News

Wincor Nixdorf reports 10% gain in annual net sales

October 24, 2007

PADERBORN, Germany - Wincor Nixdorf International AG has ended its 2006/2007 fiscal year a 10-percent gain in net sales, the company reported this week.

 The company extended EBITA to EUR 186 million (U.S. $266 million) up from EUR 161 million (U.S. $230 million). Net sales also increased, hitting EUR 2.15 million (U.S. $3 million) in FY '06/'07 from EUR 1.95 million (U.S. $2.79 million) last year.

Those results slightly exceed the company's recent growth forecasts, Wincor Nixdorf says.

"The fiscal year just ended underscores the overall solidity of our company," said Eckard Heidloff, Wincor Nixdorf's president and chief executive.

Heidloff says the growth was driven by strong gains outside Germany, as well as by solid business in the retail-banking segment.

The company's annual net income rose about 33 percent, hitting EUR 109 million (U.S. $155.8 million)from EUR 82 million (U.S. $117 million) last year.

For FY 2007/2008, Wincor Nixdorf expects an 8-percent growth in net sales and a 10 percent increase in EBITA. As was the case in the fiscal year just ended, growth is expected to come from markets outside Germany andfrom the company's activities in the retail-banking sector.

"We shall continue on a path of consistent growth," Heidloff said.