News
Wincor Nixdorf reports 10% increase in FY net sales
December 10, 2007
PADERBORN, Germany — Wincor Nixdorf International AG reports that it closed its fiscal 2006-2007 year Sept. 30 with a 10 percent increase in net sales. EBITA also jumped 16 percent year over year.
Wincor Nixdorf says it has achieved double-digit growth for the third consecutive year.
"We have further extended our market position as a supplier to the banking and retail sectors by drawing on our abilities as an innovator and by capturing new markets," said Eckard Heidloff, Wincor Nixdorf's president and chief executive. "We are confident that business will continue to progress on a solid basis."
According to a news release, Wincor Nixdorf's consolidated net sales hit €2.15 billion (U.S. $3.2 billion), up 12 percent from €1.9 billion (U.S. $2.9 billion) the previous year.
Business within the international arena proved to be the principal revenue driver for Wincor Nixdorf. In addition to continued strength in Europe, the company's net sales in Asia-Pacific and Africa, in terms of U.S. dollars, jumped 30 percent from last year. In the Americas, Wincor Nixdorf's business gained 17 percent in net sales, in terms of the U.S. dollar basis.
In Germany, net sales edged up about 1 percent. After a considerable boost to sales in fiscal 2005/2006, driven by investments in reverse-vending systems within the retail segment, business returned to more-normal levels. Excluding Germany, net sales in other parts of Europe — Wincor Nixdorf's largest market, accounting for the largest proportion of net sales within the company as a whole — were up 14 percent.
"Our portfolio of services has given us direct access to global economic growth, while also opening up new opportunities in rapidly emerging countries," Heidloff said.
Wincor Nixdorf also now has subsidiaries established in Algeria, Thailand, Russia and India.
The company now has just more than 8,300 worldwide. Last year, Wincor Nixdorf's employee total was 7,787.
Wincor Nixdorf says it recruited 467 new employees from outside Germany, propelling its international headcount by 4,569.
"This approach is in line with our strategy of more pronounced international expansion," Heidloff said.
Personnel employed in Germany rose by 125 to 3,810 employees.
The majority of newly appointed employees have been assigned to in-house services units and the company's international production network. Part of the recruitment drive also was directed at sales-team growth.
Banking
The banking segment maintained its momentum over the year, with net sales rising 15 percent to €1.4 billion (U.S. $2.06 billion). Wincor Nixdorf says growth was driven by product sales and software/services. Growth in the segment was attributed to the company's expanding sale of process-optimization systems for the branch infrastructure of retail banks.
Retail
Business in the retail segment showed slight growth, with net sales increasing 2 percent, hitting €787 million (U.S. $1.2 billion). Sales from FY 2005-2006 were flat.
"We are continuously expanding our portfolio by incorporating new high-end services, thereby broadening our structural base for value creation," Heidloff said. "Within this area, we have been focusing increasingly on the integration of large-scale software projects on the customer side as well as new forms of efficient operational management for branch IT systems."
OtherBanking Executive SummaryManufacturersTrends / StatisticsNorth AmericaPublic CompaniesBank / Credit UnionWincor Nixdorf International
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