News
Wincor sees growth in profit, sales
July 23, 2007
PADERBORN, Germany - Wincor Nixdorf International AG says it expects its annual outlook, announced at the beginning of the year for fiscal year 2006/2007, to be on target.
The company said its net sales rose by 12 percent during the first nine months of the year, from €1.4 million (U.S. $1.9 million) to €1.6 million (U.S. $2.2 million). Consolidated net sales for just the third quarter rose 5 percent from the third quarter of FY 2005/2006.
Profit for the period jumped 29 percent, from €59 million (U.S. $81.5 million) to €76 million (U.S. $105 million).
"We are confident that our upgraded forecast for the full annual period will be met," said president and chief executive Eckard Heidloff. "We anticipate that revenue will grow by 9 percent and EBITA by 15 percent."
Growth in Europe, Asia and Americas
Wincor Nixdorf's growth in net sales was driven by dynamic business growth in Europe. In Germany, net sales rose by 8 percent, contributing 27 percent to the company's overall net sales.
In Europe - excluding Germany, which at 54 percent remains the company's greatest region for revenue - net sales increased 15 percent from the first three months of FY '05/'06. During 3Q, net sales in Europe jumped 11 percent.
Calculated on the basis of U.S. dollars, net sales in Asia-Pacific and Africa for the first nine months increased 20 percent when compared with the same period last year. In terms of euros, the increase was only 11 percent. The region contributed 12 percent to the company's total net sales.
Business in the Americas improved from last year, but some projections have not been met. Net sales for the first nine months improved 10 percent in terms of the U.S. dollar and only 2 percent in terms of the euro. Overall, the Americas accounted for 7 percent of overall net sales, a drop from the 19 percent the region contributed a year ago.
The banking segment increased its net sales by 17 percent during the first nine months, with growth driven by large-scale rollouts in the United Kingdom, Italy and Eastern Europe.
Net sales for the retail segment increased 3 percent for the first nine months.
North AmericaManufacturersOtherBanking Executive SummaryPublic CompaniesAsia, Australia & PacificBank / Credit UnionWincor Nixdorf International
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