Despite a deteriorating general business climate, Germany-based Wincor Nixdorf International GmbH, the world's second-largest ATM manufacturer based on 2007 shipments, on Thursday reaffirmed its optimistic economic forecast, citing "significant" growth in Asia and the Americas and "steady" growth in Europe. "We remain committed to increasing net sales by 8% and EBITA [earnings before interest, taxes, depreciation and amortization] by 10%," Eckard Heidloff, Wincor Nixdorf president and CEO, said in a statement. For the first nine months of fiscal 2008, which ends 30 Sept., Wincor Nixdorf reported sales of 1.74 billion euros, up 8.8% from 1.6 billion euros for the same nine-month period last year. EBITA rose 10.1%, to 152 million euros from 138 million euros. Net sales in the Americas rose 26.3%, to 144 million euros from 114 million euros. Net sales in Asia-Pacific and Africa increased 31.2%, to 261 million euros from 199 million euros. In Europe, excluding Germany, net sales were 921 million euros, up 6.6% compared with 864 million euros in the same nine-month period last fiscal year. Nine-month net sales in Germany, however, fell 3.1%, to 412 million euros from 425 million euros. Wincor Nixdorf says it sees no signs of improvement in the "subdued economic climate" for the remainder of this fiscal year. "Continuing tremors emanating from the international financial markets and the protracted weakness of the U.S. dollar have contributed to this situation," the company says.
Authoritative analysis and perspective for every segment of the payments industry
Authoritative analysis and perspective for every segment of the industry
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