Wincor Nixdorf Continues its Success Story with Significant Increase in Operating Profit.Wincor Nixdorf's Operating Profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. Increases 18 Percent for Fiscal 2005/2006 AUSTIN, Texas -- Wincor Nixdorf, one of the world's leading suppliers of IT solutions for the banking and retail industries, today announced that the company has ended its 2005/2006 fiscal year with a significant increase in operating profit (EBITA EBITA Earnings Before Interest Taxes Amortization ) of 18 percent and a 12 percent improvement in net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight . EBITA climbed to [euro] 161 million ([euro] 137 million) and net sales to [euro] 1,948 million ([euro] 1,744 million). These figures mean that Wincor Nixdorf has again clearly surpassed its own growth forecasts, which had already been upgraded during the year to at least 15 percent for EBITA and at least 10 percent for net sales. "In the fiscal year just ended, everything went right," commented Karl-Heinz Stiller, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Wincor Nixdorf AG. Earnings before interest, tax, depreciation and amortization (EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become ) grew in the period under review by 21 percent to [euro] 203 million ([euro] 168 million). Net income increased by 46 percent to [euro] 82 million ([euro] 56 million). Net income adjusted for the effect of amortization of product know-how (cash net income) grew by 32 percent to [euro] 94 million ([euro] 71 million). For reasons of completeness and ease of comparison, Wincor Nixdorf is also reporting its cash net income. In valuation terms, the product know-how arose at the time of the company's demerger demerger n (Comm) → Abspaltung f, Demerger m from the Siemens Group in 1999. "Our shareholders should be particularly pleased that we have again been able to increase our net income much more strongly than our EBITA," continued Stiller. Operating cash flow Operating cash flow Earnings before depreciation minus taxes. Measures the cash generated from operations, not counting capital spending or working capital requirements. rose to [euro] 154 million ([euro] 133 million). Wincor Nixdorf forecasts that it will increase EBITA by 8 percent and net sales by 6 percent in fiscal 2006/07. With this prognosis, the company confirms the medium-term growth expectations it had at the time of its initial public offering two years ago - based currently, admittedly, on a much higher departure point. As a result, the company will continue to outperform the market in its business segments. Wincor Nixdorf AG will publish its audited group accounts and additional information on fiscal year 2005/2006 along with details of its current business performance at its annual results conference to be held on December 13, 2006 in DE-sseldorf. About Wincor Nixdorf Wincor Nixdorf is one of the world's leading suppliers of IT solutions to the retail and banking industries. The company's extensive portfolio, consisting of hardware products, software, consulting, maintenance and other services, is aimed at reducing the cost and complexity of business processes while improving customer service. Wincor Nixdorf is the world's third largest supplier of POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale systems and automated teller machines and the number one supplier of POS systems in Europe (source: Clarendon Report, April 2005). With more than 7,700 employees and net sales of [euro]1,948 million last fiscal year, Wincor Nixdorf operates in over 90 countries with manufacturing plants in Germany, China and Singapore. Worldwide headquarters are in Paderborn, Germany and North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. headquarters are in Austin, Texas. For more information, visit www.wincor-nixdorf.com/usa. |
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