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Wincor Nixdorf AG ended fiscal 2011/2012 with a slight year-on-year increase in net sales but a significant downturn in its operating profit.
Wincor Nixdorf AG recorded capped off the first nine months of the 2011/2012 fiscal year with a 2% fall in net sales and a 42% fall in operating profit (EBITA), compared with the same period in the previous year. The consolidated net sales of the IT company, which specializes in solutions designed for the branch and store operations of banks and retailers, fell in the reporting period to €1,704 million (previous year: €1,744 million). At €69 million, EBITA was down on last year's figure (€119 million), while net profit for the period declined by 45% to €42 million (€77 million).
On completing the first two quarters of fiscal 2011/2012, Wincor Nixdorf AG has further specified its prospects for the financial year as a whole.
Wincor Nixdorf AG today announced that the company's Supervisory Board had reached a mutual agreement with Stefan Auerbach, member of the Board of Directors responsible for the global banking business, concerning the termination of his mandate effective from February 29, 2012.
The shareholders of Wincor Nixdorf AG approved all items on the agenda of today's Annual General Meeting in Paderborn with clear majorities.
– Outlook unchanged
Performing in line with expectations, Wincor Nixdorf AG completed the first quarter of its current fiscal year with a decline in net sales and operating profit (EBITA).
IKEA is the world’s first retail customer to use Wincor Nixdorf’s new CINEO solution to automate cash handling at its stores.