News

Wincor Nixdorf continues course of growth

December 21, 2004

PADERBORN, Germany -- Wincor Nixdorf was able to continue its course of sustainable growth, despite trying economic times.

In the 2002-2003 business year, which ended Sept. 30, the company increased revenue 7.1 percent to €1.44 billion ($1.79 billion US). At the same time, earnings before interest, taxes, depreciation and amortization (EBITA) rose 18 percent to €104 million ($129 million US), according to a news release.

For the fourth straight year since becoming an independent company, Wincor Nixdorf improved its business results. "We achieved sales growth and an over-proportional increase in our operating results against the industry trend," said Karl-Heinz Stiller, president and chief executive officer, in the release.

Both the banking and retail operations contributed to the sales growth. The number of Wincor Nixdorf employees worldwide increased in the business year by 365 to 4,983. Investments in research and development rose 4.6 percent to €66.1 million ($82.1 million US).

The business with IT solutions for retail companies, including services, had positive growth of 9 percent to €602 million ($748 million US). Europe was the focus of Wincor Nixdorf's international retail-business expansion.

Point-of-sale systems were primarily responsible for driving growth in retail sales: The number of POS systems increased 33 percent in the 2002-2003 business year. Wincor Nixdorf continued to expand sales in the software and consulting area.