Diebold Inc. swung to a fourth quarter loss of $118.8 million, down from a profit of $3.2 million a year earlier, the ATM maker announced Feb. 14. Revenue increased 9%.1, to $791 million from $724.9 million.
The North Canton, Ohio-based ATM maker attributed its loss to $1.2 million in restructuring charges net of taxes and to $167.5 million in net nonroutine and impairment charges related to its Europe, Middle East and Africa operations.
Diebold is facing challenges in Europe, which “has never been a large market for the company, [but] it is strategically important as we consider the global nature of our customer base,” Thomas Swidarski, the company’s chief executive, said in a press release.
Financial Self-Service unit products revenue for the quarter rose 19.5%, to $314.7 million from $263.3 million, while services revenue for the unit were down 1.9%, to $280.3 million from $285.6 million.
North American operations revenue was up 3.9%, to $352.1 million from $339 million, while international revenue outside North America was up 13.7%, to $438.9 million from $386 million.
