IMGCAP(1)]
Wincor Nixdorf AG, the world's second-largest ATM manufacturer based on 2007 worldwide shipments, on Tuesday reported net sales of $3 billion for the 2008 fiscal year, ending Sept. 30. Sales increased 8% compared with $2.78 billion the 2007 fiscal year.
The Paderborn, Germany-based company, which has a U.S. office in Austin, Texas, reported a net profit of $164.9 million, up 16.5% from $141.6 million in fiscal 2007.
In July, Eckard Heidloff, the manufacturer's president and CEO, predicted Wincor Nixdorf would achieve 8% sales growth for fiscal 2008 despite a deteriorating business climate worldwide (ADN, 7/31).
In Germany, net sales increased 2.8%, to $759.8 million from $739.5 million. In other parts of Europe, net sales increased 8%, to $1.57 billion from $1.46 billion. Sales to the Asia-Pacific region and Africa increased 18.8%, to $425 million from $358 million.
Sales to the Americas increased 12%, to $241.69 million from $141.6 million.
The company's other key barometer was achieving 10% growth in earnings before interest, taxes, depreciation and amortization.
Wincor Nixdorf reported EBITA of $267 million, up 10.8% from $241 million in fiscal 2007.
The company expanded its workforce during the year. At the end of September, Wincor Nixdorf employed 9,460 workers worldwide compared with 8,379 a year earlier. ATM
