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ATM maker Wincor Nixdorf AG on Monday reported a 7.3% jump in fiscal first-quarter net sales, to 646 million euros (US$849.3 million) from 602 million euros for the same period a year earlier.
Profit for the period reached 35 million euros, up 9.4% from 32 million euros. Wincor's first quarter ends Dec. 31.
Wincor's banking segment drove the company's growth during the quarter, as the unit's net sales reached 456 million euros, up 12.3% from 406 million euros a year earlier.
Net sales in the Americas increased 16%, to 58 million euros 49.3 million euros. Net sales in Germany increased 12.3%, to 155 million euros from 138 million euros.
Net sales in the Asia-Pacific region and Africa increased 23%, to 100 million euros from 81.3 million euros. Net sales in Europe outside of Germany remained steady at approximately 333 million euros.
Despite the positive quarter, Eckard Heidloff, Wincor president and CEO, cautioned that the deepening global economic crisis could result in less growth in the coming quarters.
"The impact of the economic crisis will also be felt by Wincor Nixdorf," he said in a statement. Wincor Nixdorf is based in Paderborn, Germany. Its U.S. office is in Austin, Texas. ATM
