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Article: Wincor Nixdorf Reports Lower Profit On Lower Sales.(ATM News)(Financial report)
- Article from:
- ATM & Debit News
- Article date:
- November 12, 2009
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Wincor Nixdorf AG Tuesday reported lower net income on lower sales for the 2009 fiscal year ended Sept. 30, but the company continues to gain market share in the United States, says one analyst.
The Paderborn, Germany-based maker of ATMs and point-of-sale equipment reported a net income of $114 million, down 10% compared with $126.65 million in 2008.
Net sales totalled 2.25 billion euros (US$3.34 billion), down 3% compared with 2.32 billion euros. Executives at the ATM maker blame the recession for the overall drop in revenue and profit. "Against the backdrop of a severe economic crisis, Wincor Nixdorf emerged from the fiscal year just ended with a ...