Wincor Nixdorf, the leader in the delivery of open systems solutions to the retail and banking industries, announced that it has increased earnings for the sixth consecutive year, to $94.1 million in the 2001/2002 financial year on revenue of $1.41 billion. The company posted positive results even though overall revenues declined eight percent worldwide compared to the previous year. Wincor Nixdorf increased the number of worldwide employees approximately four percent to 4,618 and increased investments in research and development by 20 percent to $65.5 million.
Karl-Heinz Stiller, President and Chief Executive Officer, said the results of the past financial year was an important step forward for the company in a tough economic environment. “We increased profitability while at the same time investing in our future,” said Stiller. “As a result, Wincor Nixdorf is in a stronger position to deal with difficult market conditions and is better equipped to grow in the future.”
“2002 was a particularly strong year in the U.S. market, as Wincor Nixdorf experienced double-digit growth,” said Jeff Soisson, president and CEO of Wincor Nixdorf USA. “With our continued commitment to open standards, technology innovation and the industry’s best total cost of ownership, Wincor is positioned to continue its rapid growth as a retail and banking technology leader in the U.S. market in 2003.”
* Wincor Nixdorf was ranked the third largest provider of POS systems and ATMs worldwide after continuing its rapid growth from twelfth place in 1994. Wincor was also ranked first in Germany and ranked second in Europe in POS systems and ATMs.
* Business in Eastern European markets boomed, with double-digit growth rates. Wincor Nixdorf became the market leader in Hungary, Poland, Russia and the Czech Republic. Asia and the United States experienced similar growth, and worldwide sales of POS terminals grew 14 percent.
* In Taiwan, Wincor Nixdorf installed 1,550 ATMS in 7-Eleven, one of the world’s largest convenience store chains, as part of an IT modernization project in conjunction with two large domestic banks.
* In 2002, Wincor Nixdorf expanded its services and solutions activities, which accounted for 39 percent of total sales. The company set up its own service organization and infrastructure as well as a new partnership program, after acquiring IBM’s financial self-service activities in May 2001 in Germany.
* In almost all countries in which it has subsidiaries, Wincor Nixdorf now offers services for its own products and solutions as well as for those of other venders. Wincor Nixdorf implemented a strategy to expand its service business internationally, using its own resources and acquisitions.
* Wincor Nixdorf offered support to 20 postal organizations worldwide and won new customers in this sector. Wincor Nixdorf made inroads into the lottery business in North and South America, as well as Asia. The company won its first contracts with restaurants, hotels and social service groups in the hospitality sector and launched its own sales offices in select countries.
About Wincor Nixdorf
Worldwide, Wincor Nixdorf, Inc. is one of the fastest growing providers of IT products and solutions for the retail and banking industries. Wincor Nixdorf’s offerings include hardware, application software, professional services and a complete range of multi-vendor service programs including on-site support, depot service and Advanced Exchange. Wincor Nixdorf is the world’s third largest provider of POS systems and automated teller machines. Employing more than 4,600 people, Wincor Nixdorf operates in 40 countries with manufacturing plants in Germany and Singapore. North American headquarters are in Austin, Texas and Boston, Massachusetts. For more information, visit [www.wincor-nixdorf.com/usa].