Wincor Nixdorf AG has revised its forecast issued for fiscal 2013/2014 as a whole. The Company and now expects net sales to reach a level comparable to that recorded in the previous year instead of rising by the 4% it had originally projected. The forecast for operating profit remains unchanged, with EBITA expected to increase by 17% to €155 million. Following the discontinuation of production activities by Wincor Nixdorf at the Singapore site, the Company had been faced with the option of selling the facility or utilizing it for other purposes.
As regards the original annual forecast for fiscal 2013/2014, high expectations had been placed in particular on growth within the emerging markets. In the meantime, however, business performance in this region has been affected by a sustained deceleration of economic momentum. Additionally, business has become more difficult in some key emerging markets by the depreciation of local currencies. As anticipated at the beginning of the current fiscal year, business in the industrialized markets of Europe is progressing at a subdued rate. There is still no prospect of a sustained improvement in the investment climate for retail banks and retailers in this region, which remains Wincor Nixdorf’s largest market.