Diebold’s Q2 Americas ATM Orders Down 30%+
Diebold reported that second quarter revenue declined 9% to $700.5 million, but net income rose 5% to $30.6 million. Revenue in the EMEA region was off 31% while the Americas posted a 5% decline and Asia a 2% decline. The Company’s Financial Self-Service Division, mostly its ATM business, posted a 2% decline in second quarter revenue to $536.2 million. ATM product revenue was up 2% while ATM services was down 7% for 2Q/09, compared to 2Q/08. In the Americas financial self-service orders decreased more than 30%, primarily due to a difficult comparison to the prior-year period when the company had two very large orders in Brazil. Orders in the EMEA region decreased more than 40%, but orders in Asia Pacific increased more than 50%. Diebold is forecasting that total revenue will be down 13% to 7% while financial self-service revenue will be off by 8% to 2% for the 2009 full year. For complete detail on Diebold’s latest results visit CardData (www.carddata.com).