DGAP-Adhoc

WINCOR NIXDORF Aktiengesellschaft:

WINCOR NIXDORF Aktiengesellschaft / Key word(s): Change in Forecast

24.01.2016 20:58

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Net sales up substantially and earnings boosted in first quarter - positive
impact from restructuring - earnings guidance upgraded

Wincor Nixdorf AG saw net sales rise by 14% year on year in the first
quarter of the current fiscal year 2015/2016, while operating profit
(EBITA) before restructuring expenses increased by 78%. After restructuring
expenses EBITA was up by 46%. In absolute terms, net sales generated by the
Group totaled EUR727 million (previous year: EUR640 million). Operating
profit reached EUR66 million before restructuring expenses and EUR54
million after expenses for restructuring (prior-year EBITA: EUR37 million).
Thus, measures centered around business restructuring and realignment
proved beneficial in particular to the company's earnings performance.
Against this background, the company has upgraded its earnings guidance for
the current fiscal year 2015/2016. As part of the revised outlook,
operating profit before restructuring expenses is expected to lie within a
range of EUR160 to 190 million (previous guidance: EUR150 million). The
upgraded guidance on earnings has no impact on the outlook previously
issued with regard to net sales, which points to slight growth in this
area.
The upgraded earnings guidance for fiscal 2015/2016 contains a positive
earnings contribution from the restructuring program that is much more
pronounced than originally anticipated (EUR60 to 80 million instead of
EUR50 million). At the same time, the restructuring expenses originally
budgeted are not likely to be utilized in full (EUR30 million instead of
EUR40 million). What is more, expenses incurred in this area may possibly
be more than offset by a number of activities currently underway as well as
further one-off factors. In fact, Wincor Nixdorf currently anticipates a
positive net effect ranging from EUR0 to 30 million.
For instance, the sale of ownership interests in the Group's "AEVI"
business with cashless and mobile payment systems has progressed well. In
this context, Wincor Nixdorf plans to dispose of a non-controlling interest
in AEVI. Given the strong interest already shown by investors, the company
is confident that this sales transaction will be successfully concluded in
the coming months. Furthermore, Wincor Nixdorf is discussing the
possibility of a cooperation agreement for its business activities in
China. At present, negotiations are underway with a Chinese partner
regarding its majority-stake investment in a joint venture covering Wincor
Nixdorf's business dealings in that country.
The outlook issued by Wincor Nixdorf for fiscal 2015/2016 does not include
one-off costs that will come into effect on conclusion of the business
combination with Diebold. They are estimated to be around EUR50 million.


24.01.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: WINCOR NIXDORF Aktiengesellschaft
Heinz-Nixdorf-Ring 1
33106 Paderborn
Germany
Phone: [phone]
Fax:
E-mail: [e-mail]
Internet: www.wincor-nixdorf.com
ISIN: DE000A0CAYB2
WKN: A0CAYB
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart

End of Announcement DGAP News-Service

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