DGAP-Adhoc

Diebold Nixdorf, Incorporated: announces CEO succession and 2022 outlook

DGAP-Ad-hoc: Diebold Nixdorf, Incorporated / Key word(s): Personnel Diebold Nixdorf, Incorporated: announces CEO succession and 2022 outlook 10-Feb-2022 / 13:05 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. February 10, 2022 -Hudson, Ohio, United States of America - Diebold Nixdorf, Incorporated (ISIN: US2536511031, the "Company") announces that the board of directors has appointed Octavio Marquez, current executive vice president of Global Banking of the Company, to replace Gerrard Schmid as the Company's president and chief executive officer effective March 11, 2022. Mr. Marquez will also join Diebold Nixdorf's board.

At the same time, the Company reports its 2021 fourth quarter and full-year financial results which include the following guidance for 2022:

Total Revenue	$4.0B - $4.2B
Adjusted EBITDA (non-GAAP measure)1	$440M - $460M
Free cash flow (non-GAAP measure)2	$130M - $150M
Return on Invested Capital (non-GAAP measure)1,3	~17%

 

¹ - With respect to the Company's adjusted EBITDA and Return on Invested Capital (ROIC) outlook for 2022, the Company is not providing a reconciliation to the most directly comparable GAAP financial measures because it is unable to predict with reasonable certainty those items that may affect such measures calculated and presented in accordance with GAAP without unreasonable effort. These measures primarily exclude net non-routine items. These reconciling items are uncertain, depend on various factors and could significantly impact, either individually or in the aggregate, operating profit and net income calculated and presented in accordance with GAAP. Please see "Non-GAAP Financial Measures" for additional information regarding the Company's use of non-GAAP financial measures.