Wincor Nixdorf increases profitability further. In addition to the benefits provided by net sales growth and economies of scale in the product line-up, the effort invested in the Company’s “ProImprove” profit improvement program is paying dividends. Part of this includes the concentration on profitable areas of business in the retail portfolio successfully carried out over the last few years which has produced a return of over 5% in the retail segment. At present, the Company is benefiting from demand for its high-end “intelligent deposit” solutions, such as Cash Check Deposit, reverse vending (bottle and can returns), and for net-centric software. Driven by the improvement in operating profit, net profit for the period is increasing in leaps and bounds mainly due to the refinancing conducted last year, with resultant lower levels of interest expenses, as well as lower levels of amortization charges which followed the demerger (carve-out) from the Siemens Group.

Successful business growth in Asia. Using its good business in Europe as a base, Wincor Nixdorf has succeeded in continuing its growth track and strengthening further its positioning in Asia. Included in this is, in particular, the Chinese market where the Company has succeeded in recent months in securing further orders from well-known banks.

Award-winning innovations. Wincor Nixdorf was twice awarded the British trade journal “The Banker”’s much-respected Banker Technology Award. Under the category “New Channels Project of the Year” the magazine praised a joint project between the UK bank HSBC and Wincor Nixdorf which saw branches re-designed strictly in line with customer requirements, offering visitors more space and enhanced service. In the category “New Channel Innovation” Barclays Bank and Wincor Nixdorf received an award for the successful introduction of 500 new kiosk systems at Barclays branches in the United Kingdom.

Safeguarding of pension obligations. Wincor Nixdorf has set up a Contractual Trust Arrangement (CTA). Under this CTA, assets are allocated directly against employee pension obligations in order to safeguard employees’ company pension entitlements (insolvency protection). Under IFRS these assets are netted off against the corresponding pension accruals. The CTA has a value of € 100 million and covers pension obligations to around 3,000 employees, past and present, of Wincor Nixdorf International GmbH.