General.
The outlook for the Wincor Nixdorf Group remains positive, with good prospects for continued profitable growth. Over the next few years, we expect to see average growth of 6% in net sales and 8% in operating profit. This underscores the general medium-term trend forecast by the Board of Directors at our IPO in 2004. However, thanks to strong growth in recent years, the trend is at a much higher level than we had originally expected. Our sales forecasts are based largely on anticipated organic growth in our operations.

We aim to pursue our successful business policy and continue implementing a Group strategy that focuses on developing our core activities, making further progress on internationalization and exploiting potential opportunities in areas that represent an extension of our core business or are related to it. In parallel, we are committed to accelerating the process of evolution toward a service offering that is focused on fully integrated solutions. With the market increasingly receptive to companies offering an all-embracing service, we believe this approach offers Wincor Nixdorf an opportunity to establish a unique identity.