Wincor Nixdorf was able once again to increase its net profit before minority interest in fiscal 2005/2006. It amounted to €82 million (previous year: €56 million). Growth in net profit was driven by several factors, including net sales growth of 12% and the associated economies of scale attributable to our products. At the same time, we successfully continued our “ProImprove” profitability program. Despite double-digit growth in revenue, selling, general and administration expenses rose slower in relation to net sales.
Earnings before interest, taxes, depreciation and amortization (EBITDA) were raised once again, climbing by €35 million to €203 million (previous year: €168 million). The EBITDA margin stood at 10.4% (previous year: 9.6%).
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Reconciliation of Result from Business Operations (EBITDA). |
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€m |
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2005/2006 |
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2004/2005 |
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Profit for the period |
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82 |
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56 |
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+ Income taxes |
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46 |
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35 |
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+ Financial result |
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13 |
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20 |
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+ Amortization of product know-how (exceptional item) |
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20 |
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26 |
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EBITA before charges arising from the carve-out |
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161 |
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137 |
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+ Amortization/Depreciation of tangible fixed assets and licenses |
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37 |
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30 |
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+ Write-down of reworkable service parts |
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5 |
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1 |
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EBITDA before charges arising from the carve-out |
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203 |
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168 |