In the first six months of fiscal 2006/2007 cash flow from operating activities totaled €131 million, a significant year-on-year increase (previous year: €108 million). As was the case in the previous year, growth within this area was driven mainly by EBITDA with an increase of 22% to €112 million (previous year: €92 million). In addition, the reduction in working capital by €48 million (previous year: €27 million) produced an inflow of cash. The increase in other assets had a contrary effect.

At €28 million, net cash used in investing activities exceeded the previous year‘s figure of €18 million by a significant margin. Wincor Nixdorf‘s more expansive outsourcing business prompted an increase in investments in other fixed assets and office equipment. In addition, investments in reworkable service parts accounted for €5 million.

Net cash used in financing activities amounted to €96 million (previous year: €67 million). The dividend payment of €2.80 per share for fiscal 2005/2006 resulted in a cash outflow of €46 million (previous year: €35 million). A total of €26 million (previous year: €37 million) was used for the repayment of financial loans. Additionally, the purchase of own shares as part of the Company‘s stock reacquisition plan accounted for a cash outflow of €24 million.