In the first nine months of fiscal 2006/2007 cash flow from operating activities rose to €147 million (previous year: €124 million). As in the previous year, the year-on-year increase of 19% was fueled by EBITDA, which climbed by 16% to €171 million (previous year: €148 million). In addition, the reduction in working capital by €13 million produced an inflow of cash. Tax payments amounted to €25 million (previous year: €20 million).

At €39 million (previous year: €89 million), net cash used in investing activities was significantly lower than in the same period a year ago. In the previous year, an amount of €56 million had been accounted for as investing activities. This was in connection with the allocation of plan assets under a contractual trust arrangement. Furthermore, 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 (previous year: €6 million).

Net cash used in financing activities amounted to €112 million (previous year: €40 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 was used for the repayment of financial loans. Additionally, the repurchase of own shares accounted for €8 million in the third quarter. Thus, over the course of the first three quarters of fiscal 2006/2007 a total of €32 million was spent on the repurchase of own shares as part of the Company‘s stock reacquisition plans. Having eliminated tax effects, the payout of the 2005 option plan resulted in a cash outflow of €8 million.