Overall Assessment of Economic Position.

Overall, the Board of Directors believes the economic position of the Wincor Nixdorf Group to be sound on the date on which the Group Management Report was prepared. This assessment is based, in part, on the very good results achieved in the year under review, with record figures for both net sales and profit. Looking ahead at the medium term, in the light of established trends in the retail banking and retail industries and our own current position, which improved during the year under review, the Board of Directors regards the prospects for the Group as positive. Given the information available on the date of this report, in the current fiscal year the Board of Directors expects to follow on from the very good performance of 2007/2008 and to maintain approximately the same level of business. However, the Board does not exclude a short-term deterioration in business as a consequence of the financial market crisis and is therefore pushing ahead with internal measures to provide the Group with flexible options on which it can act as the need arises.