At the end of the reporting period, Wincor Nixdorf stock closed at €41.49, down 29.7% from the opening price on October 1, 2007. Despite this substantial fall, the share price largely reflected movements in the MDAX over the same period (–32.6%).

Three trends can be observed from the performance of Wincor Nixdorf stock in the fiscal year just ended:

• a significant increase in the level of volatility (Glossary)  of the stock compared to the market as a whole
• heavy falls in share prices in the entire market, especially in the context of the debate about the impact of the financial crisis, accompanied by new U.S. dollar lows and rising oil prices
• a strong performance at the beginning of the reporting period, relatively weak progression between April and June 2008, and a fiscal year-end closing price that closely reflects the change in valuations for the market as a whole over the period under review

The average trading volume of Wincor Nixdorf shares on all German stock exchanges rose from 3.8 million units per month in fiscal 2006/2007 to 5.3 million shares traded per month during fiscal 2007/2008 (amounts for the previous year adjusted following increase in capital through issuance of shares in a ratio of 1:1 on March 22, 2007).