Share Price Performance. Against the backdrop of an encroaching financial crisis, the German stock market at times had to contend with a severe downturn in the period from October to November 2008. Concerted efforts by leading central banks to cut interest rates, together with extensive government measures aimed at market stabilization, did little to alleviate the general uncertainty among market participants. At the very most, these programs served to stem the tide of market losses somewhat during this period. Price trends stabilized again in December, a month that also saw slightly less volatility within the markets.

The performance of Wincor Nixdorf shares was comparable to that of the German stock market as a whole. With prices remaining extremely volatile, Wincor Nixdorf shares recorded a loss of –19.2% over the period under review – almost as severe as the general slump in the stock market (–20.1%).

The company’s stock registered a high of €42.60 at the beginning of October, while the share price at the end of the period under review stood at €33.71.

Performance of Wincor Nixdorf shares as from October 1, 2008 to December 31, 2008, compared to MDAX (Performance Index), MSCI World: