The global economic downturn has become increasingly severe over the course of the first months of 2009, evolving into a crisis of historic proportions. Many economic research institutes as well as the International Monetary Fund (IMF) are projecting a continued slowdown in economic performance, as well as determining recession in the key economic regions.
Against this backdrop, Wincor Nixdorf anticipates that the challenging economic conditions will continue over the course of the remaining fiscal 2008/2009. Within this context, predicting the future direction of economic performance is very difficult, which includes projections relating to the individual regions of the world economy.
On the one hand, Wincor Nixdorf has recorded a decline in the propensity to invest among retail banks and retailers in response to the current crisis. On the other hand, the portfolio of Software/Services has provided significant stability for the company’s business as a whole. Moreover, Wincor Nixdorf is well positioned as a supplier of products and services designed to streamline costs, with market interest shown in solutions aimed at process optimization remaining strong.
Thus, Wincor Nixdorf will seize market opportunities arising in the second half of the year and do everything in its power to achieve the target it had set itself for the fiscal year as whole: the goal remains to generate net sales and EBITA comparable to last year’s figures. However, the Group’s ability to attain this goal will depend to a large extent on the magnitude with which the economic crisis impacts on investment patterns within the areas of retail banking and retail. Therefore, Wincor Nixdorf also continues its efforts to achieve increasingly flexible cost structures and scaling back its own cost levels.
Regardless of this, the company will continue to pursue the future-oriented expansion and enhancement of its solution portfolio, with the express purpose of offering its customers innovative solutions and also establishing a vantage point for the period after the current economic crisis.
