Wincor Nixdorf Group (in the following “Wincor Nixdorf” or the “Group”) is one of the world’s leading providers of IT solutions to retailers and banks. The extensive portfolio is aimed at optimizing business processes within bank branches and retail outlets. This is essentially about reducing complexity and cost, and improving service to the end customer.
Within the Banking segment (Glossary) , the hardware proposition essentially includes cash systems (Glossary) (cash-in, cash-out, recycling and deposit systems) as well as non-cash products (Glossary) like bank terminals, self-service terminals for related areas of business as well as receipt and document printers. With the software Retail Banking Suite Wincor Nixdorf offers banks standard software for all self-service systems (Glossary) . The software comprehensively displays various IT aspects (infrastructure, security as well as optimization and management) and IT-based bank processes (customer, business and transaction handling). Furthermore, the Banking segment offers extensive product related services.
Through the Retail segment (Glossary) , Wincor Nixdorf provides hardware, software and services covering the entire value added chain in the retail industry. Key elements of the Group’s hardware proposition include programmable EPOS systems (Glossary) of the BEETLE/EPOS system group as well as self-checkout (Glossary) and reverse vending systems. The software Retail Suite allows the central control of all systems within the branch and the operation of different checkout concepts. The Retail segment also offers services like IT and business consulting (Glossary) , the emphasis being on SAP applications. Moreover, the services proposition was expanded with the new store opening concept. This concept provides the entire IT infrastructure ready for the opening and operation of a new branch.
At the Wincor World 2010 trade fair Wincor Nixdorf presented a completely new portfolio of modular cash management (Glossary) solutions for retail banks and retailers that, for the first time, supports the cash handling processes common to both industries. The overriding objectives of our new portfolio of Cash Cycle Management (Glossary) Solutions (Glossary) are to maximize the level of automation of bank and retail cash processes, to close cash cycles and to shorten the cash logistics chain. One of the ways in which we can achieve this is by implementing systems based on a single banknote storage concept for both industries. This concept makes it possible to exchange storage media within the new system family called CINEO (Glossary) . Cash Cycle Management Solutions can be used to automate cash processes at bank and retail branches. In addition, drawing on the entire technology platform, they make it possible to reduce the costs involved in branch-wide cash processes. These can be linked to each other as part of an intelligent system by using full note storage units from retail outlets to resupply ATMs. As an additional benefit, the cash centers operated by cash-in-transit (CiT) companies can be integrated into the overall cash cycle management system.
Wincor Nixdorf is represented in over 100 countries around the world and has its own subsidiary companies in 41 of these. Major business geographies are Germany and Europe; however, the Group also operates in the Americas, Africa and Asia. The Group’s main production facilities are located in Paderborn and Ilmenau (Germany), Singapore and Shanghai (China). Research and development within the Group is conducted predominantly in Germany, Switzerland, Singapore and China.
The ultimate parent company of Wincor Nixdorf Group is Wincor Nixdorf Aktiengesellschaft (in the following “Wincor Nixdorf AG”) located on Heinz-Nixdorf-Ring 1, 33106 Paderborn, Germany. The Company is registered at the local court office in Paderborn, Germany. The stock of Wincor Nixdorf AG is listed on the Frankfurt Stock Exchange in the Prime Standard segment and is part of the MDAX. The Group’s fiscal year commences on October 1 and ends on September 30 of the subsequent calendar year. Wincor Nixdorf Group was de-merged from Siemens Group by means of a leveraged buy-out on October 1, 1999.
The functional and reporting currency of Wincor Nixdorf AG is the euro (€). The Group financial statements are set up in euros since this is the currency in which the majority of the Group’s transactions are carried out. Reported figures are shown in thousands of euros (€ k) unless stated otherwise.
Several Group balance sheet and Group income statement items have been combined in order to improve clarity. These items are stated and explained separately in the Notes to the Group financial statements. The Group income statement is structured using the cost of sales method.
On November 18, 2010, the Board of Directors of Wincor Nixdorf AG released the Group financial statements for the purpose of forwarding them to the Supervisory Board. The Supervisory Board is responsible for assessing the Group financial statements and specifying whether it is issuing an approval of the Group financial statements.