At the beginning of 2012 the world economy still shows no sign of fundamental recovery. On the contrary, its prospects appear to have become bleaker.
Indeed, an outlook issued by the Organisation for Economic Co-operation and Development (OECD) towards the end of last year suggested that any significant growth impetus in 2012 would be restricted primarily to the emerging markets. Against the backdrop of the sovereign debt crisis in Europe, leading economic research institutes such as the Hamburg Institute of International Economics (HWWI) or the Munich-based ifo Institute for Economic Research are adamant that any forecast concerning the future economic performance of Europe in particular is associated with considerable uncertainty.
In view of these unpredictabilities and their concomitant effect on the activities of many European banks, the prospects for Wincor Nixdorf’s business in the coming months remain difficult to gauge in quantitative terms. With this in mind, the Company hereby reaffirms its outlook issued at the beginning of the fiscal year, according to which a slight contraction or a moderate increase in net sales are equally possible in fiscal 2011/2012. Similarly, operating profit may decline markedly or, alternatively, expand slightly in the fiscal year as a whole.
Operating against this background, Wincor Nixdorf is committed to adapting to the changed circumstances. For this purpose, the Company is further refining its internal structures, with a view to strengthening its sales activities, for instance, expanding its business in the field of Software and Services or participating in the growth of the emerging markets. These measures are complemented by stringent cost management.