Overall Assessment of Future Business Development.
Overall, we expect net sales in fiscal 2016/2017 to be slightly up on net sales recorded in the preceding year, while our operating profit (EBITA) before non-recurring items should be on a par with the prior-year figure. No additional non-recurring items are expected in connection with the Delta program over the course of the current fiscal year. One-time charges relating to the business combination with Diebold Inc. are likely to total approx. €20 million.
The year-on-year slowdown in revenue growth projected for fiscal 2016/2017 is attributable mainly to the Group's significant forward momentum in fiscal 2015/2016 together with the impact of establishing a joint venture in China and potential dis-synergies from the business combination with Diebold Inc. Our guidance with regard to net sales is based on projected non-organic growth.
The Board of Directors and Supervisory Board will submit to the Annual General Meeting a proposal for the payment of a dividend.
Disclaimer: This document contains forward-looking statements that are based on current estimates and assumptions made by the management of Wincor Nixdorf AG. Under no circumstances shall these statements be considered as constituting a guarantee that such expectations are correct or will materialize. In particular, it should be noted that the control (also referred to as "domination") and profit transfer agreement has not yet come into effect. Once this agreement has been entered in the Commercial Register, thereby coming into effect, deviations – in some cases of a significant nature – are expected. The extent of these variances cannot be specified at this moment in time. The future performance as well as the results actually achieved by Wincor Nixdorf AG and its affiliated companies are subject to various risks and uncertainties. Therefore, they may differ materially from those expressed or implied by forward-looking statements. A number of these factors are beyond Wincor Nixdorf's sphere of influence and cannot be forecast or predicted with any level of certainty, e.g., those factors relating to future economic conditions or the actions of competitors and other market participants. Wincor Nixdorf disclaims any obligation to update any forward-looking statements to reflect subsequent events or circumstances.