Diebold says Q4 results 'in-line with expectations'
"Our fourth quarter results were in-line with expectations. We're encouraged by the continued growth in services and software revenue. However, the hardware business continues to be under pressure in the banking market. We followed through on our accelerated business improvement plans and, as a result, delivered adjusted profits at the high end of our previous guidance," said Christopher A. Chapman, interim co-CEO and chief financial officer, Diebold Nixdorf. "Our free cash flow performance was strong during the quarter, although the accelerated restructuring and integration investments resulted in free cash use for the year." Juergen Wunram, interim co-CEO and chief operating officer, said, "We are encouraged by the continued strength of our retail business as seen in our revenue and orders growth. The company is also experiencing solid demand for services and software, as we expand our leadership position in those areas. In addition, we are pleased with the pace of our integration efforts, which are enabling the company to streamline costs, increase productivity and strengthen our competitiveness."