DGAP-Adhoc: Diebold Nixdorf, Incorporated: Diebold Nixdorf Issues Adjusted 2017 Financial Outlook

DGAP-Ad-hoc: Diebold Nixdorf, Incorporated / Key word(s): Change in Forecast 
Diebold Nixdorf, Incorporated Issues Adjusted 2017 Financial Outlook 
 
05-Jul-2017 / 14:30 CET/CEST 
Disclosure of an inside information acc. to Article 17 MAR, transmitted by 
DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
 
*Diebold Nixdorf, Incorporated 
North Canton, Ohio, United States of America* 
 
*Public Disclosure of Inside Information pursuant to Article 17 MAR* 
 
*Diebold Nixdorf Issues Adjusted 2017 Financial Outlook* 
 
*July 5, 2017 - North Canton, Ohio, United States of America -* Diebold 
Nixdorf, Incorporated (the "*Company*") today announced it is adjusting its 
full-year financial outlook for 2017. Full-year revenue is now expected to 
be in the range of $4.7 billion to $4.8 billion. Earnings per share on a 
GAAP basis is now expected to be in the range of $(1.65)-$(1.45), or 
$0.95-$1.15 on a non-GAAP basis. The Company is in the process of closing 
its books for the second quarter 2017, and expects orders, revenue and 
adjusted EBITDA in the period to be comparable with first quarter results. 
 
As previously disclosed, the Company's banking business is increasingly made 
up of large, complex projects with higher software content, resulting in a 
longer customer decision-making process and order-to-revenue conversion 
cycle. As a result, the timing and volume of orders to date leads the 
Company to adjust its 2017 guidance. 
 
In addition, the delay in systems rollouts also has a negative impact on the 
Company's service business. This change in volume, combined with investments 
in hiring and training in the service organization as part of the Company's 
transformation, will pressure near-term margins. 
 
The Company plans to take further steps to accelerate its cost reductions. 
On that basis the Company increases its DN2020 net savings target to $240 
million. 
 
Updated full-year 2017 outlook(1)> 
 
                             Previous Guidance Current Guidance 
Total Revenue                     $5.0B        $4.7B - $4.8B 
Net Income (Loss)             $(75M) - $(50M)  $(125M) - $(110M) 
attributable to Diebold 
Nixdorf, Inc. 
Adjusted EBITDA                $440M - $470M     $360M - $380M 
2017 EPS (GAAP)              $(0.95) - $(0.65) $(1.65) - $(1.45) 
*Restructuring*                   *0.45*           *0.85* 
*Non-routine 
(income)/expense:* 
*Integration expense*             *0.65*           *0.70* 
*Legal, Acquisition and           *0.35*           *0.30* 
Divestiture expense* 
*Impairment & Other               *0.05*           *0.05* 
Non-routine* 
*Wincor Nixdorf purchase          *1.90*           *1.90* 
price accounting* 
*Total non-routine                *2.95*           *2.95* 
(income)/expense* 
*Tax impact of restructuring     *(1.05)*         *(1.20)* 
and non-routine 
(income)/expense items* 
Total Adjusted EPS (non-GAAP   $1.40 - $1.70     $0.95 - $1.15 
measure) 
 
(1) - The Company expects a non-GAAP effective tax rate of approximately 30% 
for the full year. With respect to the Company's non-GAAP tax rate outlook 
for 2017, the Company is not providing the most directly comparable GAAP 
financial measure and, with respect to the Company's non-GAAP tax rate and 
adjusted EBITDA outlook for 2017, the Company is not providing corresponding 
reconciliations because it is unable to predict with reasonable certainty 
those items that may affect such measures calculated and presented in 
accordance with GAAP without unreasonable effort. These measures exclude the 
future impact of restructuring actions, net non-routine items, acquisition, 
divestiture and integration related expenses and purchase accounting fair 
value adjustments. These reconciling items are uncertain, depend on various 
factors and could significantly impact, either individually or in the 
aggregate, our future period tax rate calculated and presented in accordance 
with GAAP. Please see "Use of Non-GAAP Financial Measures" for additional 
information regarding our use of non-GAAP financial measures. 
 
Non-GAAP Financial Measures and Other Information 
 
To supplement our condensed consolidated financial statements presented in 
accordance with GAAP, the Company considers certain financial measures that 
are not prepared in accordance with GAAP, including non-GAAP results, 
adjusted diluted earnings per share, free cash flow/(use), net 
investment/(debt), EBITDA, adjusted EBITDA, non-GAAP effective tax rate and 
constant currency results. The Company calculates constant currency by 
translating the prior year results at the current year exchange rate. The 
Company uses these non-GAAP financial measures, in addition to GAAP 
financial measures, to evaluate our operating and financial performance and 
to compare such performance to that of prior periods and to the performance 
of our competitors. Also, the Company uses these non-GAAP financial measures 
in making operational and financial decisions and in establishing 
operational goals. The Company also believes providing these non-GAAP 
financial measures to investors, as a supplement to GAAP financial measures, 
helps investors evaluate our operating and financial performance and trends 
in our business, consistent with how management evaluates such performance 
and trends. The Company also believes these non-GAAP financial measures may 
be useful to investors in comparing its performance to the performance of 
other companies, although its non-GAAP financial measures are specific to 
the Company and the non-GAAP financial measures of other companies may not 
be calculated in the same manner. We provide EBITDA and Adjusted EBITDA 
because we believe that investors and securities analysts will find EBITDA 
and adjusted EBITDA to be useful measures for evaluating our operating 
performance and comparing our operating performance with that of similar 
companies that have different capital structures and for evaluating our 
ability to meet our future debt service, capital expenditures, and working 
capital requirements. We are also providing EBITDA and adjusted EBITDA in 
light of issuance of our credit agreement and 8.5% senior notes due 2024. 
For more information, please refer to the section, "Notes for Non-GAAP 
Measures". 
 
*North Canton, July 5, 2017* 
 
Diebold Nixdorf, Incorporated 
 
*Notifying Person: 
Stephen A. Virostek 
Vice President, Investor Relations 
Telephone [phone] 
Facsimile [phone] 
[e-mail]* 
 
Forward-Looking Statements 
 
This ad hoc release contains forward-looking statements within the meaning 
of the Private Securities Litigation Reform Act of 1995, including 
statements regarding anticipated adjusted revenue growth, adjusted internal 
revenue growth, adjusted diluted earnings per share, and adjusted earnings 
per share growth. Statements can generally be identified as forward-looking 
because they include words such as "believes", "anticipates", "expects", 
"could", "should" or words of similar meaning. Statements that describe the 
Company's future plans, objectives or goals are also forward-looking 
statements. Forward-looking statements are subject to assumptions, risks and 
uncertainties that may cause actual results to differ materially from those 
contemplated by such forward-looking statements. The factors that may affect 
the Company's results include, among others: the finalization of the 
Company's financial statements for the three and six months ended June 30, 
2017; the ultimate impact of the domination and profit and loss transfer 
agreement with Diebold Nixdorf AG ("DPLTA") and the outcome of the appraisal 
proceedings initiated in connection with the implementation of the DPLTA; 
the ultimate outcome and results of integrating the operations of the 
Company and Diebold Nixdorf AG; the ultimate outcome of the Company's 
pricing, operating and tax strategies applied to Diebold Nixdorf AG and the 
ultimate ability to realize synergies; the Company's ability to successfully 
launch and operate its joint ventures in China with the Inspur Group and 
Aisino Corp.; the impact of market and economic conditions on the financial 
services industry; the capacity of the Company's technology to keep pace 
with a rapidly evolving marketplace; pricing and other actions by 
competitors; the effect of legislative and regulatory actions in the United 
States and internationally; the Company's ability to comply with government 
regulations; the impact of a security breach or operational failure on the 
Company's business; the Company's ability to successfully integrate 
acquisitions into its operations; the impact of the Company's strategic 
initiatives; and other factors included in the Company's filings with the 
SEC, including its Annual Report on Form 10-K for the year ended December 
31, 2016 and in other documents that the Company files with the SEC. You 
should consider these factors carefully in evaluating forward-looking 
statements and are cautioned not to place undue reliance on such statements. 
The Company assumes no obligation to update any forward-looking statements, 
which speak only as of the date of this ad hoc release. 
 
*###* 
 
05-Jul-2017 CET/CEST The DGAP Distribution Services include Regulatory 
Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
Language: English 
Company:  Diebold Nixdorf, Incorporated 
          5995 Mayfair Road 
          44720 North Canton, OH 
          United States 
Phone:    [phone] 
Fax:      [phone] 
E-mail:   [e-mail] 
Internet: www.diebold.com 
ISIN:     US2536511031 
WKN:      856244 
Listed:   Regulated Market in Frankfurt; Regulated Unofficial Market in 
          Berlin, Munich, Stuttgart, Tradegate Exchange; NYSE 
 
End of Announcement DGAP News Service 
 
589793 05-Jul-2017 CET/CEST 
 
 

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July 05, 2017 08:30 ET (12:30 GMT)