DGAP-Adhoc: Diebold Nixdorf, Incorporated: Reports 2019 Fourth Quarter And Full-year Financial Results

DGAP-Ad-hoc: Diebold Nixdorf, Incorporated / Key word(s): Annual 
Results/Quarter Results 
Diebold Nixdorf, Incorporated: Reports 2019 Fourth Quarter And Full-year 
Financial Results 
 
11-Feb-2020 / 13:03 CET/CEST 
Disclosure of an inside information acc. to Article 17 MAR of the Regulation 
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
 
*February 11, 2020 - North Canton, Ohio, United States of America* - Diebold 
Nixdorf, Incorporated (ISIN: US2536511031, the "Company") announced today 
its financial results for 2019. 
 
- Q4 GAAP gross profit was $270.4 million, with GAAP gross margin expanding 
from 16.3% to 23.5% year-over-year; non-GAAP gross profit was $303.1 
million, with non-GAAP gross margin increasing from 23.3% to 26.3% 
year-over-year 
 
- GAAP net loss for Q4 was $122.6 million and was essentially unchanged from 
the prior-year period; adjusted EBITDA in Q4 was $130.9 million, an increase 
of 5.3% from the prior-year quarter 
 
- On a full-year basis, net cash provided by operating activities was $135.8 
million, a year-over-year improvement of $239.9 million; full-year free cash 
flow of $92.9 million improved by $255.5 million 
 
- Q4 revenue of $1.2 billion decreased 10.7% as-reported and decreased 9.4% 
in constant currency, reflecting a strong Q4 2018, the impact of 
divestitures and other deliberate actions to improve the quality of revenue; 
full-year revenue was $4.4 billion, down 3.7% on an as-reported basis and 
down 0.4% in constant currency 
 
- Q4 GAAP loss per share was $1.60, or earnings of $0.47 per share on a 
non-GAAP basis; full-year GAAP loss per share was $4.45, or a loss of $0.14 
per share on a non-GAAP basis 
 
For 2020 through 2021, the Company increased its savings target from $400 
million to $440 million. 
 
*Non-GAAP Financial Measures and Other Information* 
To supplement the Company's 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 the Company's operating and financial 
performance and to compare such performance to that of prior periods and to 
the performance of the Company's 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 the Company's operating and 
financial performance and trends in the Company's 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. The Company provides EBITDA and adjusted EBITDA because the Company 
believes that investors and securities analysts will find EBITDA and 
adjusted EBITDA to be useful measures for evaluating the Company's operating 
performance and comparing the Company's operating performance with that of 
similar companies that have different capital structures and for evaluating 
the Company's ability to meet the Company's future debt service, capital 
expenditures and working capital requirements. The Company is also providing 
EBITDA and adjusted EBITDA in light of the Company's credit agreement and 
8.5% senior notes due 2024. For additional information regarding the 
Company's use of non-GAAP financial measures, please refer to the Company's 
financial statements as published under 
https://investors.dieboldnixdorf.com/. 
 
North Canton, February 11, 2020 
Diebold Nixdorf, Incorporated 
 
Notifying Person: 
Stephen A. Virostek 
Vice President, Investor Relations 
Telephone [phone] 
Facsimile [phone] 
[e-mail] 
 
*Forward-Looking Statements* 
This ad hoc notice 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 ultimate impact of the 
appraisal proceedings initiated in connection with the implementation of the 
domination and profit and loss transfer agreement with former Diebold 
Nixdorf AG and the merger squeeze-out; the success of the Company's new 
products, including the Company's DN Series line; the Company's ability to 
successfully operate its strategic alliances in China; the changes in 
political, economic or other factors such as interest rates, currency 
exchange rates, inflation rates, recessionary or expansive trends, taxes and 
regulations and laws affecting the worldwide business in each of the 
Company's operations; the Company's reliance on suppliers and any potential 
disruption to the Company's global supply chain; changes in the Company's 
relationships with customers, suppliers, distributors and/or partners in its 
business ventures; the impact of market and economic conditions, including 
any additional deterioration and disruption in the financial and service 
markets, including the bankruptcies, restructurings or consolidations of 
financial institutions, which could reduce the Company's customer base 
and/or adversely affect the Company's customers' ability to make capital 
expenditures, as well as adversely impact the availability and cost of 
credit; the acceptance of the Company's product and technology introductions 
in the marketplace; competitive pressures, including pricing pressures and 
technological developments; 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 achieve benefits 
from its cost-reduction initiatives and other strategic initiatives, such as 
DN Now, including its planned restructuring actions, as well as its business 
process outsourcing initiative; unanticipated litigation, claims or 
assessments, as well as the outcome/impact of any current/pending 
litigation, claims or assessments; the Company's success in divesting, 
reorganizing or exiting non-core and/or non-accretive businesses; changes in 
the Company's intention to further repatriate cash and cash equivalents and 
short-term investments residing in international tax jurisdictions, which 
could negatively impact foreign and domestic taxes; the Company's ability to 
maintain effective internal controls; the Company's ability to comply with 
covenants contained in the agreements governing its debt; the investment 
performance of the Company's pension plan assets, which could require the 
Company to increase its pension contributions, and significant changes in 
healthcare costs, including those that may result from government action; 
the amount and timing of repurchases of the Company's common shares, if any; 
the Company's ability to successfully refinance its debt when necessary or 
desirable; 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, 
2018 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 to the date of this ad hoc notice. 
 
11-Feb-2020 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.dieboldnixdorf.com 
ISIN:        US2536511031 
WKN:         856244 
Listed:      Regulated Market in Frankfurt; Regulated Unofficial Market in 
             Berlin, Munich, Stuttgart, Tradegate Exchange; NYSE 
EQS News ID: 972651 
 
End of Announcement DGAP News Service 
 
972651 11-Feb-2020 CET/CEST 
 
 

(END) Dow Jones Newswires

February 11, 2020 07:03 ET (12:03 GMT)