WASHINGTON (dpa-AFX) - Diebold Nixdorf (DBD) reported fourth quarter adjusted operating profit of $130 million, up 50.5% from a year ago. Adjusted EBITDA was $144 million, an increase of 38.2%. Fourth quarter revenue was $1.04 billion, up 7.6% from a year ago. The company said higher revenue and gross margin expansion is flowing through to the bottom line, resulting in improved year-over-year growth in profitability.
For fiscal 2024, the company expects: adjusted EBITDA in a range of $410 million - $435 million; and low single-digit growth in total revenue.
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