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Diebold Nixdorf, Inc (DBD) SEC Filing 10-Q Quarterly Report for the period ending Wednesday, March 31, 2021

Diebold Nixdorf, Inc

CIK: 28823 Ticker: DBD

Exhibit 99.1
dnlogo041a.jpg
Press Release
Media contact:Investor contact:
Mike Jacobsen, APRSteve Virostek
+1 330 490 3796+1 330 490 6319
michael.jacobsen@dieboldnixdorf.com    steve.virostek@dieboldnixdorf.com
FOR IMMEDIATE RELEASE:
May 10, 2021

DIEBOLD NIXDORF REPORTS 2021 FIRST QUARTER FINANCIAL RESULTS

NORTH CANTON, Ohio - Diebold Nixdorf (NYSE:DBD) today reported its first quarter 2021 financial results.

Key highlights
Solid start to 2021 reinforces full-year outlook
Competitive differentiation and strong product growth leads to YoY revenue growth of 4%
Company is delivering positive operating leverage
GAAP gross profit increased $46.4 million, or 20% YoY, with 400 basis points of margin expansion
Non-GAAP gross profit increased $19.3 million, or 8% YoY, with 110 basis points of margin expansion
GAAP operating profit improved $62.2 million YoY with 670 basis points of margin expansion
Non-GAAP operating profit increased $16 million, or 25% YoY, with 150 basis points of margin expansion

Gerrard Schmid, Diebold Nixdorf president and chief executive officer, said: “We were pleased with our strengthening top-line performance as we delivered value to customers across both Banking and Retail segments. Equally, our first quarter results demonstrate how the transformation of our business model is producing operating leverage with adjusted EBITDA growth that handily exceeded revenue growth. In our Retail business, we continue to see strong momentum for our self-checkout solutions; while in Banking, customer demand for next-generation DN Series™ ATMs and the DN AllConnect℠ Data Engine is accelerating.

"This strong start to the year gives us confidence to reaffirm our 2021 outlook, which includes a balance of top-line growth, margin expansion and strong free cash flow growth to a range of $140 million to $170 million as we conclude our DN Now restructuring payments."

Business updates
Seeing strong demand for self-checkout (SCO) and stable demand for point-of-sale (POS) solutions
Signed a multi-year agreement with French retail group Les Mousquetaires to transform the checkout experience at nearly 2,000 stores in France with next-generation products, services and software
In the U.S., received orders for 3,000 Beetle EPOS units from a top grocer and an initial order to deploy DN Series™ EASY SCO at a leading convenience store retailer operating in major airports and other tourist destinations
Growing evidence of market share gains led by DN Series ATMs
Secured an initial order for more than 400 cash recyclers from a top 10 bank in the United States
In Latin America, received orders from customers in Mexico, Colombia, Peru and Honduras, including an agreement with Banco Nacional de Mexico to deliver approximately 1,200 DN Series ATMs equipped with DN Vynamic™ software licenses and two years of maintenance services
In Eurasia, booked orders with customers in Germany, Spain, South Africa, Egypt and Hong Kong, including a new customer win at a tier 1 bank in Vietnam
Secured Managed Services contracts which generate recurring revenue
Won a five-year contract to be the sole-source supplier at a top 5 bank in the United Kingdom for maintenance, monitoring and help desk services for more than 4,000 self-service terminals
Extended a multi-year contract with the largest private sector bank in India for 1,200 ATMs and increased the scope to include 300 new DN Series ATMs and the DN AllConnect DataEngine
Agreed to a three-year self-service support contract extension with HSBC in Hong Kong covering more than 3,500 terminals
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The following information was filed by Diebold Nixdorf, Inc (DBD) on Monday, May 10, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Diebold Nixdorf, Inc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover
Accumulated Other Comprehensive Income (Loss)
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Parenthetical)
Condensed Consolidated Statements Of Cash Flows (Unaudited)
Condensed Consolidated Statements Of Comprehensive Income (Loss) (Unaudited)
Condensed Consolidated Statements Of Comprehensive Income (Loss) Parentheticals
Condensed Consolidated Statements Of Operations (Unaudited)
Accumulated Other Comprehensive Income (Loss) (Details)
Accumulated Other Comprehensive Income (Loss) (Tables)
Accumulated Other Comprehensive Income (Loss) Reclassification Adjustments (Details)
Basis Of Presentation
Benefit Plans
Benefit Plans (Details)
Benefit Plans (Tables)
Commitments And Contingencies
Commitments And Contingencies (Details)
Debt
Debt (Details)
Debt (Tables)
Debt (Textuals) (Details)
Derivative Instruments And Hedging Activities
Derivative Instruments And Hedging Activities (Details)
Derivative Instruments And Hedging Activities (Tables)
Derivative Instruments And Hedging Activities (Textuals) (Details)
Earning Per Share
Earnings Per Share (Details)
Earnings Per Share (Tables)
Equity
Equity (Details)
Equity (Tables)
Fair Value Of Assets And Liabilities
Fair Value Of Assets And Liabilities (Tables)
Fair Value Of Assets And Liabilities - Fair Value Measurements (Details)
Fair Value Of Assets And Liabilities - Summary Of Liabilities Recorded At Carrying Value (Details)
Goodwill And Other Assets
Goodwill And Other Assets (Details)
Goodwill And Other Assets (Tables)
Goodwill And Other Assets (Textuals) (Details)
Goodwill And Other Assets Schedule Of Intangible Assets (Details)
Guarantees And Product Warranties
Guarantees And Product Warranties (Details)
Guarantees And Product Warranties (Tables)
Income Taxes
Income Taxes (Details)
Inventories
Inventories (Details)
Inventories (Tables)
Investments
Investments (Details)
Investments (Tables)
Investments (Textuals) (Details)
Investments Finance Lease Receivables - Minimum Lease Receivables Schedule (Details)
Investments Investments Finance Lease Receivables (Details)
Redeemable Noncontrolling Interests
Redeemable Noncontrolling Interests (Details)
Redeemable Noncontrolling Interests (Tables)
Redeemable Noncontrolling Interests Redeemable Noncontrolling Interests (Textuals) (Details)
Restructuring
Restructuring (Tables)
Restructuring (Textuals) (Details)
Restructuring - Restructuring Charges By Segment (Details)
Restructuring - Restructuring Charges By Statement Of Income Account (Details)
Restructuring Reserve Activity (Details)
Revenue From Contract With Customer
Revenue From Contract With Customer (Details)
Revenue From Contract With Customer (Tables)
Segment Information
Segment Information (Tables)
Segment Information (Textuals) (Details)
Segment Information - (Details)
Segment Information - Revenue By Service/Product Solution (Details)
Segment Information Segment Information By Revenue Type (Details)
Ticker: DBD
CIK: 28823
Form Type: 10-Q Quarterly Report
Accession Number: 0000028823-21-000081
Submitted to the SEC: Mon May 10 2021 4:13:30 PM EST
Accepted by the SEC: Mon May 10 2021
Period: Wednesday, March 31, 2021
Industry: Calculating And Accounting Machines No Electronic Computers

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