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Diebold Nixdorf, Inc (DBD) SEC Filing 10-Q Quarterly Report for the period ending Wednesday, June 30, 2021

Diebold Nixdorf, Inc

CIK: 28823 Ticker: DBD


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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:
July 29, 2021

Diebold Nixdorf Reports 2021 Second Quarter Financial Results

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

Key highlights
Strongest demand in four years drives product order growth of 40% YoY
Total company revenue growth of 6.0% YoY
Company adjusts 2021 profit and free cash flow outlook to reflect supply chain inflation

Gerrard Schmid, Diebold Nixdorf president and chief executive officer, said: “Product demand accelerated during the quarter, fueled by market share gains for next-generation DN Series EASY™ self-checkout solutions and DN Series™ ATMs. By delivering our strongest quarterly order book in four years, we are clearly leveraging our differentiated banking and retail solutions. Additionally, we are experiencing strong uptake for our AllConnect℠ Data Engine capabilities, which increase service levels and enable meaningful operating efficiencies. Total revenue increased during the quarter, led by very strong retail growth of 38%. Late in the quarter, we experienced some revenue delays from longer procurement and transport lead times due to developing global supply chain complexities. A tightening supply chain also drove higher freight costs.

"Looking to the second half of the year, we expect solid demand for our solutions and are reiterating our full-year revenue forecast of 3% to 5% growth. At the same time, higher-than-expected inflation for components and logistics lead us to adjust our 2021 outlook for profit and free cash flow. We will continue to work closely with our suppliers to manage global supply chain volatility, execute our cost reduction initiatives and leverage the operating rigor we have developed during our DN Now transformation. We remain committed to delivering strong free cash flow growth as we conclude our DN Now restructuring payments."

Business updates
Expanding market share in Banking, led by DN Series ATMs
Expanded our global business partnership with Santander Group to deliver customer innovation and operating efficiencies with more than 3,000 new ATMs, including DN Series, and maintenance services in the U.S., Brazil, Mexico, Spain, Argentina and Chile
Displaced a competitor’s ATMs with more than 500 cash recyclers for a client in Brazil
Booked sizable wins in Egypt -- collectively valued at nearly $27 million -- for DN Series, Vynamic™ software licenses and maintenance services; one with National Bank of Egypt to support its expansion plans, and with Egypt National Post to further its self-service capabilities
Supplanted a competitor with orders for over 700 DN Series ATMs at a top 10 and top 25 bank in the U.S.
Continuing growth for Retail self-checkout (SCO) solutions
Signed a contract to replace a competitor's SCO solution at a multinational clothing and home products retailer located in the U.K.
Won an initial award at a major European discount apparel and household product retailer to furnish more than 400 SCO devices and maintenance services at locations in Spain and Austria
Securing additional, recurring revenue agreements for Managed Services and Software solutions
Booked a five-year Managed Services contract with a large European bank valued at $24 million
Secured an agreement with A.S. Watson, the world’s largest international health and beauty retailer, to deliver new managed mobility software and services for more than 10,000 inventory devices in stores across Asia and Europe
Signed an agreement valued at nearly $4 million with a large multinational retailer in Sweden to automate checkout and reduce fraud at the SCO counter using artificial intelligence and image recognition
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The following information was filed by Diebold Nixdorf, Inc (DBD) on Thursday, July 29, 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)
Finance Lease Receivables
Finance Lease Receivables (Details)
Finance Lease Receivables (Tables)
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 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: 0000028823-21-000121
Submitted to the SEC: Thu Jul 29 2021 5:22:29 PM EST
Accepted by the SEC: Thu Jul 29 2021
Period: Wednesday, June 30, 2021
Industry: Calculating And Accounting Machines No Electronic Computers

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