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DBD NYSE· Diebold Nixdorf Inc
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DBD NYSE· Diebold Nixdorf Inc
Earnings report Q3 2023

Diebold Nixdorf Reports Strong Revenue Growth in Latest Quarter

Segments of revenue

In the latest quarter, Diebold Nixdorf reported total revenue of $591.8 million. The breakdown of revenue by segment is as follows:

  • Banking: The Banking segment generated $409.0 million in revenue, with $228.4 million coming from services and $180.6 million from products.
  • Retail: The Retail segment contributed $181.1 million in revenue, with $76.0 million from services and $105.1 million from products.
  • Held for sale non-core European retail business: This segment generated $1.7 million in revenue, with $1.1 million from services and $0.6 million from products.

Strengths

Diebold Nixdorf demonstrated strong revenue growth in the latest quarter. The Banking segment saw an increase in revenue compared to the same period last year, driven by higher sales volume and favorable pricing. Additionally, the Retail segment also experienced revenue growth, supported by a favorable mix in sales geography. The company's product sales unit volume performed well, benefiting from favorable pricing and lower logistical costs. Diebold Nixdorf also noted that certain raw material costs, particularly semiconductor chips, normalized during the quarter.

Challenges

Despite the overall revenue growth, the company faced challenges in the form of higher costs and delivery challenges in certain markets, which adversely impacted service margins. Diebold Nixdorf did not provide specific details about these challenges.

Noteworthy

Diebold Nixdorf's revenue performance in the latest quarter was notable, with a significant increase compared to the same period last year. The company's ability to achieve favorable pricing, lower logistical costs, and normalize raw material costs contributed to its strong financial performance.

Summary

Diebold Nixdorf reported robust revenue growth in the latest quarter, driven by strong performance in both the Banking and Retail segments. The company's product sales unit volume benefited from favorable pricing and lower logistical costs, while certain raw material costs, particularly semiconductor chips, normalized. However, the company faced challenges with higher costs and delivery issues in certain markets, impacting service margins. Overall, Diebold Nixdorf's revenue performance reflects its ability to capitalize on market opportunities and effectively manage its operations.

Source documents

Form 10-Q  filed on Nov 09, 2023
97 pages scanned

Reference data

Company financials Q3 revenue 0
Analyst estimates Q3 EPS missed by 0.00%
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