Diebold Nixdorf officially emerges from financial restructuring. Shares relisting on NYSE beginning Monday, Aug. 14.

Diebold Nixdorf confirmed that it has completed its financial restructuring and has emerged from the related Chapter 11 and Dutch proceedings as anticipated per the company’s previous announcement on Aug. 9. „We expect that new shares in the emerged company will begin trading on the New York Stock Exchange (NYSE) under the symbol „DBD” on Monday, Aug. 14.” the company says in a press release.

Octavio Marquez, Diebold Nixdorf chairman, president and chief executive officer, said: „This is a landmark day for Diebold Nixdorf and begins a new chapter as we have successfully completed our debt restructuring and emerge as a financially stronger company. Now, we are well-positioned to drive solid performance with an optimized balance sheet, more liquidity and less debt – creating the foundation needed for long-term success. We thank our banking and lending partners for their support through the process. We are very excited about what we will be able to accomplish moving forward, as we deliver best-in-class solutions to our customers and create value for our stakeholders, focused on positioning Diebold Nixdorf for success with continued investments in our people and products.„

Marquez continued, „From a business perspective, we performed well in the second quarter with results reflecting continued demand for our self-service and automation solutions in Banking and Retail, as well as the operational improvements we have implemented over the past year. We are very grateful to our customers for continuing to trust and support our company as we worked through our debt restructuring. They have stood by our side, maintaining trust in our relationship and valuing the industry-leading solutions we provide. In addition, we are thankful for the ongoing partnership with our suppliers during this time and are very proud of our employees, who remain focused on operational execution and delivered meaningful year-over-year improvements during the quarter.”

Key Quarterly Highlights
. Operational execution leads to year-over-year improvement across key financial metrics
. Total revenue of $922.2 million, representing an 8.3% increase from the prior-year period
. Gross profit of $225.2 million, a 40.0% improvement from the prior-year period; non-GAAP gross profit of $227.9 million improved 8.6% from the prior-year period
. Gross margin of 24.4% improved 550 bps from the prior-year period; non-GAAP gross margin of 24.8% was consistent with the prior-year period

Business Highlights
Banking
. Revenue growth primarily driven by continued demand for our market-leading DN Series® and integrated cash recycling solutions. Shipped ~14,700 units during the quarter.
. Won a service and support agreement valued at more than $8 million with one of the largest private banks in Turkey.
. Achieved a service renewal agreement for nearly $7 million with one of the two largest banks in Thailand.
. Secured an ATMaaS agreement valued at nearly $5 million with a major European financial institution’s ATM operations in France.
Retail
. Retail checkout and service solutions, including self-checkout systems, generated consistent demand.
Shipped ~7,300 SCO units during the quarter.
. Strong activity in services during the quarter, including a five-year, $24 million agreement with a major supermarket chain’s operations located in Great Britain, and a three-year, $9 million agreement covering a major retailer’s 1,500 stores in Spain.
. Significant EPOS wins during the period, including ~$12 million in total orders from two major supermarket chains, including an ~$8 million order with a new customer in the APAC region.

Company hosting investor call Monday, Aug. 14
As previously announced, Mr. Marquez and Jim Barna, executive vice president and chief financial officer, will share more information during a conference call with investors Monday, Aug. 14 at 8:00 a.m. ET. The call / webcast and supporting materials will be available at https://investors.dieboldnixdorf.com/news-and-events/events-andpresentations/default.aspx. A replay of the webcast can be accessed on the website for up to three months after the call.

Diebold Nixdorf’s common stock that was outstanding prior to the restructuring process was canceled upon the company’s emergence from the Chapter 11 restructuring process today, and holders thereof will not receive any recovery. In connection with that cancellation, such common stock will be delisted from the Frankfurt Stock Exchange.

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Diebold Nixdorf, Incorporated automates, digitizes and transforms the way people bank and shop. As a partner to the majority of the world’s top 100 financial institutions and top 25 global retailers, our integrated solutions connect digital and physical channels conveniently, securely and efficiently for millions of consumers each day. The company has a presence in more than 100 countries with approximately 21,000 employees worldwide.