Diebold Nixdorf Continues Care for the Safety of Ukraine Team Members and Families; Shipments and Sales into Russia Have Been Suspended Since Beginning of Crisis

Rhea-AI Summary

Diebold Nixdorf (NYSE: DBD) expresses its commitment to the safety of team members in Ukraine amid ongoing conflict, having suspended all shipments and sales to Russia since the crisis began. The company complies with U.S. and EU sanctions and maintains communication with affected employees and customers. In its recent Form 10-K, it reported that revenue from Russia and Ukraine accounted for approximately 2% of total revenue in 2021. Furthermore, the Diebold Nixdorf Foundation is supporting international relief efforts through Doctors Without Borders.

Positive

• Commitment to employee safety in Ukraine.
• Compliance with U.S. and EU sanctions.

Negative

• Suspension of shipments and sales to Russia may impact future revenue.
• Revenue from Russia and Ukraine was only 2% of total revenue, indicating limited exposure.

HUDSON, Ohio, March 17, 2022 /PRNewswire/ -- Diebold Nixdorf (NYSE: DBD) continues efforts to care for the safety of team members and their families in Ukraine and stands resolutely with its global neighbors for a swift and peaceful resolution to the crisis in the region. Since the beginning of the crisis, the company has suspended shipments and sales of any kind into Russia.

As a company headquartered in the United States with extensive business in the European Union (EU), Diebold Nixdorf is required to adhere to any economic sanctions, trade laws and other guidelines that have been set forth by the U.S. and EU governments. The company has been communicating regularly with employees and customers impacted by the crisis across the region while adhering to all applicable requirements. Additionally, as previously announced, the Diebold Nixdorf Foundation is supporting Doctors Without Borders in support of international relief efforts.

As disclosed in its recently filed Form 10-K, Diebold Nixdorf's combined revenue for Russia and Ukraine represented approximately 2% of the company's total reported revenue for 2021.

About Diebold Nixdorf
Diebold Nixdorf, Incorporated (NYSE: DBD) is a world leader in enabling connected commerce. They automate, digitize and transform 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, their 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 22,000 employees worldwide. Visit www.DieboldNixdorf.com for more information.

Twitter: @DieboldNixdorf 
LinkedIn: www.linkedin.com/company/diebold 
Facebook: www.facebook.com/DieboldNixdorf 
YouTube: www.youtube.com/dieboldnixdorf

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SOURCE Diebold Nixdorf, Incorporated

FAQ

What measures has Diebold Nixdorf taken regarding the crisis in Ukraine?

Diebold Nixdorf has suspended all shipments and sales to Russia and is focused on the safety of its team members in Ukraine.

What percentage of Diebold Nixdorf's revenue came from Russia and Ukraine in 2021?

In 2021, revenue from Russia and Ukraine represented approximately 2% of Diebold Nixdorf's total revenue.

How is Diebold Nixdorf supporting relief efforts in Ukraine?

Diebold Nixdorf Foundation is supporting international relief efforts through Doctors Without Borders.

Is Diebold Nixdorf complying with U.S. and EU sanctions?

Yes, Diebold Nixdorf is adhering to all applicable U.S. and EU sanctions and trade laws.