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Diebold Nixdorf, Incorporated (NYSE: DBD) is a global leader in connected commerce, offering comprehensive software, services, and hardware for both the financial and retail sectors. Headquartered in North Canton, Ohio, the company employs around 21,000 people and operates in over 100 countries. Diebold Nixdorf specializes in automating, digitizing, and transforming the way people bank and shop. The company’s integrated solutions connect digital and physical channels in a secure, efficient manner, serving millions of consumers daily.
For the financial industry, Diebold Nixdorf provides solutions that range from multi-vendor software and security services to advanced cash management systems. The company partners with a majority of the world's top 100 financial institutions, which rely on Diebold Nixdorf's expertise to enhance customer experiences through seamless integration of digital and physical touchpoints.
In the retail sector, Diebold Nixdorf focuses on improving the checkout process through innovative self-service solutions. Their latest project at Stuttgart Airport, Germany, involves the implementation of AI-based age verification technology at self-service checkouts, speeding up transactions and enhancing customer satisfaction.
Diebold Nixdorf is also committed to providing cutting-edge technology for payment processing. Partnering with Bankart in Slovenia, the company is helping to modernize payment capabilities across multiple countries through its Vynamic® Transaction Middleware. This low-code, API-driven technology serves as a robust, scalable platform for both traditional and emerging payment types.
Financially, Diebold Nixdorf continues to demonstrate resilience and growth. The company recently announced its inclusion in the Russell 3000® Index, reflecting its solid market capitalization and broad investor interest. Diebold Nixdorf has also made strategic executive appointments, such as Thomas Timko as EVP and CFO, to further strengthen its financial strategies and global operations.
For more information, visit www.dieboldnixdorf.com, and follow Diebold Nixdorf on social media platforms including LinkedIn, X (formerly Twitter), Facebook, and YouTube.
Diebold Nixdorf (NYSE: DBD) has received a credit rating upgrade from Moody's Ratings, moving from Caa1 to B3 with a positive outlook. This upgrade reflects the company's solid operational execution and expectations for improved annual free cash flow generation. Moody's highlighted Diebold Nixdorf's progress in achieving greater linearity of cash flows and maintaining adequate liquidity through different cycles.
Tom Timko, DBD's CFO, emphasized the company's focus on strengthening its balance sheet and improving operational execution. He noted that DBD had recently paid down $200 million of debt and established a similar-sized revolving credit facility to enhance its capital structure. The company is also working on margin expansion, increasing profitability, and improving free cash flow generation and quarterly linearity.
America First Credit Union has partnered with Diebold Nixdorf (NYSE: DBD) to modernize its payment transactions and ATM offerings. The credit union is the first to implement Vynamic® Transaction Middleware, a cloud-native technology that replaces legacy switch systems. This upgrade allows for faster, more customizable transactions and quick updates to existing services.
The implementation includes features like text and email receipts, personalization settings, card tap authentication, cardless services, and higher transaction limits. Additionally, America First Credit Union has deployed Diebold Nixdorf ATMs, including the DN Series®, which offer real-time video support, cash recycling, and improved security. These enhancements aim to provide members with a more robust transaction experience and the ability to handle nearly all credit union services without leaving their car at certain locations.
Joern Foerster, Diebold Nixdorf's senior vice president of supply chain, has been awarded the 'Leaders in Supply Chain Award 2024' by Alcott Global. The recognition highlights Foerster's leadership in key initiatives aimed at creating a more resilient, regionalized, and digitized supply chain. Notable achievements include:
- Transitioning to a distributed manufacturing model
- Developing new suppliers globally, including near-shoring to North Canton, Ohio
- Optimizing the global supply chain footprint for greater flexibility and reduced goods in transit
Foerster, a 25-year veteran at Diebold Nixdorf, emphasized the team effort behind this success. The award recognizes the top 30 global supply chain leaders annually, based on case study evaluations and votes from over 2,000 C-level executives.
Diebold Nixdorf (NYSE: DBD) has appointed Kathleen Creech as the new executive vice president and chief people officer, effective Sept. 16, 2024. Creech will lead employee-focused initiatives and oversee the global HR strategy for Diebold Nixdorf's 21,000 employees worldwide. With over 30 years of experience in global talent management, Creech brings expertise in total rewards, leadership development, change management, and culture.
Prior to joining Diebold Nixdorf, Creech served as chief people officer for Snap One and Manhattan Associates. She also held HR leadership positions at NCR Corp., Willis Towers Watson, and Northern Trust Retirement Consulting. CEO Octavio Marquez expressed excitement about Creech joining the executive leadership team, citing her experience in cultivating culture for technology organizations and designing people-first strategies.
Diebold Nixdorf (NYSE: DBD) has announced it is the first ATM solution provider ready to support Microsoft Windows 11 IoT Enterprise LTSC 2024 operating system. This version, designed for ATMs, offers enhanced security, speed, and usability for financial institutions. Combined with Diebold Nixdorf's DN Series ATMs and Vynamic software, Windows 11 will be supported through October 2034, providing long-term investment protection.
The move to the latest operating system will help financial institutions meet regulatory compliance standards, including PCI requirements. This development demonstrates Diebold Nixdorf's commitment to innovation and customer support, helping financial institutions navigate upcoming technological changes in the self-service channel.
Diebold Nixdorf (NYSE: DBD) has become the second-largest global supplier of self-service checkouts and the top provider in the EMEA region with a 40% market share, according to RBR Data Services' latest study. The company's self-checkout shipments increased by over 60% in 2023, primarily driven by growth in Europe and North America. This achievement aligns with Diebold Nixdorf's two-year goal set in 2022 to lead the EMEA self-checkout market.
Ilhami Cantadurucu, EVP of Global Retail at Diebold Nixdorf, emphasized the company's focus on expanding its presence in North America and highlighted their innovative portfolio, which includes AI and computer vision technologies for shrink reduction, produce recognition, and age verification, aiming to enhance retailer value and consumer experience.
Diebold Nixdorf (NYSE: DBD), a leader in banking and shopping transformation, has appointed Maura A. Markus and Dr. Colin J. Parris to its board of directors. Markus, former president and COO of Bank of the West, brings over 25 years of experience in banking operations, sales, and marketing. Parris, former SVP and CTO at GE Digital, offers extensive technology expertise, particularly in software and AI. Patrick Byrne, non-executive chair, expressed confidence that their banking and technology sector experience will be valuable assets, accelerating the company's improvement journey and stakeholder value creation.
Diebold Nixdorf (NYSE: DBD), a leader in banking and shopping transformation, has released its 2024 second quarter financial results. The company reports strong performance and has updated its full-year outlook, indicating higher profitability. Detailed financial information and a presentation summarizing the results are available on the company's website.
CEO Octavio Marquez and CFO Tom Timko will discuss the financial performance in a conference call on August 7, 2024, at 8:30 a.m. ET. Investors can access the call replay on Diebold Nixdorf's website for three months following the event. This positive update suggests improved financial health and potential growth for the company in the coming quarters.
Diebold Nixdorf (NYSE: DBD) has equipped a 24/7 grocery store in Freckenfeld, Germany, with two DN Series® EASY eXpress self-service checkouts for cashless payment. The store, 'Dorfladen Freckenfeld - Powered by EDEKA Paul', features an AI-powered automatic age verification system for purchasing age-restricted goods during staffed hours. The Vynamic® Smart Vision I Age Verification solution uses facial analysis to determine customer age. When unstaffed, age-restricted areas require ID card presentation. This innovative concept, operated by Benedikt Paul of the EDEKA Group, aims to provide convenient local shopping in rural areas while enabling cost-effective operation. The self-service technology allows for round-the-clock access to groceries and local products, addressing the need for accessible supplies in rural communities.
Diebold Nixdorf (NYSE: DBD), a leader in banking and shopping technology, will release its 2024 second quarter financial results on August 7, 2024, before the New York Stock Exchange opens. CEO Octavio Marquez and CFO Tom Timko will host a conference call and webcast at 8:30 a.m. ET to discuss the results.
The company will provide a press release summarizing business and financial results, along with a presentation highlighting the period's achievements. These materials will be available on Diebold Nixdorf's Investor Relations website. Investors can access the live call and replay through the same website.
To participate, pre-registration is encouraged at https://events.q4inc.com/attendee/239709325. The call is expected to last about an hour, with dial-in options available for both domestic (833-470-1428) and international (404-975-4839) callers using the conference ID 603860.
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