Diebold Nixdorf reported their Q1 2020 financial results, showing revenue of $910.7 million. The company is targeting break-even free cash flow for the full year and delivered stronger-than-expected orders with revenue in line with expectations.
Maintaining adequate liquidity and targeting break-even free cash flow for the full year
GAAP operating loss was $26.0 million, a 6.1% increase, while non-GAAP operating profit was $63.0 million, a 132.4% increase from the prior-year period attributable to effective execution of DN Now initiatives
Targeting incremental cost savings of $80 million - $100 million in addition to the company’s previously announced DN Now savings initiatives
Strong resiliency of operations during COVID-19 crisis and lockdowns
Diebold Nixdorf is targeting break-even free cash flow for the full year and is implementing incremental cost-savings actions.
Visualization of income flow from segment revenue to net income