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Jun 30, 2021
Diebold Nixdorf Q2 2021 Earnings Report
Reported second quarter financial results with revenue growth and strong product order growth.
Key Takeaways
Diebold Nixdorf reported a 6.0% YoY increase in total company revenue, driven by strong retail growth. Product demand surged, with a 40% YoY increase in product orders, marking the strongest quarterly order book in four years. The company adjusts 2021 profit and free cash flow outlook to reflect supply chain inflation.
Product demand accelerated during the quarter, fueled by market share gains for next-generation DN Series EASY™ self-checkout solutions and DN Series™ ATMs.
Total revenue increased during the quarter, led by very strong retail growth of 38%.
Experienced some revenue delays from longer procurement and transport lead times due to developing global supply chain complexities.
Higher-than-expected inflation for components and logistics lead to adjust 2021 outlook for profit and free cash flow.
Diebold Nixdorf
Diebold Nixdorf
Forward Guidance
The company is reiterating its full-year revenue forecast of 3% to 5% growth. At the same time, higher-than-expected inflation for components and logistics lead us to adjust our 2021 outlook for profit and free cash flow.
Positive Outlook
- Expect solid demand for our solutions
- Continue to work closely with our suppliers to manage global supply chain volatility
- Execute our cost reduction initiatives
- Leverage the operating rigor we have developed during our DN Now transformation
- Remain committed to delivering strong free cash flow growth as we conclude our DN Now restructuring payments
Challenges Ahead
- Higher-than-expected inflation for components
- Higher-than-expected inflation for logistics
- Revenue delays from longer procurement lead times
- Revenue delays from longer transport lead times
- Tightening supply chain drove higher freight costs