DGAP-Adhoc: Diebold Nixdorf, Incorporated Reaffirms 2019 Outlook, provides guidance for 2020 and 2021
2019. december 12., csütörtök, 14:00
DGAP-Ad-hoc: Diebold Nixdorf, Incorporated / Key word(s): Forecast December 12, 2019 - North Canton, Ohio, United States of America - Diebold Nixdorf, Incorporated (ISIN: US2536511031, the "Company") announced today that it is reaffirming its 2019 financial outlook, while providing guidance for 2020 and targets for 2021. For 2019, the Company"s reaffirmed outlook is as follows: - Total revenue of approximately $4.4 billion; - Adjusted EBITDA of $400 million to $410 million, which represents 25% to 28% growth over 2018; - Net cash provided by operating activities of $120 million to $150 million; - Capital expenditures of approximately $50 million; and - Free cash flow of $70 million to $100 million. For 2020, the Company"s guidance is: - $4.2 billion to $4.3 billion of revenue, approximately flat on a constant currency basis and after accounting for an approximate $100 million reduction from divestitures; - Adjusted EBITDA of $430 million to $470 million, which includes a modest impact from divestitures; - Net cash provided by operating activities of $170 million to $200 million, representing growth of approximately 30% to 40% from the 2019 outlook; - Capital expenditures of approximately $70 million, including growth capital and internal systems investments; - Free cash flow of $100 million to $130 million; and - Leverage ratio in the mid-3x"s by the end of 2020, a decrease from the mid-4x"s at year-end 2019. For 2021, the Company is targeting: - Revenue growth towards the low end of its previously announced range of 2 - 4%; - Adjusted EBITDA margin is now in excess of 12%; - Free cash flow of greater than $200 million; and - Leverage ratio of less than 3x and return on invested capital in the mid-teens. The Company expects to report its 2019 fourth quarter and full-year financial results in mid-February 2020. Non-GAAP Financial Measures and Other Information For 2020 adjusted EBITDA, the Company expects its DN Now transformation initiatives to yield approximately $130 million of gross savings. Partially offsetting these gains in 2020, the Company expects typical inflation, certain non-recurring items and a modest impact from near-term divestitures and related actions. In addition, the 2020 outlook includes incremental investments in future revenue growth opportunities. Free cash flow is a non-GAAP financial measure defined as net cash provided by operating activities less capital expenditures. The leverage ratio is a non-GAAP financial measure defined as net debt to trailing 12 months adjusted EBITDA. Return on invested capital (ROIC) is a non-GAAP financial measure defined as tax-affected non-GAAP operating profit divided by invested capital. For additional information regarding the Company"s use of non-GAAP financial measures, please refer to the Company"s financial statements as published under https://investors.dieboldnixdorf.com/. North Canton, December 12, 2019 Notifying Person: Forward-Looking Statements
|
Language: | English |
Company: | Diebold Nixdorf, Incorporated |
5995 Mayfair Road | |
44720 North Canton, OH | |
United States | |
Phone: | +1 330 490 6046 |
Fax: | +1 330 490 4450 |
E-mail: | elizabeth.radigan@dieboldnixdorf.com |
Internet: | www.dieboldnixdorf.com |
ISIN: | US2536511031 |
WKN: | 856244 |
Listed: | Regulated Market in Frankfurt; Regulated Unofficial Market in Berlin, Munich, Stuttgart, Tradegate Exchange; NYSE |
EQS News ID: | 934655 |
End of Announcement | DGAP News Service |
934655 12-Dec-2019 CET/CEST
Közzétételek - archívum
-
» DGAP-Adhoc: TRATON SE: TRATON und Navistar einig über Fortsetzung der Gespräche
[2020.10.16. 18:43]
-
» DGAP-Adhoc: TRATON SE: TRATON and Navistar agreement in principle
[2020.10.16. 18:43]
-
» EQS-News: International Cannabis Company Kaya Holdings, Inc. Enters into Strategic Partnership with U.S.-Israeli Cannabis Innovation Lab
[2020.07.22. 15:00]
-
» EQS-News: International Cannabis Company Kaya Holdings, Inc. and Greek Joint Venture Partner to Launch "Cannamo(TM)" Brand of CBD Pet Products
[2020.07.08. 17:15]
-
» DGAP-News: EQS Group AG veröffentlicht Ergebnisse für das 3. Quartal und senkt Prognose für das Geschäftsjahr 2019
[2019.11.14. 19:15]
-
» DGAP-News: EQS Group AG publishes third quarter results and lowers forecast for the 2019 financial year
[2019.11.14. 19:15]
-
» DGAP-Adhoc: EQS Group AG publishes third quarter results and lowers forecast for the 2019 financial year
[2019.11.14. 18:50]