As discussed in the company's recent press release, Diebold Nixdorf's business offerings have been designated as essential by the
As a result of the company's continued cash management programs and the prudent recent draw down of its revolver facility, Diebold Nixdorf currently has ample liquidity and is strengthening its financial position by accelerating its DN Now cost initiatives and implementing incremental actions.
"We have been hard at work prioritizing the health and safety of our employees, while maintaining outstanding service to customers," said
Additionally, in light of travel restrictions and focus on social distancing, the company has decided to postpone its Investor Day event, previously scheduled for
About Diebold Nixdorf
The company has a presence in more than 100 countries with approximately 22,000 employees worldwide. Visit www.DieboldNixdorf.com for more information.
This press release contains statements that are not historical information are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding potential impact of the ongoing coronavirus (COVID-19) outbreak, anticipated revenue, future liquidity and financial position. Statements can generally be identified as forward looking because they include words such as "believes," "anticipates," "expects," "could," "should" or words of similar meaning. Statements that describe the company's future plans, objectives or goals are also forward-looking statements. Forward-looking statements are subject to assumptions, risks and uncertainties that may cause actual results to differ materially from those contemplated by such forward-looking statements. The factors that may affect the company's results include, among others: the ultimate impact of the ongoing coronavirus (COVID-19) outbreak; the ultimate impact of the appraisal proceedings initiated in connection with the implementation of the domination and profit and loss transfer agreement with
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SOURCE Diebold Nixdorf
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