26 July 2016
Find out more

Diebold moves into the red on Emea restructuring charge

25 April 2007  |  4578 views  |  0 Diebold

Financial self-services vendor Diebold has recorded a Q1 net loss of $5.9 million after taking a $.32 earnings per share restructuring charge over the closure of a manufacturing plant in Fance.

The shuttering of the French plant was first announced by the vendor back in April last year, but has been held up by legal wrangles with labour unions. The US firm says it finalised an agreement with the union at the end of last month and switched Emea production to a new facility in Hungary.

The company says it is on target to produce approximately 10,000 ATMs in Hungary in 2007.

The net loss of $5.9 million compares to net income of $12.7 million in the year ago period. First quarter revenue was up 0.8% to $628.4 million. The company performed well in sales to financial services firms, up 6.1% across self-service and security, but suffered from problems in its electoral voting business.

Shares in the firm moved down by 1.3% to $48.68 as investors expressed disappointment at management's failure to reach a decision on the possible sale of its electoral unit.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Diebold in legal battle with union over closure of French ATM facility

Diebold in legal battle with union over closure of French ATM facility

30 January 2007  |  31724 views  |  0 comments
Diebold reports China post office deal

Diebold reports China post office deal

15 September 2006  |  4138 views  |  0 comments
Diebold releases branch-based fingerprint scanning system

Diebold releases branch-based fingerprint scanning system

07 September 2006  |  7455 views  |  0 comments
SEC probes Diebold

SEC probes Diebold

08 August 2006  |  6252 views  |  0 comments
Diebold's Q2 profit falls 46%

Diebold's Q2 profit falls 46%

25 July 2006  |  4470 views  |  0 comments
First National Bank buys 500 Diebold ATMs

First National Bank buys 500 Diebold ATMs

21 June 2006  |  5110 views  |  0 comments
Argentina's Banco Rio signs for Diebold ATMs

Argentina's Banco Rio signs for Diebold ATMs

24 May 2006  |  4015 views  |  0 comments
Diebold terminates IT outsourcing deal

Diebold terminates IT outsourcing deal

17 May 2006  |  6259 views  |  0 comments
Diebold's Q1 profit plummets; to shut French ATM facility

Diebold's Q1 profit plummets; to shut French ATM facility

25 April 2006  |  4672 views  |  0 comments
Al Rajhi Bank signs for Diebold biometric ATMs

Al Rajhi Bank signs for Diebold biometric ATMs

20 March 2006  |  10614 views  |  0 comments
Diebold acquires Genpass ATM services unit

Diebold acquires Genpass ATM services unit

28 February 2006  |  6836 views  |  0 comments
Diebold overhauls IT function

Diebold overhauls IT function

07 February 2006  |  7214 views  |  0 comments
Chase signs for Diebold ATMs

Chase signs for Diebold ATMs

05 January 2006  |  5649 views  |  0 comments
BNP Paribas to roll out Diebold talking ATMs

BNP Paribas to roll out Diebold talking ATMs

15 December 2005  |  5904 views  |  0 comments
Diebold CEO O'Dell resigns

Diebold CEO O'Dell resigns

13 December 2005  |  5390 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit capgemini.comVisit VocaLink.comVisit www.abe-eba.eu

Who is commenting?

Top topics

Most viewed Most shared
MasterCard agrees £700m VocaLink acquisitionMasterCard agrees £700m VocaLink acqu...
9015 views 14 comments | 32 tweets | 37 linkedin
satelliteContactless Bitcoin startup Plutus Tap &am...
8963 views comments | 9 tweets | 3 linkedin
hands typing furiouslyBanking on IoT: Security in the Internet o...
8626 views 3 | 21 tweets | 7 linkedin
Santander doubles down on fintech fundSantander doubles down on fintech fund
7956 views comments | 22 tweets | 28 linkedin
Apps crush internet for UK banking loginsApps crush internet for UK banking logins
7312 views comments | 17 tweets | 24 linkedin

Featured job


Brussels (Belgium) or Paris (France)

Find your next job