Diebold's Q1 Results and the Financial Security Market
Author: John Honovich, Published on May 10, 2010Diebold's Q1 2010 financial results indicate continued challenges for the North America Financial Security market.
In their Earnings Announcement presentation deck and Q1 call transcript, the following key points are made:
- Security market revenue down 8% in Q1 2010 (from $158 Million in Q1 2009 down to $145 Million in Q1 2010)
- "The financial security market remains depressed as new brands construction continues to lag behind previous norms."
- "Enterprise security, mainly in Government & Commercial, provides potential for growth"
- "I would say is certainly in the US bank market as I mentioned, the bank branch construction which has a big impact on our security business is still very, very weak."
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