Diebold's Q1 Results and the Financial Security MarketBy: John Honovich, Published on May 10, 2010
Diebold's Q1 2010 financial results indicate continued challenges for the North America Financial Security market.
In their Earnings Announcement presentation deck [link no longer available] 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."