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Technology / AI and automation

NIXDORF LOST $75M IN THE FIRST QUARTER OF 1989

The struggle to return to financial health is going to be much longer and harder than Nixdof Computer AG had hoped, and the company on Friday reported that it made a DM148 – $75m pre-tax loss in the first quarter of 1989, and that the trend was continuing this quarter. The losses were on sales up 7%; Nixdorf has reduced its payroll by 1,100 since November, and cost of production is up only 6% against 10% this time last year. It hopes its cost-cutting measures will lead to operating profit in the second half but a full-year profit looks unlikely.

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CBR Staff Writer

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