Wincor Nixdorf share price drops, company announces production cuts

 

Shares in Wincor Nixdorf AG have fallen 3.5 percent and the ATM company says it is preparing to cut production hours. "With its servicing and maintenance contracts on cash registers and ATMs, Wincor looked to be a good bet in the slumping economy and it shares held up pretty well. Now, however, the company appears to be coming under similar pressure as others," a Frankfurt, Germany-based trader says.