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DE0007507501
Mon, 06.05.2024
WashTec AG
WashTec AG: First-quarter EBIT margin at prior-year level despite slow start to the year
Revenue €100.8m (prior year: €109.2m)
EBIT €5.1m (prior year: €5.5m); EBIT margin 5.1% (prior year: 5.0%)
Free cash flow €9.3m (prior year: €1.9m)
Guidance for fiscal year 2024 confirmed
Augsburg, May 6, 2024 – The WashTec Group generated revenue of €100.8m [ … ]
Wed, 28.02.2024
WashTec AG
The Supervisory Board of WashTec AG today appointed Mr. Michael Drolshagen as the new Chief Technology Officer (CTO) and Chief Executive Officer (CEO) effective May 1, 2024. He succeeds Dr. Ralf Koeppe, whose membership of the Management Board was terminated by mutual agreement on February 29, 2024.
Michael Drolshagen was most recently appointed to [ … ]
Fri, 23.02.2024
WashTec AG
The WashTec Supervisory Board and Dr. Koeppe, Chairman of the Management Board of WashTec AG, today agreed to terminate Dr. Koeppe's Management Board mandate as CEO and CTO prematurely.
Dr. Koeppe had held the position of CTO at WashTec AG since July 1, 2019 and additionally the position of CEO since January 1, 2020. During his tenure as CEO, he su [ … ]
Thu, 08.02.2024
WashTec AG
WashTec AG preliminary figures for 2023:
Expected revenue of €490m higher than prior year (€482m)
Expected EBIT of €42m significantly higher than prior year (€38m); EBIT margin: 9% (prior year: 8%)
Augsburg, February 8, 2024: The WashTec Group has announced that, on preliminary figures, it successfully concluded fiscal year 2023 with an expected [ … ]
Thu, 11.01.2024
WashTec AG
WashTec AG: Strategic changes in the Asia/Pacific region – new setup in Chinese market
Augsburg, January 11, 2024 –WashTec AG has decided on a strategic reorientation of WashTec Group in the Asia/Pacific region. As a result, the majority of WashTec Car Cleaning Equipment (Shanghai) Co., Ltd. (“the Company”) will be sold to former manageme [ … ]
Tue, 19.12.2023
WashTec AG
Change on the Supervisory Board – Dr. Günter Blaschke stepping down after almost 10 years; Ulrich Bellgardt to take over as Chairman
Augsburg, December 19, 2023
The Chairman of the Supervisory Board of WashTec AG, Dr. Günter Blaschke, notified the Company’s Management Board on November 8, 2023 that he will step down from the Supervisory Board effec [ … ]
Thu, 02.11.2023
WashTec AG
WashTec AG: 5.3% revenue growth in first nine months with significant 19.0% increase in EBIT
Group revenue €356.7m in first nine months (prior year: €338.6m) and €120.4m in third quarter (prior year: €118.6m)
Group EBIT €26.9m in first nine months (prior year: €22.6m) and €11.5m in third quarter (prior year: €9.7m)
Free cash flow of €26.8m in fir [ … ]
Thu, 03.08.2023
WashTec AG
WashTec AG: Successful first half-year 2023
Group revenue of €236.2m in first half year, up 7.4% on prior year (€220.0m); revenue of €127.1m in second quarter, up 6.8% on prior year (€119.0m)
Group EBIT of €15.4m in first half year, up 19.4% on prior year (€12.9m); EBIT of €9.9m in second quarter, up 19.3% on prior year (€8.3m)
Half-yea [ … ]
Thu, 03.08.2023
WashTec AG
WashTec AG: Successful first half-year 2023
Group revenue of €236.2m in first half year, up 7.4% on prior year (€220.0m); revenue of €127.1m in second quarter, up 6.8% on prior year (€119.0m)
Group EBIT of €15.4m in first half year, up 19.4% on prior year (€12.9m); EBIT of €9.9m in second quarter, up 19.3% on prior year (€8.3m)
Half-yea [ … ]
Wed, 10.05.2023
WashTec AG
WashTec AG, with its registered office in Augsburg, announces the tender for the audit of the annual and consolidated financial statements of WashTec AG and the combined management report as well as the annual financial statements of subsidiaries included in the consolidated financial statements for fiscal year 2024. This also includes the review o [ … ]