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DE0007507501
Wed, 06.11.2024
WashTec AG
Revenue €334.2m in first nine months (prior year: €356.7m) and €114.1m in third quarter (prior year: €120.4m)
EBIT €27.6m in first nine months (prior year: €26.9m) and €10.9m in third quarter (prior year: €11.5m)
Free cash flow of €25.0m in first nine months (prior year: €26.8m).
Guidance for fiscal year 2024 confirmed in its entirety; revenue e [ … ]
Mon, 05.08.2024
WashTec AG
WashTec AG: EBIT up 7.8% despite lower revenue
Revenue €220.2m in first half year (prior year: €236.2m) and €119.4m in second quarter (prior year: €127.1m)
EBIT €16.6m in first half year (prior year: €15.4m) and €11.5m in second quarter (prior year: €9.9m)
Half-year free cash flow of €20.1m (prior year: €6.5m)
Guidance for fiscal year [ … ]
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, 27.03.2024
WashTec AG
New revenue record and substantial 10.3% increase in EBIT with significant rise in free cash flow to €46.1m
Revenue €489.5m, prior year: €482.2m
EBIT €41.9m, prior year: €38.0m; EBIT margin 8.6%, prior year: 7.9%
Free cash flow €46.1m, prior year: €16.2m
Dividend proposal: €2.20
Augsburg, March 27, 2024 – The WashTec Group achieved a new re [ … ]
Wed, 27.03.2024
WashTec AG
New revenue record and substantial 10.3% increase in EBIT with significant rise in free cash flow to €46.1m
Revenue €489.5m, prior year: €482.2m
EBIT €41.9m, prior year: €38.0m; EBIT margin 8.6%, prior year: 7.9%
Free cash flow €46.1m, prior year: €16.2m
Dividend proposal: €2.20
Augsburg, March 27, 2024 – The WashTec Group achieved a new re [ … ]
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 [ … ]