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RNS - WashTec AG: Revenue growth of 7.9%, EBIT slightly below prior year and significant increase in free cash flow

Company: WashTec AG Date: 2025-05-06 Language: English Register to download

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 News Details 

Corporate | 6 May 2025 07:00

#   

WashTec AG: Revenue growth of 7.9%, EBIT slightly below prior year and significant increase in free cash flow

WashTec AG / Key word(s): Quarter Results  

WashTec AG: Revenue growth of 7.9%, EBIT slightly below prior year and significant increase in free cash flow  

  

06.05.2025 / 07:00 CET/CEST  

The issuer is solely responsible for the content of this announcement.  

  

- - -

-   **Revenue €108.8m | prior year: €100.8m**
-   **EBIT €4.9m | prior year: €5.1m** **; EBIT margin 4.5% | prior year: 5.1%**
-   **Free cash flow €16.5m | prior year: €9.3m**
-   **Guidance for fiscal year 2025 confirmed**

  

  

Augsburg, May 6, 2025 – The WashTec Group generated **revenue** of €108.8m in the first three months, up 7.9% on the prior year (€100.8m). This mainly reflects increased revenue across all business lines in the Europe and other segment, while revenue in the North America segment was on the prior year due to lower equipment sales, primarily to key accounts.  

  

**EBIT** in the first three months amounted to €4.9m, slightly down on the prior year (€5.1m). The EBIT margin was 4.5% (prior year: 5.1%). The fall in revenue in North America had a negative impact on EBIT performance in the segment and in the Group as a whole.  

  

At €16.5m, the WashTec Group’s **free cash flow** for the first three months was significantly higher than in the prior year (€9.3m), mainly due to the positive development in terms of net operating working capital.  

  

**Equipment orders** **received** in the first quarter were significantly higher than in the prior-year quarter. This positive trend cut across all segments and all customer groups. Due to the higher orders received, the **order backlog** at the end of March was also up on last year in both the Europe and other and the North America segments.  

  

The WashTec Group confirms its **guidance** for fiscal year 2025. The forecast is based on the assumption that the current global trade conflict will not have a significant negative impact on investment behavior in the carwash market.  

  

*“In recent months, we have worked intensively on realigning our corporate strategy from a system manufacturer to a solution provider. The strong sales in the first quarter of 2025 and the significant increase in order intake are clear signs that we are on the right track. In the coming months, we need to realize the progress made in terms of profitability”* explained Michael Drolshagen, CEO of WashTec AG.  

  

The full Q1 statement and further information about WashTec can be found on the WashTec: [Investor Relations Website](https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=ce8461376bb9a8b1aabccfe70f5dfe4d&application_id=2130330&site_id=airport_aws~~~7cc68db1-74de-43c8-af69-2ae0a97efdc3&application_name=news) [.](https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=ce8461376bb9a8b1aabccfe70f5dfe4d&application_id=2130330&site_id=airport_aws~~~7cc68db1-74de-43c8-af69-2ae0a97efdc3&application_name=news)  

  

About WashTec:  

The WashTec Group, based in Augsburg, Germany, is the leading provider of innovative carwash solutions. WashTec employs around 1,800 people worldwide and has subsidiaries in the markets of Europe, North America and Asia/Pacific. WashTec is also represented by independent distributors in around 80 countries.  

  

  

**Key figures:**  

|     |     |     |     |
| --- | --- | --- | --- |
| ***€m, IFRS*** | **Q1 2025** | **Q1 2024** | **Change in %** |
| Revenue | 108.8 | 100.8 | 7.9 |
| EBIT | 4.9 | 5.1 | \-3.9 |
| EBIT margin in % | 4.5 | 5.1 | \-60bps |
| Net income | 2.9 | 3.1 | \-6.5 |
| Earnings per share 1 (€) | 0.22 | 0.23 | \-6.5 |
| Free cash flow | 16.5 | 9.3 | 77.4 |

  

bp: basis point (1/100th of a percentage point)  

|     |     |     |     |
| --- | --- | --- | --- |
| ***€m, IFRS*** | **31.03.25** | **31.12.24** | **Change abs.** |
| Balance sheet total | 277.8 | 279.7 | \-1.9 |
| Equity | 90.3 | 88.5 | 1.8 |
| Equity ratio (%) | 32.5 | 31.7 | 0.8 |
| Net operating working capital 2 | 81.6 | 94.0 | \-12.4 |

  

1 Basis: average of 13,382,324 shares; basic = diluted  

2 Trade receivables (including other receivables) + inventories − trade payables − prepayments on orders  

  

  

  

Contact:  

WashTec AG  

Argonstrasse 7  

86153 Augsburg  

  

Mailto: ir@washtec.com

  

- - -

06.05.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group.  

The issuer is solely responsible for the content of this announcement.  

  

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.  

Archive at www.eqs-news.com  

- - -

|     |     |
| --- | --- |
| Language: | English |
| Company: | WashTec AG |
|     | Argonstraße 7 |
|     | 86153 Augsburg |
|     | Germany |
| Phone: | +49 (0)821 / 55 84-0 |
| Fax: | +49 (0)821 / 55 84-1135 |
| E-mail: | washtec@washtec.de |
| Internet: | www.washtec.de |
| ISIN: | DE0007507501 |
| WKN: | 750750 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 2130330 |

  

|     |     |
| --- | --- |
|     |     |
| End of News | EQS News Service |

- - -

2130330  06.05.2025 CET/CEST

![](https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=2130330&application_name=news&site_id=airport_aws~~~7cc68db1-74de-43c8-af69-2ae0a97efdc3)