WashTec AG - Earnings Release 2017

News Details

Ad-hoc | 7 April 2017 13:50

WashTec AG: WashTec raises full year guidance

WashTec AG / Key word(s): Quarter Results/Change in Forecast

07-Apr-2017 / 13:50 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP – a service of EQS Group AG.

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

With preliminary revenues of EUR 101.2m representing a growth of 31.8% versus 2016 (2016 EUR 76.8m) WashTec has concluded a strong first quarter 2017. As in Q4 2016 the high revenues were driven by a strong key account business. Preliminary EBIT rose to EUR 12.1m as of March 31, 2017 (2016 EUR 3.7m), equalling an EBIT ratio of 12.0% (2016 4.9%). The order intake of the last weeks was above average and the order backlog remains significantly above prior year. The company therefore adjusts its guidance for the full year 2017. WashTec now aims to increase revenues by more than 10% to at least EUR 410m with an EBIT margin of more than 12%.

Contact:

WashTec AG

Corporate Communications

Karoline Kalb

Argonstrasse 7

86153 Augsburg

Tel.: +49 (0)821 – 55 84 – 1134

Fax: +49 (0)821 – 55 84 – 1135

07-Apr-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

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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:	[email protected]
Internet:	www.washtec.de
ISIN:	DE0007507501
WKN:	750750
Indices:	SDAX
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange