WashTec AG — Interim / Quarterly Report 2013

Aug 7, 2013

H1 2013

Group Management Report on the period from January 1 to June 30, 2013 Unaudited translation for convenience purposes only

Revenues and earnings in first half-year below prior year; order intake and backlog per end of June higher than prior year

• Revenues at € 139.9m (prior year: € 142.6m); EBIT at € 2.8m (prior year: € 5.8m after correction per IAS 8)
• Order intake and order backlog per end of June higher than prior year: for 2013, revenue target is at prior year level with EBIT margin of five to six percent (of revenue)
• Net cash flow at € 7.7m (prior year: € 11.1)

Rounding differences are possible	Jan 1 to		Jan 1 to	Change
			Jun 30 2013 Jun 30 2012*	absolute
Revenues €m	139.9		142.6	–2.7
EBITDA €m		7.7	10.7	–3.0
EBIT €m		2.8	5.8	–3.0
EBIT margin %		2.0	4.1	–2.1
EBT €m		2.2	4.9	–2.7
Employees as of June 30	1,657		1,644	13
Average number of shares			13,935,914 13,976,970	–41,056
Earnings per share**	€	0.06	0.21	–0.15
Net cash flow €m		7.7	11.1	–3.4
Investments €m		2.9	2.3	0.6

* Comparative figures adjusted per IAS 8, see item 3 in the notes to the consolidated financial statements ** Diluted = undiluted

Rounding differences are possible		Apr 1 to	Apr 1 to	Change
			Jun 30 2013 Jun 30 2012*	absolute
Revenues	€m	74.6	75.9	–1.3
EBITDA	€m	6.5	8.2	–1.7
EBIT	€m	4.1	5.7	–1.6
EBIT margin	%	5.5	7.5	–2.0
EBT	€m	4.0	5.2	–1.2
Average number of shares		13,932,312 13,976,970		–44,658
Earnings per share**	€	0.17	0.25	–0.08

* Comparative figures adjusted per IAS 8, see item 3 in the notes to the consolidated financial statements

** Diluted = undiluted

Interim Group Management Report for the Period from January 1 to June 30, 2013

	1. Results of operation, financial position and net assets . 4
	1.1 Business and earnings situation . 6
	1.2 Net assets 9
	1.3 Financial position . 10
	1.4 Miscellaneous 11
2.	Opportunities and risks for group development 12
3.	Forecast . 13

Interim Condensed Consolidated Financial Statements for the Period from January 1 to June 30, 2013

Consolidated Income Statement 14
Consolidated Statement of Comprehensive Income . 15
Consolidated Balance Sheet . 16
Consolidated Cash Flow Statement . 17
Statement of Changes in Consolidated Equity . 18
Notes to the Interim Condensed Consolidated Financial
Statements of WashTec AG (IFRS) for the Period from
January 1 to June 30, 2013 19
Responsibility Statement . 28
Review Report . 29

Interim Group Management Report

1. Results of operation, net assets and financial position

General conditions in Core Europe unchanged, North America profitable after successful turnaround

General conditions

The unresolved debt crisis continues to impact the Eurozone economy. High unemployment rates in a number of countries present additional problems. Moreover, concern persists about slower growth in the Chinese economy, which has been the key driver behind global economic output in the previous periods. On the other hand, the economy in North America has recovered, and its mid and long-term outlook is favorable.

No market recovery in Core Europe Market decline above all in Germany and France

The market for carwash equipment in Europe did not change in the second quarter. The current general conditions are negatively affecting WashTec's business specifically in Central and Southern Europe. The North American market for carwash equipment seems poised for a longer phase of stable growth. The markets in Eastern Europe and Asia continue to develop favorably, although still from a lower level.

The competitive environment has not changed significantly from the situation described in the 2012 Group Management Report. Competition in Europe is increasing. The market in North America is more fragmented and could undergo a consolidation in the mid-term. In Asia and in Southern and Eastern Europe, there are numerous smaller competitors, many of whom operate on a regional basis only.

The number of sold washes depends, among other things, on the weather. Wash counts were lower than last year in many locations due to poor weather conditions and to floods that occurred in Germany, Austria, Czech Republic, Slovakia, Poland, Hungary and Croatia in the month of June.

No significant changes in technology have occurred nor are any foreseeable.

As a consequence of the difficult general conditions in Europe, in the first half of the year WashTec group revenues were € 139.9m and therefore less than the prior year (€ 142.6m). This is true both for first quarter revenues at € 65.3m (prior year: € 66.7m) as well as second quarter revenues at € 74.6m (prior year:€ 75.9). The lower revenues were mainly the result of continuing slow business in Europe, especially Germany and France. The other regions North America, Asia-Pacific and Eastern Europe were able to stabilize or even increase their revenues in the first six months. As of the end of June, North America has already generated a profit (EBIT) of € 0.1m, a result that had originally not been forecasted before the end of the year. The order backlog as of the end of June was slightly higher than prior year.

The group gross profit margin as a percentage of revenues was increased from 58.1% in the prior year to 59.7%, and the gross margin totaled € 83.6m thereby exceeding the prior year figure (€ 82.8m). The reason for this development is, among other things, the changed product mix. Personnel costs rose from € 49.9m to € 53.1m primarily due to scaled wage increases. It should be noted here that the prior year figures included a positive effect from releasing certain restructuring provisions in the amount of € 1.6m. The operating costs (miscellaneous operating expenses – other operating income and other capitalized development costs) rose year-over-year by approximately € 0.9m, from € 21.6m to € 22.5m. This development was attributable not only to a negative effect from the foreign currency valuations (€ 0.5m) but also (above all) to lower capitalized development costs and costs in connection with participating in a number of European trade fairs.

Annual general meeting

On May 15, the annual general meeting of WashTec AG was held at the offices of the Augsburg Chamber of Industry and Commerce (IHK Augsburg). All of the resolutions proposed by management were adopted by a large majority vote. Among other things, the shareholders approved the payment of a dividend in the amount of € 0.29 per share and a one-time special dividend in the amount of € 0.29 per share for fiscal year 2012. This represents a dividend yield of approximately 5%.

The annual general meeting also agreed to authorize the Company to buy back its own outstanding shares. The authorization allows WashTec on or before May 14, 2016 to purchase its own issued and outstanding shares up to a total of 10% of the registered share capital. The shareholders also approved the creation of new contingent capital and new authorized capital accounts, cumulatively in an amount totaling up to € 8.0m with the possibility of excluding pre-emptive rights. The use of authorized or contingent capital measures will be set off reciprocally.

During the annual general meeting, the management board gave a detailed report on business development, current market conditions and strategy and discussed these matters with the shareholders.

Change on the management board

Dr. Stefan Vieweg, CFO of WashTec AG, has resigned from the Company effective May 31, 2013 on his own request. Dr. Jürgen Rautert serves as sole member of the management board for the time being and has temporarily assumed the position as the Company's CFO. The supervisory board decided on this issue at its meeting on May 31, 2013.

Analysis of the strategy

Also in the second quarter, the mid-term strategy was further analyzed. During the course of the strategic review, an in-depth analysis was conducted on the product portfolio, market and customer developments as well as WashTec's current positioning. The fundamental strategy of WashTec was largely validated. WashTec as aims to be the preferred global "partner of choice" for automated car wash. The strategy is expected to be published in the third quarter, it will be implemented in the form of strategic initiatives.

EBIT at half-year mark lower than prior year

At the half-year mark, EBIT equaled € 2.8m and was € 3.0m lower year-over-year (€ 5.8m following adjustments per IAS 8). This corresponds to an EBIT margin of 2.0% (prior year: 4.1%). It should be remembered in this regard that pursuant to IAS 8, the interim results in the prior year were adjusted upward by € 0.6m due to a revaluation of the phased retirement programs.

EBIT falls from € 5.8m to € 2.8m; order intake of first and second quarter above prior year

Order intake in the second quarter was slightly higher year-over-year, meaning that the order backlog per end of June 2013 was also higher than the prior year.

Full year revenue target is at prior year level at an EBIT margin of 5 to 6%

Due to the higher order backlog as of the end of June 2013, the Company is aiming for a favorable business development in the second half of the year. At the same time, various cost-cutting projects have been launched. Thus, the Company is aiming for stable revenues for the full year with an EBIT margin of 5 to 6%.

1.1 Business and earnings situation

Key figures

Revenues fall by € 2.7m or 1.9% in the first-half of

the year

The key financial ratios used by the Company for its planning and management are the EBIT margin, operating result per segment, net current assets (current trade receivables + inventories – short-term trade payables), as well as the equity ratio (equity capital/ balance sheet total), gearing ratio (net financial indebtedness/equity capital), cash flow from operating activities and ROCE (EBIT/ [total assets – current liabilities – cash and cash equivalents]). Non-financial performance indicators are also used, such as employee turnover and the average years of service or regular customer satisfaction surveys. The performance indicators on employee fluctuation and average years of service are explained below under the heading »Employees« and described in more detail in the WashTec Group's management report for 2012 (see page 72 of the annual report).

Revenues by segment, H1
in €m, IFRS	Jan 1 to	Jan 1 to	Change
Rounding differences are possible	Jun 30, 2013	Jun 30, 2012	absolute
Core Europe	113.3	116.2	–2.9
Eastern Europe	7.6	5.4	2.2
North America	22.2	22.2	–
Asia/Pacific	5.4	4.9	0.5
Consolidation	–8.6	–6.1	–2.5
Group	139.9	142.6	–2.7

Revenues in the first half of the year totaled € 139.9m and were therefore € 2.7m or 1.9% below the prior year (prior year: € 142.6m). This figure includes negative foreign exchange effects in the amount of € 0.5m. In the second quarter of 2013, revenues declined yearover-year by 1.7% (Q2 2013: € 74.6m; Q2 2012: € 75.9m). This decline is mainly attributable to weaker revenues in Core Europe and a slight revenue decline in North America, while revenues in the other market segments climbed. As of June 30 the Group's order backlog was higher than the prior year.

Revenues by segment, Q2
in €m. IFRS	Apr 1 to	Apr 1 to	Change
Rounding differences are possible	Jun 30, 2013	Jun 30, 2012	absolute
Core Europe	60.8	61.8	–1.0
Eastern Europe	4.1	3.4	0.7
North America	11.8	12.1	–0.3
Asia/Pacific	2.3	1.9	0.4
Consolidation	–4.4	–3.3	–1.1
Group	74.6	75.9	–1.3

Following the developments in the first quarter, the markets in Core Europe developed also in the second quarter generally worse than expected. The financing opportunities of individual operators – specifically in the southern regions of Europe – remain limited due to the ongoing financial crisis. Total revenues in Core Europe declined by € –2.9m to € 113.3m (prior year:€ 116.2m).

* Comparative figures adjusted per IAS 8, see text item 3 in the notes to the consolidated financial statements

Further revenue increases in Eastern Europe

In the »Eastern Europe« segment, the revenues increased again, specifically those generated with major customers. In the first half of 2013, revenues in this segment totaled € 7.6m (prior year: € 5.4m).

In North America, revenues in the first half of 2013 were with € 22.2m at the prior year level. In US dollar terms, revenues after the first half equaled USD 28.7m (prior year: USD 28.8m).

In the »Asia/Pacific« segment, revenues in the first half of the year increased to € 5.4m (prior year: € 4.9m). The majority of revenues were generated in Australia, a stable market. The Asian markets (above all, China) offer considerable growth potential. These markets however are not expected to make significant contributions to revenue until the mid-term.

Revenues by product, H1

in €m, IFRS	Jan 1 to	Jan 1 to	Change
Rounding differences are possible	Jun 30, 2013	Jun 30, 2012	absolute
New and used equipment	72.5	76.7	–4.2
Spare Parts, Service	44.1	44.5	–0.4
Chemicals	17.0	15.5	1.5
Operator business and others	6.3	5.9	0.4
Total	139.9	142.6	–2.7

Revenues by product, Q2
in €m, IFRS	Apr 1 to	Apr 1 to	Change
Rounding differences are possible	Jun 30, 2013	Jun 30, 2012	absolute
New and used equipment	39.8	42.4	–2.6
Spare Parts, Service	22.8	23.1	–0.3
Chemicals	8.7	7.5	1.2
Operator business and others	3.3	2.9	0.4
Total	74.6	75.9	–1.3

Revenues from »New and used equipment« equaled € 72.5m as of the end of the first half-year and were € –4.2m lower year-over-year (prior year: € 76.7m).

Revenues from »Spare parts and service« matched the level from the prior year at € 44.1m. Revenues from »Chemicals« improved by € 1.5m to € 17.0m (prior year: € 15.5m). In »Operator business and others«, revenues were reported at € 6.3m and were therefore € 0.4m higher than the prior year level (€ 5.9m).

Expenses and earnings

Earnings, H1

in €m, IFRS	Jan 1 to	Jan 1 to	Change
Rounding differences are possible		Jun 30, 2013 Jun 30, 2012*	absolute
Gross profit**	83.6	82.8	0.8
EBITDA	7.7	10.7	–3.0
EBIT	2.8	5.8	–3.0
EBT	2.2	4.9	–2.7

* Comparative figures adjusted per IAS 8, see text item 3 in the notes to the consolidated financial statements

** Sales + change in inventory – cost of materials

Earnings, Q2

in €m, IFRS	Apr 1 to	Apr 1 to	Change
Rounding differences are possible		Jun 30, 2013 Jun 30, 2012*	absolute
Gross profit**	45.0	44.0	1.0
EBITDA	6.5	8.2	–1.7
EBIT	4.1	5.7	–1.6
EBT	4.0	5.2	–1.2

* Comparative figures adjusted per IAS 8, see text item 3 in the notes to the consolidated financial statements

** Sales + change in inventory – cost of materials

Gross profit margin increased to 59.7%

Gross profit (including changes in inventory) rose slightly from € 82.8m to € 83.6m. The gross profit margin was therefore 59.7% (prior year: 58.1%). This resulted from, among other things, the changed product mix.

Personnel expenses at € 53.1m

Personnel expenses rose by € 3.2m to€ 53.1m due to scaled wage increases and pension benefit expenditures resulting from phased retirement programs, specifically in Germany. Personnel expenses in the prior year included a favorable effect from release of restructuring provisions in the amount of € 1.6m. The personnel expense ratio (personnel expenses as a percentage of revenues) worsened from 35.0% to 38.0%.

Despite a negative foreign exchange effect amounting to € 0.5m and higher expenses for marketing and trade fairs, the other operating expenses (including other taxes) totaled € 24.9m at the prior year level (prior year:€ 25.0m).

Other operating income including other capitalized development costs declined from € 2.9m in the prior year to € 2.1m now.

EBITDA fell from € 10.7 to € 7.7m and was therefore € 3.0m lower than the prior year.

Depreciation and amortization was at the prior year level and equaled € 4.9m.

EBIT by segment, H1
in €m, IFRS	Jan 1 to	Jan 1 to	Change
Rounding differences are possible		Jun 30, 2013 Jun 30, 2012*	absolute
Core Europe	2,7	7,2	–4,5
Eastern Europe	0,3	0,3	–
North America	0,1	–1,2	1,3
Asia/Pacific	–0,5	–0,7	0,2
Consolidation	0,2	0,2	–
Group	2,8	5,8	–3,0

* Comparative figures adjusted per IAS 8, see text item 3 in the notes to the consolidated financial statements

EBIT by segment, Q2
---------------------	--	--	--	--

in €m, IFRS	Apr 1 to	Apr 1 to	Change
Rounding differences are possible		Jun 30, 2013 Jun 30, 2012*	absolute
Core Europe	3.8	6.1	–2.3
Eastern Europe	0.1	0.2	–0.1
North America	0.4	–0.4	0.8
Asia/Pacific	–0.3	–0.6	0.3
Consolidation	0.1	0.4	–0.3
Group	4.1	5.7	–1.6

* Comparative figures adjusted per IAS 8, see text item 3 in the notes to the consolidated financial statements

* Comparative figures adjusted per IAS 8, see text item 3 in the notes to the consolidated financial statements

EBIT declined to € 2.8m (prior year:€ 5.8m) and the EBIT margin equaled 2.0% (prior year: 4.1%).

EBIT declines by € 3.0m

The exchange rate development between the US dollar and the euro had only minor effects on the operational business. The balance sheet date valuation of the assets and liabilities reported on the balance sheet in a foreign currency had a negative impact on earnings equal to € 0.5m as of June 30, 2013 (prior year: € 0m).

The earnings in Core Europe decreased due to declining revenues and scaled wage increases. EBIT fell to € 2.7m (prior year:€ 7.2m).

North America: Profitable already in first half of 2013

The measures implemented in North America resulted in a significant increase in earnings. EBIT was reported at € 0.1m and was therefore € 1.3m higher than the EBIT reported for the same period of the prior year (€ –1.2m). Thus, a favorable contribution to earnings was already achieved in the first half of the year. Originally, that result was targeted for the end of the year.

In the »Eastern Europe« segment, EBIT remained stable (€ 0.3m) despite increased revenues due to the expansion of the sales and service structures (prior year: € 0.3m).

In the »Asia/Pacific« segment, the earnings improved to € –0.5m (prior year: € –0.7m) mostly through higher revenues generated in Australia. In the growth market of China, activities are still in the development stage.

The net finance costs remained at a low level at € 0.7m due to lower indebtedness (prior year:€ 0.9m).

Consolidated result in the first half of 2013 declines from € 2.9m to € 0.8m

Earnings before taxes (EBT) decreased to € 2.2m (prior year: € 4.9m) in the first half of the year. Tax expense dropped from € 2.0m to € 1.4m. Consolidated result (after tax) declined from € 2.9m to € 0.8m. Earnings per share (diluted = undiluted) decreased – on the basis of an unchanged number of shares totaling approximately 14 million – to € 0.06 accordingly (prior year: € 0.21).

1.2 Net assets

Balance sheet, assets in €m, IFRS		Jun 30, 2013 Dec 31, 2012
Non-current assets	95.2	96.6
thereof intangible assets	8.6	9.0
thereof deferred tax assets	6.0	5.9
Current assets	89.2	87.0
thereof inventories	39.2	36.6
thereof trade receivables and other assets	45.5	46.6
thereof cash and cash equivalents	4.5	3.8
Total assets	184.4	183.6

The balance sheet total rose from € 183.6m at the end of 2012 to € 184.4m as of June 30, 2013.

Intangible assets have decreased to € 8.6m as of June 30, 2013 from € 9.0m as reported on balance sheet date of December 31, 2012.

Deferred tax assets climbed slightly from € 5.9m as at the end of 2012 to € 6.0m as of June 30, 2013.

Inventories rose from € 36.6m as of December 31, 2012 to € 39.2m because of a higher inventory in finished products.

Trade payables, other assets and tax receivables declined in the first half of 2013 from € 46.6m per December 31, 2012 to € 45.5m. Trade receivables fell by € 5.3m due to lower revenues, whereas other assets and tax receivables increased by € 4.1m.

Cash and cash equivalents as of June 30, 2013 rose to € 4.5m (December 31, 2012: € 3.8m).

Balance sheet, equity and liabilities in €m, IFRS		Jun 30, 2013 Dec 31, 2012
Equity	77.3	84.4
Liabilities to banks	10.9	5.3
Other liabilities and provisions	85.4	82.1
of which trade payables	11.6	6.7
of which provisions	24.4	25.6
Deferred income	7.7	8.8
Deferred tax liabilities	3.1	3.0
Total equity and liabilities	184.4	183.6

Balance sheet ratios

Equity ratio as of June 30, 2013: 41.9%

Equity capital equaled € 77.3m as of June 30, 2013 (December 31, 2012: € 84.4m). As a result of income and expenses recognized directly in equity capital according to IFRS (see Statement of Changes in Equity), the changes in equity capital do not match up with the results for the period. The equity ratio dropped to 41.9% from 46.0% as of December 31, 2012. The reason for this development may be attributed, primarily, to the € 8.1m dividend payment made.

Return on Capital Employed »ROCE« [EBIT of the last 12 months / (total assets – current liabilities less cash and cash equivalents) – on the basis of equal dividend payments] developed favorably and was 16.8% for the period between July 2012 and June 2013. In the comparative period of July 2011 through June 2012, the ROCE was at –9.7% due to extraordinary effects, mainly because of write-offs of intangible assets in North America.

Compared to December 31, 2012, liabilities to banks rose (likewise against the backdrop of the dividend payment) from € 5.3m by € 5.6m to € 10.9m. Because of higher bank liabilities, net bank debt (long-term and short-term bank debt less bank credit balances) was

€ 6.4m and thus higher than the value as of December 31, 2012 (€ 1.5m). Net finance debt (net bank debt plus long-term and shortterm finance leasing) increased from € 8.3m as of December 31, 2012 to € 12.4m.

The item »Other liabilities and provisions« climbed from € 82.1m to € 85.4m. This was caused primarily by an increase in the prepayments received and other current liabilities.

Trade payables increased since the balance sheet date of December 31, 2012, from € 6.7m to € 11.6m.

Deferred tax liabilities were € 0.1m higher than the level they were at the end of 2012 and equaled € 3.1m as of June 30, 2013.

Provisions declined since the balance sheet date of December 31, 2012, from € 25.6m auf € 24.4m.

The gearing ratio – defined as the quotient of net finance debt to equity – increased relative to December 31, 2012, from 0.10 to 0.16 – a ratio considered low for manufacturing companies.

Gearing at 0.16

1.3 Financial position

Cash flow statement

Cash inflow from operating activities (net cash flow) declined substantially in the first half of 2013 to € 7.7m (prior year:€ 11.1m). This was attributable primarily to the decline in earnings as well as higher taxes paid.

The Company continually carries out measures to optimize its working capital. These measures resulted in lower net current assets (current trade receivables + inventories – current trade payables), of € 65.4m compared to € 73.1m per Dec 31, 2012 .

Cash outflow from investing activities equaled € 2.8m and was, as planned, higher than the prior year (€ 2.2m).

Free cash flow (net cash flow less cash outflow from investing activities) fell significantly to € 4.9m due to reduced net cash flow (prior year:€ 8.9m).

Overall, as of June 30, 2013, cash and cash equivalents, which were held mostly in foreign currencies, increased by € 0.7m relative to December 31, 2012.

1.4 Miscellaneous

Employees

Compared to December 31, 2012, the number of employees fell by 17 to 1,657. On a year-over-year basis (June 30, 2012 vs June 30, 2013), 13 employees were added. After adjusting for acquisitions and in-sourcing measures, the number of employees compared to the same period of the prior year fell by 17, however.

The employees of WashTec constitute an important foundation for the Company's economic success. Employee satisfaction in Germany is evidenced, for example, in the low employee turnover (2012: 1.3%) and in long average tenure / years of service (2012: 16.9 years).

Share with positive development

During the first half of the year, the international trading climate was influenced by macroeconomic uncertainty surrounding US monetary policy, the concern about slowing economic growth in China and the sovereign debt problem in Europe.

The WashTec share price as of June 28, 2013 was € 10.65, which represents a price increase of 17.9% compared to the share price at the end of 2012 (€ 9.03). The share price therefore significantly outperformed the SDAX during the reporting period in question (+10.4%) and moved within a relatively stable range between € 8.90 and € 11.40.

Changes in the shareholder structure

In the second quarter, WashTec received numerous voting rights notifications: EQMC Europe Development Fund plc, Dublin, Ireland, gave notice that its share of voting rights in WashTec AG had dropped below the 15% threshold on Apr 2, 2013 and on that day equaled 14.66%. Nmás Asset Management, SGIIC, S.A., continues to hold, through various vehicles, an unchanged 16.2% of a voting shares. Furthermore, The Bank of New York Mellon Cooperation, New York, New York, USA, and two of its subsidiaries filed notice

WashTec AG Group management report on the period from 1 January to 30 June, 2013 Interim Group management report | 11

that their voting shares in WashTec AG fell below the 3% threshold on June 6, 2013 and equaled 0.0% on that day. The BNY Mellon Service Kapitalanlage-Gesellschaft mbH, filed notice that its voting shares had exceeded the 5% threshold on June 7, 2013 and equaled 5.61% on that day.

BNY Mellon Service Kapitalanlage-Gesellschaft mbH increases its share of voting rights to 5.6%

Shareholding in %	Jun 30,2013
Nmás1 Asset Management, SGIIC, S.A. through different vehicles	16.2
Sterling Strategic Value Ltd.	15.3
Kempen Capital Management NV	11.1
BNY Mellon Service Kapitalanlage-Gesellschaft mbH	5.6
Leifina GmbH & Co. KG et al	5.6
InvestmentAG für langfristige Investoren TGV	5.4
Lazard Frères Gestion S.A.S.	5.0
Paradigm Capital Value Fund	3.8
Setanta Asset Management	3.5
Diversity Industrie Holding AG	3.0
Free float	25.5

Source: Notices pursuant to the WpHG

In the first half of 2013, the management continued its dialogue with shareholders and journalists as well as with the financial community. Beyond the annual general meeting, various investor meetings took place.

WashTec is currently covered by the financial institutions of BHF, Hauck & Aufhäuser, HSBC Trinkaus & Burkhardt and MM Warburg.

As of June 28, the trading volume of WashTec shares placed 130th on the Deutsche Börse ranking for MDAX and SDAX stocks, not least because of the low free float (prior year ranking: 111th). In terms of market capitalization, WashTec ranks 94th and has already met the SDAX criterion for some time. In connection with its work on revising the Company's strategy, management will also evaluate and reformulate its investor relations activities.

Information on the relationships with related companies and persons

No significant transactions were conducted with related companies and persons during the reporting period.

2. Opportunities and risks for group development

The 2012 annual report includes a description of the WashTec Group's risk management. There have been no material changes in the opportunities and risks that are described in the risk report of the 2012 annual report.

3. Forecast

For the entire year, revenue target is at the prior year level and EBIT target at 5 to 6%

Based on the weaker business development in the first half of the year combined with a favorable outlook for the second half of the year, WashTec is aiming to match last year's level of revenues for the entire year and to generate an EBIT of 5 to 6%.

The performance in second half of the year – even despite the cost-cutting efforts – is not expected to fully make up for the yearover-year decline in earnings reported in the first half of 2013. In connection with working out the new strategy, the Company launched various initiatives and cost-cutting projects in order to offset the cost increases.

For the individual segments, the Company is forecasting the following developments:

• Core Euope: Revenues and earnings slightly below last year;
• North America: Profitable with slightly increasing revenues;
• Eastern Europe: Revenues and earnings slightly higher than last year;
• Asia/Pacific: Significant revenue growth with disproportionately lower earnings development; greater share of revenue growth from the Chinese market.

This forecast is marked with some uncertainties related to the ongoing developments in Core Europe. The development in the coming years will depend on the implementation of the revised strategy and on the realization of growth opportunities through innovations and the expansion of business into new markets.

Augsburg, July 26, 2013

Dr. Jürgen Rautert Management Board

Consolidated Income Statement

The notes to the consolidated statements form an integral part of the consolidated financial statements. Rounding differences are possible.

* Comparative figures adjusted per IAS 8, see item 3 in the notes to the consolidated financial statements

	Jan 1 to	Jan 1 to	April 1 to	April 1 to
	June 30,	June 30,	June 30,	June 30,
	2013	2012*	2013	2012*
	€	€	€	€
Revenues		139,937,966 142,577,998	74,621,275	75,910,486
Other operating income	1,790,056	1,987,593	649,224	1,107,784
Other capitalized development costs	351,968	883,805	62,690	466,334
Change in inventories	1,252,523	787,156	2,261,002	–1,646,665
Total		143,332,513 146,236,552	77,594,191	75,837,939
Cost of materials
Cost of raw materials, consumables and supplies and
of purchased material	47,327,891	50,965,839	26,216,776	25,352,116
Cost of purchased services	10,279,504	9,617,631	5,645,334	4,962,672
	57,607,395	60,583,470	31,862,110	30,314,788
Personnel expenses	53,090,755	49,941,889	26,921,958	24,419,114
Amortization, deprecation and impairment of
intangible assets and property, plant and equipment	4,889,220	4,919,702	2,382,206	2,465,394
Other operating expenses	24,658,165	24,494,365	12,312,484	12,629,340
Other taxes	240,794	490,022	38,811	295,788
Total operating expenses		140,486,329 140,429,448	73,517,569	70,124,424
EBIT	2,846,184	5,807,104	4,076,622	5,713,515
Other interest and similar income	64,471	115,367	59,080	78,789
Interest and similar expenses	722,914	1,025,218	154,722	567,656
Financial result	–658,443	–909,851	–95,642	–488,867
Result from ordinary activities/EBT	2,187,741	4,897,253	3,980,980	5,224,648
Income taxes	–1,396,253	–1,986,160	–1,599,391	–1,698,000
Consolidated net income	791,488	2,911,093	2,381,589	3,526,648
Average number of shares	13,935,914	13,976,970	13,932,312	13,976,970
Earnings per share (basic = diluted)	0.06	0.21	0.17	0.25

Consolidated Statement of Comprehensive Income

The notes to the consolidated statements form an integral part of the consolidated financial statements. Rounding differences are possible.

* The table is in accordance with the revised IAS 1.

Comparative figures adjusted per IAS 8, see item 3 in the notes to the consolidated financial statements

	Jan 1 to	Jan 1 to	Apr 1 to	Apr 1 to
	Jun 30	Jun 30	Jun 30	Jun 30
	2013	2012*	2013	2012*
	€k	€k	€k	€k
Earnings after taxes	791	2,911	2,381	3,527
Actuarial gains/losses from defined benefit obligations
and similar obligations	0	–650	0	–650
Deferred taxes	0	152	0	152
Items that may be reclassified subsequently to profit or loss	0	–498	0	–498
Changes in the fair value of financial instruments used for
hedging purposes recognized under equity	356	–250	0	–134
Adjustment item for the currency translation of foreign
subsidiaris and currency changes	115	249	166	–122
Exchange differences on net investments in subsidiaries	–266	–126	–252	39
Deferred taxes	–118	29	20	–7
Items that will not be reclassified to profit or loss	87	–98	–66	–224
Valuation gains/losses recognized directly in equity	87	–596	–66	–722
Total income and expense and valuation in gains/losses
recognized directly in equity	878	2,315	2,315	2.,805

Consolidated Balance Sheet

The notes to the consolidated statements form an integral part of the consolidated financial statements. Rounding differences are possible.

Assets	Jun 30, 2013 Dec 31, 2012
	€	€
Non-current assets
Property, plant and equipment	36,140,955	37,497,989
Goodwill		42,312,633 42,313,530
Intangible assets	8,566,639	8,977,370
Trade receivables	1,838,774	1,403,564
Tax receivables	174,115	174,115
Other assets	203,560	317,764
Deferred tax assets	5,989,679	5,916,187
Total non-current assets		95,226,355 96,600,519
Current assets
Inventories		39,163,628 36,648,658
Trade receivables		37,726,298 43,014,863
Tax receivables	2,146,190	111,909
Other assets	5,652,778	3,458,841
Cash and bank balances	4,505,576	3,771,477
Total current assets	89,194,470	87,005,748
Total assets		184,420,825 183,606,267

Equity and liabilities	Jun 30, 2013 Dec 31, 2012
	€	€
Equity
Subscribed capital		40,000,000 40,000,000
thereof contingent capital		12,000,000 12,000,000
Capital reserves		36,463,441 36,463,441
Treasury shares	–417,067	–431,021
Other reserves and currency translation effects	–2,857,757	–2,943,154
Profit carried forward	3,274,208	1,304,817
Consolidated profit for the period	791,488	10,050,135
		77,254,313 84,444,218
Non-current liabilities
Interest-bearing loans	10,039,524	5,021,125
Finance leasing	3,852,344	4,434,259
Provisions for pensions	8,916,038	8,876,236
Trade payables	106,858	109,392
Other nun-current provisions	3,781,854	3,746,019
Other nun-current liabilities	1,657,628	1,425,801
Deferred revenue	579,636	739,938
Deferred tax liabilities	3,104,509	2,991,965
Total non-current liabilities		32,038,391 27,344,735
Current liabilities
Interest-bearing loans	867,271	242,026
Finance leasing	2,160,230	2,412,581
Prepayments on orders	8,665,509	7,746,785
Trade payables	11,509,350	6,573,095
Other liabilities for taxes and levies	4,350,187	5,651,259
Other liabilities for social security	1,017,888	927,168
Tax liabilities	1,680,798	2,169,914
Other current liabilities	26,001,096	25,031,429
Other current provisions		11,723,184 13,000,991
Deferred revenue	7,152,608	8,062,066
Total current liabilities	75,128,121	71,817,314
Total equity and liabilities		184,420,825 183,606,267

Consolidated Cash Flow Statement

The notes to the consolidated statements form an integral part of the consolidated financial statements. Rounding differences are possible.

* Comparative figures adjusted per IAS 8, see item 3 in the notes to the consolidated financial statements

	Jan 1 to	Jan 1 to
		Jun 30, 2013 Jun 30, 2012*
	€k	€k
EBT	2,188	4,897
Adjustments to reconcile profit before tax to net cash flows not affecting cash:
Amortization, depreciation and impairment of non-current assets	4,889	4,920
Gain/loss from disposals of non-current assets	–10	–190
Other gains/losses	–2,392	–2,324
Interest income	–64	–115
Interest expense	723	1,025
Movements in provisions	–1,133	–2,801
Changes in net working capital:
Increase/decrease in trade receivables	4,234	2,680
Increase/decrease in inventories	–2,796	738
Increase/decrease in trade payables	5,025	–828
Changes in other net working capital	1,107	3,983
Income tax paid	–4,095	–903
Cash inflow from operating activities (net cash flow)	7,676	11,080
Purchase of property, plant and equipment (without finance leasing)	–2,930	–2,314
Proceeds from sale of property, plant and equipment	106	131
Acquisition of a subsidiary, net of cash acquired	0	–13
Cash outflow from investment activities	–2,824	–2,196
Raising of long-term loans	5,007	0
Repayment of non-current liabilities to banks	0	–8,293
Dividend paid	–8,081	0
Acquisition of treasury shares	–171	0
Interest received	64	87
Interest paid	–578	–825
Repayment and raising of liabilities from finance leases	–1,305	–1,328
Net cash flows used in financing activities	–5,064	–10,359
Net increase/decrease in cash and cash equivalents	–212	–1,475
Net foreign exchange difference in cash and cash equivalents	320	–291
Cash and cash equivalents at January 1	3,530	2,610
Cash and cash equivalents at June 30	3,638	844
Composition of cash and cash equivalents for cash flow purposes:
Cash and cash equivalents	4,505	3,189
Current bank liabilities	–867	–2,345
Cash and cash equivalents at June 30	3,638	844

Statement of Changes in Consolidated Equity

The notes to the consolidated statements form an integral part of the consolidated financial statements. Rounding differences are possible.

* Comparative figures adjusted per IAS 8, see item 3 in the notes to the consolidated financial statements

€k	Number of	Subscribed	Capital	Treasury	Other	Exchange	Profit carried	Total
	shares in units	capital	reserve	shares	reserves	effects	forward
As of January 1, 2012	13,976,970	40,000	36,464	0	–2,267	–205	1,304	75,296
Income and expenses recognized
directly in equity					–1,026	249		–777
Taxes on transactions recognized
directly in equity					181			181
Consolidated earnings for the period							2,911	2,911
As of June 30, 2012*	13,976,970	40,000	36,464	0	–3,112	44	4,215	77,611
As of January 1, 2013	13,944,736	40,000	36,464	–431	–3,004	61	11,354	84,444
Income and expenses recognized
directly in equity					89	115		204
Taxes on transactions recognized
directly in equity					–118			–118
Acquisition of treasury shares	–12,424			14				14
Dividends							–8,081	–8,081
Consolidated earnings for the period							791	791
As of June 30, 2013	13,932,312	40,000	36,464	–417	–3,033	176	4,064	77,254

Notes to the Interim Condensed Consolidated Financial Statements of WashTec AG (IFRS) for the period January 1 to June 30, 2013

General Disclosures

1. Information on the Company

The ultimate parent company of the WashTec Group is WashTec AG, which is entered in the commercial register for the City of Augsburg under registration number HRB 81.

The Company's registered office is located at Argonstrasse 7 in 86153 Augsburg, Germany. The Company's shares are publicly traded.

The purpose of the WashTec Group comprises the development, manufacture, sale and servicing of carwash products, as well as leasing and all services and financing solutions which are related thereto and required in order to operate carwash equipment.

The consolidated financial statements are prepared in euro. Amounts are rounded-off to the nearest euro or are shown in millions of euro (€m) or thousands of euro (€k).

2. Accounting and valuation policies

Principles in preparing financial statements

The interim condensed consolidated financial statements for the period January 1 through June 30, 2013 were prepared in accordance with IAS 34, »Interim Financial Reporting«.

The interim condensed consolidated financial statements do not include all explanations and information required for the financial statements for the fiscal year and should be read in conjunction with the consolidated financial statements for the period ending December 31, 2012.

Significant accounting and valuation methods

The accounting and valuation methods, which were applied when preparing the interim condensed consolidated financial statements, comply with the methods that were used when preparing the consolidated financial statements for the fiscal year ending December 31, 2012, except for the tax calculation. The tax calculation for condensed interim financial statements is done by multiplying the result with the anticipated applicable annual tax rate.

In the reporting period, the Group applied the following new and revised IFRS Standards and Interpretations.

• IAS 1 Amendments relating to Presenting Other Comprehensive Income (OCI)
• IFRS Annual Improvements to the International Financial Reporting Standards, 2009–2011 Cycle
• IFRS 13 Fair Value Measurement

The facts addressed by IAS 1 are generally of importance to the WashTec Group. The other Standards currently have no material effect on the net assets, financial position and results of operation for the WashTec Group.

3. Corrections under IAS 8

Since fiscal year 2012, WashTec had opted for an early application of the revised IAS 19 (Employee Benefits). The early application relates to accounting for phased retirement reserves [Altersteilzeitrückstellung] and to additional information in the notes on the pension provisions. Details about the accounting of phased retirement reserves are described in the explanations to the accounting and valuation methods in the consolidated financial statements per December 31, 2012.

The book entries may be classified according to the following items:

Profit carried forward/consolidated profit: Improvement in the amount of € 142k from the prior year and € 448k from the current fiscal year.

Provisions: Reduction of the other long-term provisions in the amount of € 851k accumulated.

Deferred tax liabilities: Increase in an amount totaling € 261.

Personnel expenses: Income in the amount of € 646k for the first half of 2012.

Income tax expense: Expense in the amount of € 198k for the first half of 2012.

An overview concerning the effects of the corrections is shown in Tables 1 through 3 following.

Table 1 Correction of the Consolidated Income Statement per June 30, 2012

Rounding differences are possible

	Jan 1 to		Jan 1 to
	Jun 30, 2012		Jun 30, 2012
	previously	Correction
	reported	IAS 8	adjusted
	€	€	€
Revenues	142,577,998		142,577,998
Other operating income	1,987,593		1,987,593
Other capitalized development costs	883,805		883,805
Change in inventories	787,156		787,156
Total	146,236,552		0 146,236,552
Cost of materials
Cost of raw materials, consumables and supplies and
of purchased material	50,965,839		50,965,839
Cost of purchased services	9,617,631		9,617,631
	60,583,470	0	60,583,470
Personnel expenses	50,587,927	–646,038	49,941,889
Amortization, deprecation and impairment of
intangible assets and property, plant and equipment	4,919,702		4,919,702
Other operating expenses	24,494,365		24,494,365
Other taxes	490,022		490,022
Total operating expenses	141,075,486		–646,038 140,429,448
EBIT	5,161,066	646,038	5,807,104
Other interest and similar income	115,367		115,367
Interest and similar expenses	1,025,218		1,025,218
Financial result	–909,851		–909,851
Result from ordinary activities/EBT	4,251,215	646,038	4,897,253
Income taxes	–1,787,826	–198,334	–1,986,160
Consolidated profit for the period	2,463,389	447,704	2,911,093
Average number of shares	13,976,970		13,976,970
Earnings per share (basic = diluted)	0.18		0.21

Table 2 Correction of the Consolidated Balance Sheet per June 30, 2012

Rounding differences are possible

Equity and liabilities	Jan 1 to		Jan 1 to
	Jun 30, 2012		Jun 30, 2012
	previously	Correction
	reported	IAS 8	adjusted
	€	€	€
Equity
Subscribed capital	40,000,000		40,000,000
thereof contingent capital	12,000,000		12,000,000
Capital reserves	36,463,441		36,463,441
Other reserves	–3,068,154		–3,068,154
Profit carried forward	1,162,699	142,108	1,304,807
Consolidated profit for the period	2,463,389	447,704	2,911,093
	77,021,375	589,812	77,611,187
Non-current liabilities
Interest-bearing loans	11,014,436		11,014,436
Finance leasing	4,841,118		4,841,118
Provisions for pensions	7,962,525		7,962,525
Other non-current provisions	5,228,964	–851,100	4,377,864
Other nun-current liabilities	3,098,558		3,098,558
Deferred revenue	643,570		643,570
Deferred Income	2,574,843	261,288	2,836,131
Total non-current liabilities	35,364,014	–589,812	34,774,202
Current liabilities
Interest-bearing loans	2,344,909		2,344,909
Finance leasing	2,497,155		2,497,155
Prepayments on orders	7,298,676		7,298,676
Trade payables	9,046,030		9,046,030
Other liabilities for taxes and levies	4,656,577		4,656,577
Other liabilities for social security	999,917		999,917
Tax liabilities	4,866,874		4,866,874
Other current liabilities	23,801,635		23,801,635
Other current provisions	13,771,906		13,771,906
Deferred revenue	8,710,398		8,710,398
Total current liabilities	77,994,077	0	77,994,077
Total equity and liabilities	190,379,466		0 190,379,466

Table 3 Correction of the Consolidated Cash Flow Statement per June 30, 2012

Rounding differences are possible

	Jan 1 to		Jan 1 to
	Jun 30, 2012		Jun 30, 2012
	previously	Correction
	reported	IAS 8	adjusted
	€k	€k	€k
EBT	4,251	646	4,897
Adjustments to reconcile profit before tax to net cash flows not affecting cash:
Amortization, depreciation and impairment of non-current assets	4,920		4,920
Gain/loss from disposals of non-current assets	–190		-190
Other gains/losses	–2,324		–2,324
Interest income	–115		–115
Interest expense	1,025		1,025
Movements in provisions	–2,155	–646	–2,801
Changes in net working capital:
Increase/decrease in trade receivables	2,680		2,680
Increase/decrease in inventories	738		738
Increase/decrease in trade payables	–828		–828
Changes in other net working capital	3,983		3,983
Income tax paid	–903		-903
Cash inflow from operating activities (net cash flow)	11,080	0	11,080
Purchase of property, plant and equipment (without finance leasing) Proceeds from sale of property, plant and equipment	–2,314 131		–2,314 131
Acquisition of a subsidiary, net of cash acquired	–13		–13
Cash outflow from investment activities	–2,196	0	–2,196
Raising of long-term loans	–8,293		–8,293
Interest received	87		87
Interest paid	–825		–825
Repayment and raising of liabilities from finance leases	–1,328		–1,328
Net cash flows used in financing activities	–10,359	0	–10,359
Net increase/decrease in cash and cash equivalents	–1,475		–1,475
Net foreign exchange difference in cash and cash equivalents	–291		–291
Cash and cash equivalents at January 1	2,610		2,610
Cash and cash equivalents at June 30	844		844
Composition of cash and cash equivalents for cash flow purposes:
Cash and cash equivalents	3,189		3,189
Current bank liabilities	–2,345		–2,345
Cash and cash equivalents at June 30	844		844

4. Segment reporting

Jan–Jun 2013	Core	Eastern	North	Asia/	Consoli-	Group
in €k	Europe	Europe	America	Pacific	dation
Revenues	113,262	7,632	22,199	5,431	–8,586	139,938
thereof with third parties	105,506	7,605	21,852	5,431	–457	139,938
thereof with other segments	7,756	27	347	0	–8,130	0
Operating result	2,721	323	101	–462	163	2,846
Financial result						65
Financial expenses						–723
Results from ordinary business activities						2,188
Income tax expense						–1,397
Consolidated result						791

Jan–Jun 2012*	Core	Eastern	North	Asia/	Consoli-	Group
in €k	Europe	Europe	America	Pacific	dation
Revenues	116,236	5,382	22,192	4,890	–6,122	142,578
thereof with third parties	110,343	5,372	22,045	4,890	–72	142,578
thereof with other segments	5,893	10	147	0	–6,050	0
Operating result	7,220	348	–1,232	–694	167	5,807
Financial result						115
Financial expenses						–1,025
Results from ordinary business activities						4,897
Income tax expense						–1,986
Consolidated result						2,911

* Comparative figures adjusted per IAS 8, see item 3 in the notes to the consolidated financial statements

5. Property, plant and equipment

In the first half of 2013, non-current assets (excluding financial leases) totaling € 2,930k were acquired (prior year: € 2,314k).

6. Equity capital

The subscribed capital of WashTec AG on June 30, 2013 equaled € 40,000k. This capital is divided into 13,976,790 no-par value bearer shares and has been fully paid-in.

The annual general meeting of WashTec AG, which was held on May 15, 2013, resolved to pay a € 8,081k dividend from the € 8,812k non-appropriated distributable profit for fiscal year 2012 and to carry forward € 731k to a new account. The dividend payment corresponds to a dividend of € 0.58 for each no-par value share entitled to receive dividends (participating no-par shares). This share encompasses not only a dividend in the amount of € 0.29 for each participating no-par share, but also a special dividend payment in the amount of € 0.29 for each participating no-par share. The WashTec AG profit carried forward has thereby declined by € 8,081k.

In addition, the annual general meeting authorized the management board to increase on or before May 14, 2016 the registered share capital one or more times by up to a total of € 8,000k (authorized capital) by issuing new, no-par value bearer shares in exchange for cash and/or non-cash capital contributions.

The annual general meeting also authorized the management board to disburse on or before May 14, 2016 pro rated registered share capital up to an amount totaling € 8,000k in the form of warrant-linked or convertible bonds, participation rights and participating bonds as well as combination of these instruments and to exclude any pre-emptive rights.

The authorization, which was the basis of the share buyback program approved by the management board on August 14, 2012, expired on May 4, 2013.

As of the balance sheet date, the Company had acquired 44,658 shares at a value of € 417k. These purchases have thereby lowered the number of issued and outstanding shares to 13,932,312.

The annual general meeting authorized the management board to purchase on or before May 14, 2016 the Company's own shares in an amount of up to 10% of the registered share capital existing at the time the resolution is adopted (€ 40,000k) for purposes other than trading in the Company's own shares.

7. Financial instruments – additional disclosures

The table set forth below, which is based on the relevant balance sheet items, shows the relationships between the classification and the values assigned to the financial instruments.

Carrying values, valuation approaches and fair value measurement categories:

In €k	Measurement	Carrying		Balance sheet valuation under IAS 39		Balance sheet	Fair
	category	value	Amortized	Fair Value	Fair Value	valuation	value
	under IAS 39	June 30, 2013	cost	in equity	through	under IAS 17	June 30, 2013
					profit and loss
Assets
Cash and cash equivalents	LaR	4,506	4,506	–	–	–	4,506
Trade receivables	LaR	39,565	39,565	–	–	–	39,565
Other financial assets	LaR	943	943	–	–	–	943
Liabilities
Trade payables	FLAC	11,616	11,616	–	–	–	11,616
Interest bearing-loans	FLAC	10,907	10,907	–	–	–	10,907
Other financial liabilities	FLAC	14,112	14,112	–	–	–	14,112
Finance lease liabilities	n.a.	6,013	–	–	–	6,013	6,013
Derivatives financial liabilities		1,361	–	–	1,361	–	1,361
Aggregated presentation per IAS 39
measurement categories
Loans and Receivables (LaR)			45,014	–	–
Financial Liabilities Measured at
Amortised Cost (FLAC)			36,635	–	–

In €k	Measurement	Carrying	Wertansatz Bilanz nach IAS 39			Balance sheet	Fair
	category	value	Amortized	Fair Value	Fair Value	valuation	value
	under IAS 39	Dec 31, 2012	cost	in equity	through	under IAS 17	Dec 31, 2012
					profit and loss
Assets
Cash and cash equivalents	LaR	3,771	3,771	–	–	–	3,771
Trade receivables	LaR	44,418	44,418	–	–	–	44,418
Other financial assets	LaR	1,124	1,124	–	–	–	1,124
Liabilities
Trade payables	FLAC	6,682	6,682	–	–	–	6,682
Interest bearing-loans	FLAC	5,263	5,263	–	–	–	5,263
Other financial liabilities	FLAC	13,017	13,017	–	–	–	13,017
Finance lease liabilities	n.a.	6,847	–	–	–	6,847	6,847
Derivatives financial liabilities		1,606	–	356	1,250	–	1,606
Derivatives with hedge relationship	n.a.	356	–	356	–	–	356
Aggregated presentation per IAS 39
measurement categories
Loans and Receivables (LaR)			49,314	–	–
Financial Liabilities Measured at
Amortised Cost (FLAC)			24,963	–	–

The table set forth below shows the fair values assigned to the financial instruments.

Fair value per Jun 30, 2013
Level 3
–
Fair value per Dec 31, 2012
Level 3
–

The derivative financial instruments shown under Level 2 include foreign exchange forwards and interest rate swaps. These foreign exchange forwards are recognized at fair value using the anticipated exchange rates, which are quoted on a regulated market. Interest rate swaps are recognized at fair value using the anticipated interest rates using recognized yield curves. The effects from discounting are generally insignificant for the Level 2 derivatives.

The fair value of the financial instruments is categorized according to the following maturities:

in €k		Jun 30, 2013 Dec 31, 2012
Non-current	866	1,129
Current	495	477
Total	1,361	1,606

The fair value of the receivables and trade payables as well as cash and cash equivalents matches the relevant book value because of the short maturities. The fair value of the derivative financial instruments, liabilities under financial leases and loans was calculated by discounting to present value their expected future cash flows based on customary market yields.

8. Contingent liabilities and other financial obligations

Contingent liabilities and other financial obligations remained mostly unchanged compared to December 31, 2012.

9. Information about related party transactions

No significant transactions with related parties occurred during the reporting period.

10. Disclosures regarding changes in the management board

At his own request, Dr. Stefan Vieweg voluntarily resigned from the Company effective May 31, 2013. His membership on the management board member was mutually terminated effective May 31, 2013.

Dr. Jürgen Rautert, spokesman of the management board, has initially assumed the sole management board position and has also temporarily assumed the position as CFO.

11. Notes after the balance sheet date

No significant events occurred after the end of the reporting period.

Responsibility Statement

»To the best of our knowledge and in accordance with the applicable accounting principles, the interim condensed consolidated financial statements give a true and fair view of the assets and liabilities, financial position and profits and loss of the Group, and the Group Management Report includes a fair review of the development and performance of the business and the position of the Group, together with a description of the principal opportunities and risks associated with the expected development of the Group.«

Augsburg, July 26, 2013

Dr. Jürgen Rautert Spokesman of the Management Board

Review report

To WashTec AG

We have reviewed the condensed consolidated interim financial statements – comprising the income statement, statement of comprehensive income, balance sheet, cash flow statement, statement of changes in equity and selected explanatory notes – and the interim group management report of WashTec AG for the period from January 1 to June 30, 2013 which are part of the halfyear financial report pursuant to § (Article) 37w WpHG ("Wertpapierhandelsgesetz": German Securities Trading Act). The preparation of the condensed consolidated interim financial statements in accordance with the IFRS applicable to interim financial reporting as adopted by the EU and of the interim group management report in accordance with the provisions of the German Securities Trading Act applicable to interim group management reports is the responsibility of the parent Company's Board of Managing Directors. Our responsibility is to issue a review report on the condensed consolidated interim financial statements and on the interim group management report based on our review.

We conducted our review of the condensed consolidated interim financial statements and the interim group management report in accordance with German generally accepted standards for the review of financial statements promulgated by the Institut der Wirtschaftsprüfer (Institute of Public Auditors in Germany) (IDW). Those standards require that we plan and perform the review so that we can preclude through critical evaluation, with moderate assurance, that the condensed consolidated interim financial statements have not been prepared, in all material respects, in accordance with the IFRS applicable to interim financial reporting as adopted by the EU and that the interim group management report has not been prepared, in all material respects, in accordance with the provisions of the German Securities Trading Act applicable to interim group management reports. A review is limited primarily to inquiries of company personnel and analytical procedures and therefore does not provide the assurance attainable in a financial statement audit. Since, in accordance with our engagement, we have not performed a financial statement audit, we cannot express an audit opinion.

Based on our review, no matters have come to our attention that cause us to presume that the condensed consolidated interim financial statements have not been prepared, in all material respects, in accordance with the IFRS applicable to interim financial reporting as adopted by the EU nor that the interim group management report has not been prepared, in all material respects, in accordance with the provisions of the German Securities Trading Act applicable to interim group management reports.

Munich, July 29, 2013

PricewaterhouseCoopers Aktiengesellschaft Wirtschaftsprüfungsgesellschaft

Petra Justenhoven Holger Graßnick Wirtschaftsprüferin Wirtschaftsprüfer (German Public Auditor) (German Public Auditor)

Contact

WashTec AG Telephone +49 821 5584-0 Argonstrasse 7 Telefax +49 821 5584-1135 86153 Augsburg www.washtec.de Germany washtec@washtec.de

Financial Calendar

September 24, 2013 German Investor Conference, Munich (1.40 –2.25 pm) October 1, 2013 German Mittelstand Conference, New York November 6, 2013 3Q/13 report November 13, 2013 Equity Forum, Frankfurt/Main (3.00 pm, room Milan)