WashTec AG — Interim / Quarterly Report 2015

Oct 30, 2015

q32015

Report on the period from January 1 to September 30, 2015 Unaudited translation for convenience purposes only

Third quarter affi rms the good ongoing business performance and reinforces the favorable outlook for the year as a whole and for Q1 2016

• Revenues increase by 13.7% to € 245.8m (prior year: € 216.2m)
• EBIT at € 23.3m almost doubled compared to prior year (prior year: € 11.8m)
• Positive business development in all segments, especially equipment and service
• Numerous measures for further positive development of the Group initiated

Jan 1 t o S 30, 20 15 ep		Jan 1 t o	Jan 1 t o	Cha nge
(ro und ing diff sib le) er enc es pos		Sep 30 , 20 15	Sep 30 , 20 14	Ab sol ute	in Per t cen
Rev en ues	€ m	24 5.8	21 6.2	29 .6	13 .7
EB ITD A	€ m	30 .5	19 .3	11 .2	58 .0
EB IT	€ m	23 .3	11 8	11. 5	97 .5
EB IT in ma rg	in %	9.5	5.5	4.0
EB T	€ m	22 .9	11 2	11. 7	10 4.5
rtin Em loy dat p ees pe r re po g e	pe rso ns	1.6 81	1. 67 6	5	0.3
Av mb of sha era ge nu er res	its un	13 90 4, 813 ,	13 93 2, 312 ,	–2 7, 49 9	–0 .2
¹ Ea rni sha ng s p er re	€	1.1 1	0.5 5	0.5 6	10 1.8
² Fre ash fl o e c w	€ m	14 .0	0 14	0.0	0.0
Inv in fi x ed est nts ets me ass
(ca ita l ex nd itu ) p pe res	€ m	4.0	3. 2	0.8	25 .0
³ Ca ital tio rtin dat p ra pe r re po g e	in %	37 .0	47 6	–10 .6

3rd r 20 rte 15 qua		Jul 1 to	Jul 1 to	Cha nge
(ro und ing diff sib le) er enc es pos		Sep 30 , 20 15	Sep 30 , 20 14	Ab sol ute	in Per t cen
Rev en ues	€ m	85 .2	74 .2	11 .0	14 .8
EB ITD A	€ m	11 .9	8.3	3.6	43 .4
EB IT	€ m	9.5	5.9	3.6	61 .0
in EB IT ma rg	in %	11 .2	7.9	3.3
EB T	€ m	9.4	5.7	3.7	64 .9
Av mb of sha era ge nu er res	its un	13 84 7, 69 8 ,	13 93 2, 312 ,	–8 4, 614	–0 .6
¹ Ea rni sha ng s p er re	€	0.4 8	0.2 8	0.2 0	71 .4

1 Diluted = undiluted

2 Net cash fl ow – cash outfl ow due to investing activity

3 Equity capital/balance sheet total

Contents

Interim Group Management Report for the period from January 1 to September 30, 2015

1.	To l re d e ing de lop ta nt ve nu es an ar n s ve me . .	5 . . . . . .
2.	ic Ec t. . on om re p or . . . . . . . . . . . .	5 . . . . . .
2.1	Ge l c d it ion nd it ive nd it ion et ne ra on s a co mp co s .	.5 . . . . .
2. 2	Ea ing rn s. . . . . . . . . . . . . . . . . .	.5 . . . . .
2. 3	Ne t a ts sse . . . . . . . . . . . . . . .	8 . . . . . .
2.4	ina ia it ion F l p nc os . . . . . . . . . . . . .	8 . . . . . . .
2.5	E loy mp ee s. . . . . . . . . . . . . . . . .	9 . . . . . . .
3.	it ies is Fo d r ks t, t o tu rec as re p or n o p p or n an . .	9 . . . . . . .
3.1	F st. ore ca . . . . . . . . . . . . . . . .	9 . . . . . .
3. 2	Op it ies is for d r ks de lop ort nt p un an g rou p ve me .	9 . . . . . . .
4.	in ion Ot he fo at r rm . . . . . . . . . . . .	.1 0 . . . . .
4.1	I for ion bo de l ing it h r lat d t ut n ma a a s w e e
	ies d p co mp an an ers on s . . . . . . . . . .	10 . . . . .
4. 2	fte f t ing io Ev he d o he d . ts r t ort en a en re p p er . .	10 . . . . .
5.	inv ion S ha d lat to re an es r r e s . . . . . . .	. .1 0 . . . . .
5.1	S ha ice de lop nt re p r ve me . . . . . . . . . .	10 . . . . .
2 5.	S ha ho lde tru ctu re r s re . . . . . . . . . . .	10 . . . . .
5. 3	S ha bu ba k . re c y . . . . . . . . . . . . .	. . 1 1 . . . . .

Interim Condensed Consolidated Financial Statements for the period from January 1 to Sep 30, 2015

Co ida Sta l d Inc te tem t. . ns o om e en . . . . . . . . . . . .	. 1 3 .
Co l ida d Sta f Co he ive In te tem t o ns o en mp re ns co me . . . . .	. . 1 4 .
Co l ida d Ba lan S he te et ns o ce . . . . . . . . . . . . . .	. 1 5 .
Co l ida d Ca h F low Sta te tem t. . ns o s en . . . . . . . . . . .	6 . 1 .
Sta f C in Co ida ity ha l d Eq tem t o te en ng es ns o u . . . . . . . .	17 .
No he In im Co nd d Co l ida d tes to t ter te en se ns o
F ina ia l Sta f W hT A G ( IFR S ) for he tem ts t nc en o as ec
io d fro Ja 1 Se be r 3 0, 20 15 to tem p er m nu ary p . . . . . . .	. . 1 9 .
Co nta ct . . . . . . . . . . . . . . . . . . . . . .	6 2 .

F ina ia l nc	Ca len da	r . . .	. . .	. . .	. . . .	. . . . .	2 6 . .

Interim Group Management Report

1. Group revenues and earnings development

Currency-adjusted revenue growth of more than 10%

As a consequence of the – as expected – strong third quarter 2015 (€ 85.2m; prior year € 74.2m) revenues totaled € 245.8m and were € 29.6m (13.7%) higher than the prior year period (€ 216.2m). This amount includes positive currency eff ects of € 6.8m which will not continue to the same degree in Q4.

Revenue growth was achieved in all segments. EBIT almost doubled increasing to € 23.3m (prior year: € 11.8m) primarily due to higher revenues.

The order backlog being high since the beginning of the year continued to develop positively in the third quarter. At the end of the third quarter order backlog exceeded the prior year level. As revenues of the fourth quarter last year were very good, the Company is expecting that revenues in Q4 2015 will only be slightly higher than the same quarter of the prior year.

2. Economic report

2.1 General conditions and competitive conditions

In the important markets of Core Europe and North America, the investment conditions in our industry have improved compared to the situation described in the 2014 annual report. After negotiations of several major customer contracts were concluded, orders from these customers are expected to rise slightly as they are typically reduced prior to negotiations.

Otherwise, the general conditions were in line with the situation described in the 2014 Group Management Report. The same applies to the competitive conditions. There have been no signifi cant changes in technology, and none are foreseeable.

2.2 Earnings

2.2.1 Revenues by segments and products

Revenues by segment, Jan 1 to Sep 30

in € IFR S m,	Jan 1 t o	Jan 1 t o	Cha nge
ndi iff e ssib (rou ng d le) ren ces po	Sep 30 , 20 15	Sep 30 , 20 14	Abs olu te	%
Co Eu re rop e	19 8.3	178 .7	19. 6	11 .0
Eas n E ter uro pe	8.7	7.7	1.0	13 .0
No rth Am eri ca	40 .0	31 .4	8.6	27 .4
As ia/P aci fi c	10 .9	8.2	2.7	32 .9
Co lida tio nso n	–12 .0	–9 .8	–2 .2
To tal Gr ou p	24 5.8	21 6.2	29 .6	13 .7

Re by Q 3 nt, ve nu es seg me
in € S IFR m,	Jul 1 to	Jul 1 to	Cha nge
(rou ndi ng d iff e ssib le) ren ces po	Sep 30 , 20 15	Sep 30 , 20 14	Abs olu te	%
Co Eu re rop e	69 .9	61. 0	8.9	14 .6
Eas n E ter uro pe	3.3	3.0	0.3	10 .0
No rth Am eri ca	12 .8	10. 6	2.2	20 .8
ia/P aci fi c As	3.6	3.1	0.5	16 .1
Co lida tio nso n	–4 .4	–3 .5	–0 .9
To tal Gr ou p	85 .2	74 .2	11. 0	14 .8

The positive revenue development was reported by all regions, but particularly by Europe and North America. In North America, revenues in US dollars amounted to USD 44.5m (prior year: USD 42.5 m). Group revenues in the quarter increased by 14.8% (Q3 2015: € 85.2m; Q3 2014: € 74.2m) compared to the prior year quarter – which was weaker than average – and were therefore, as expected, slightly higher than the 13.7% half-year growth rate.

All regions reporting growth

Equipment and service segment growing dis proportionately

Se Re by du Jan 1 30 ct, to ve nu es pro p
in € IFR S m,	Jan 1 t o	Jan 1 t o	Cha	nge
(rou ndi ng d iff e ssib le) ren ces po	Sep 30 , 20 15	Sep 30 , 20 14	Abs olu te	%
Eq uip and Se rvi nt me ce	20 7.2	181 .0	26 .2	14 .5
Ch ica ls em	28 .5	25 .5	3.0	11 .8
Op bu sin d o the tor era ess an r	10 .1	9.7	0.4	4.1
To tal	24 5.8	21 6.2	29 .6	13 .7

Re by du Q 3 ct, ve nu es pro
in € IFR S m,	Jul 1 to	Jul 1 to	Cha nge
ndi iff e ssib (rou ng d le) ren ces po	Sep 30 , 20 15	Sep 30 , 20 14	Abs olu te	%
Eq uip and Se rvi nt me ce	74 .3	64 .0	10. 3	16 .1
Ch ica ls em	7.8	7.2	0.6	8.3
Op bu sin d o the tor era ess an r	3.1	3.1	0.0	0.0
To tal	85 .2	.2 74	0 11.	.8 14

In all product segments and customer groups, revenues were increased in the fi rst three quarters of the year. Equipment and service developed particularly favorably.

2.2.2 Expense items and earnings

Ea rni Jan 1 Se 30 to ng s, p
in € S IFR m,	Jan 1 t o	Jan 1 t o	Cha nge
(rou ndi ng d iff e ssib le) ren ces po	Sep 30 , 20 15	Sep 30 , 20 14	Abs olu te	%
Gro fi t* ss pro	14 8.2	132 .0	16. 2	12 .3
EB ITD A	30 .5	19. 3	11. 2	58 .0
EB IT	23 .3	11. 8	11. 5	97 .5
EB T	22 .9	11. 2	11. 7	10 4.5

* Revenue plus change in inventory minus cost of materials

Earnings, Q3

in € S IFR m,	Jul 1 to	Jul 1 to	Cha nge
(rou ndi ng d iff e ssib le) ren ces po	Sep 30 , 20 15	Sep 30 , 20 14	Abs olu te	%
Gro fi t* ss pro	51 .5	45 .7	5.8	12 .7
EB ITD A	11 .9	8.3	3.6	43 .4
EB IT	9.5	5.9	3.6	61 .0
EB T	9.4	5.7	3.7	64 .9

* Revenue plus change in inventory minus cost of materials

Comparable to the half-year reporting 2015, the gross profi t margin remained at a level slightly above 60% and being slightly better than in the prior years.

Personnel expenses increased only moderately by € 2.2m to € 83.6m (prior year: € 81.4m), primarily due to currency eff ects included equaling roughly € 2.0m. As of the end of the year, the increase will become even less. This growth, which is not in proportion to the revenue growth, is attributable to, among other things, human resource measures implemented in 2014 and refl ects signifi cantly our improved effi ciency.

Other operating expenses (including other taxes) increased by € 3.1m to € 37.7m (prior year: € 34.6m). The main reasons for this

Disproportionately low personnel expenses development

development were currency eff ects and eff ects from the valuation of assets and liabilities held in foreign currency in the amount of € 2.2m, as well as higher expenses for temporary employees due to the increased revenues.

EBITDA rose by € 11.2m to € 30.5m (prior year: € 19.3m). As of Q3 2015, depreciation and amortization were 5% below the prior year value.

EBIT almost doubled

EBIT increased by 97.5% to € 23.3m (prior year: € 11.8m).

EB IT by . Ja n 1 Se 30 nts to seg me p
in € IFR S m.	Jan 1 t o	Jan 1 t o	Cha	nge
ndi iff e ssib (rou ng d le) ren ces po	Sep 30 , 20 15	Sep 30 , 20 14	Abs olu te	%
Co Eu re rop e	21 .8	11. 7	10. 1	86 .3
Eas n E ter uro pe	0.1	– 0 .1	0.2	20 0.0
No rth Am eri ca	1.2	0.4	0.8	20 0.0
As ia/ Pac ifi c	0.3	– 0 .1	0.4	40 0.0
Co lida tio nso n	– 0 .1	0.0	– 0 .1	–
Gr ou p	23 .3	11. 8	11. 5	97 .5

EB IT by Q 3 nts seg me ,
in € IFR S m.	Jul 1 to	Jul 1 to	Cha	nge
(rou ndi ng d iff e ssib le) ren ces po	Sep 30 , 20 15	Sep 30 , 20 14	Abs olu te	%
Co Eu re rop e	9.8	5.8	4.0	69 .0
Eas n E ter uro pe	0.1	0.1	0.0	0.0
No rth Am eri ca	– 0 .2	– 0 .2	0.0	0.0
ia/ ifi c As Pac	0.1	0.2	– 0 .1	– 5 0.0
Co lida tio nso n	– 0 .3	– 0 .1	– 0 .2	–
Gr ou p	9.5	5.9	3.6	61 .0

The EBIT increase in all segments is primarily based on the revenue growth achieved. The results of the Eastern European segment, which showed a slight decrease in earnings compared to the prior

year period in Q2 2015, have improved again and reported a positive result. Due to the organizational consolidation of all European export markets, this segment will be reported separately for the last time in the annual report.

The negative results in North America in this quarter are a consequence of the changes caused by the loss of a major client eff ective July 1, 2015. In Q4, this eff ect will not continue because of expected higher revenues in the United States.

The exchange rate development between the US dollar and the euro had an impact on revenues, but it had no material eff ect on the operating income. The balance sheet date valuation used for the assets and liabilities reported in a foreign currency on the balance sheet had an infl uence on earnings of € –0.5 (other operating income: € 1.4m; other operating expenses: € 1.9m) (prior year: € 0.2m).

The consolidated net profi t after taxes increased to € 15.5m (prior year: € 7.6m). Earnings per share (diluted = undiluted) therefore rose to € 1.11 (prior year: € 0.55).

2.3 Net Assets

Ba lan Sh As s in € IFR S eet set ce m,	Se t 3 0, p	De c 3 1,
(ro und ing di ff e ssi ble ) ren ces po	20 15	20 14
No ent set n-c urr as s	85 .4	87 .1
the f in ible tan set reo g as s	5.6	6.2
the f ta reo xes	4.0	4.1
Cu nt ets rre ass	6.1 10	98 .7
the f in ies tor reo ven	41 .2	35 .4
the f tr ade cei vab les her , ot set reo re as s	50 .6	44 .6
the f ca sh and sh uiv ale nts reo ca eq	6.4	15. 7
To tal set as s	19 1.5	185 .8

Ba lan Sh Li ab ilit ies in € IFR S eet ce m,	Se t 3 0, p	De c 3 1,
ing di ff e ssi (ro und ble ) ren ces po	20 15	20 14
Eq uit ita l y c ap	70 .9	90 .9
Lia bil itie ba nks s to	15 .3	0.3
Oth liab ilit ies d p isio er an rov ns	94 .1	83 .5
the f tr ad ble reo e p aya s	9.3	5.9
the f p isio (in clu din inc de bt) e t reo rov ns g om ax	34 .3	31 .0
De fer red in com e	8.3	8.2
fer iab ilit ies De red x l ta	2.9	2.9
uit liab ilit ies To tal nd eq y a	19 1.5	185 .8

Based on the high order backlog and revenues, the net current assets (short-term trade receivables + inventories – short-term trade payables) rose signifi cantly. The receivables increased due to higher revenues primarily in the month of September.

Equity capital fell to € 70.9m as of September 30, 2015 (December 31, 2014: € 90.9m) due to the dividend payment and share buyback. As a result of income and expenses recognized directly in equity capital according to IFRS, the change in equity capital does not match up with the results for the period. The equity ratio decreased relative to the end of 2014 from 48.9% to 37.0%.

Despite a special dividend and the share buyback program, equity capital ratio solid at 37%

Net bank debt (long-term and short-term bank debt less bank credit balances) was € 8.9m (December 31, 2014: net liquidity of € 15.4m) because of the dividend payment and the share buyback. Net fi nance debt (net bank debt plus long-term and short-term fi nance leasing) increased to € 13.7m (December 31, 2014: net fi nancial liquidity: € 9.8m).

Other liabilities and provisions increased to € 94.1m because of higher prepayments received as well as higher tax liabilities (December 31, 2014: € 83.5m).

2.4 Financial Position

Cash infl ow from operating activities (net cash fl ow) increased only slightly to € 17.6m (prior year: € 17.0m). The increase in net cash fl ow was below the earnings development. This is attributable to the corporate tax payment made in connection with the dividend payment and the increase in working capital in Q3.

Cash outfl ow from investing activities increased slightly to € 3.7m (prior year: € 3.0m).

The free cash fl ow (net cash fl ow less cash outfl ow from investing activities) thereby equaled € 14.0m (prior year: € 14.0m).

Overall, cash and cash equivalents declined by € 24.3m to € – 8.9m compared to December 31, 2014, mostly due to the dividend payment and share buyback.

2.5 Employees

WashTec Group will invest more in employees Compared to September 30, 2014, the number of employees increased slightly by 5. Compared to December 31, 2014, the number of employees rose by 17 to 1,681. The employee number will increase slightly mid-term based on continued investments in HR development, sales and production.

3. Forecast, Opportunities and Risk Report

3.1 Forecast

After nine months currency-adjusted revenue growth equals 10.5%. This growth will not continue in Q4 due to the fact that the same quarter last year was strong. Based on this background, the Company is aiming for a revenue growth of about 10% (at least 7% after adjustments for currency eff ects) for the full year 2015.

The current EBIT margin as of the third quarter of 2015 is 9.5% and will only slightly increase for the full year.

In this respect, the following development is expected in the individual segments:

• Core Europe: revenues and earning increasing signifi cantly and thus the forecast is being adjusted upward compared to the 2014 annual report
• Eastern Europe: revenues and earnings increasing signifi cantly
• North America: revenues and earnings increasing signifi cantly
• Asia/Pacifi c: revenues and earnings increasing signifi cantly.

This forecast is uncertain. A key factor for the mid-term forecast will be how the business in Core Europe develops and to what extent the growth potential in the other markets will be used. Likewise, the exchange rate trend between the US dollar and the euro is almost impossible to forecast.

3.2 Opportunities and risks for group development

The 2014 annual report includes a description of the WashTec Group's risk management. There have been no material changes in the opportunities and risks described therein. As previously communicated and due to the completion of negotiations, only the risk of losing major customer contracts has been reduced. The Group is currently completely updating all risks and opportunities and will communicate them in the 2015 annual report. According to current information, the balance between opportunities and risks will continue to improve.

4. Miscellaneous information

4.1 Information about dealings with related companies and persons

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

4.2 Events after the end of the reporting period

No signifi cant events occurred after the end of the reporting period.

5. Share and investor relations

5.1 Share price development

High dividend yield at 13% (2014)

Despite a turbulent phase on the international stock markets, the WashTec share price performed favorably in the third quarter and closed at € 21.76 on September 30, 2015. This corresponds to a 66.1% share price increase compared to the € 13.10 closing price posted on the last trading day of the prior year (December 30, 2014). The WashTec share was thereby able to signifi cantly outperform the SDAX index, which rose by 13.7% in the same period. Moreover, a dividend of € 0.70 and a special dividend of € 0.95 was paid out.

WashTec is currently covered by Hauck & Aufhäuser, HSBC Trinkaus & Burkhardt and MM Warburg. Analysts see the share price target ranging from € 25.0 to € 28.00 (as of September 2015).

5.2 Shareholder structure

ldi in Sh ho % are ng	Sep 30 , 20 15
Ke Ora nje Pa rtic ipa tie s N .V. mp en	10 .73
¹ EQ MC Eu e D lop Ca ital Fu nd lc nt rop eve me p p	9.7 8
Dr. Ku rt S chw (u Ke rki s G mb H, Lei fi n a G mb H & Co . K G) arz . a.	8.3 8
Div ity rie ldin AG Ind Ho ust ers g	6.1 9
Par ad igm Ca ital Va lue Fu nd p	6.0 1
BN Y M ello n S ice Ka ital lag e-G llsc haf bH t m erv p an ese	5.6 1
Inv nt A G f ür lan fris tig e I TG V est sto me g nve ren	5.4 3
Laz ard Fr ère s G ion S. A.S est	5.0 1
AG Wa shT sh ec – o wn are s	4.2 5
² De is F ily Ris idu Tr ust sm ara am ary	3.4 8
Fre e fl oat	35 .13
1 N má Din ia, S.A s1 am 2 Se ta A t M tan ent sse ana gem

Based on notifi cations made pursuant to the WpHG

In the third quarter of 2015, WashTec AG received the following voting rights notifi cations in accordance with the Securities Trading Act: On July 24, 2015, Nmás1 Dinamia, S.A. (Madrid, Spain) notifi ed us that its voting share had climbed above the 3%, 5% and 10% thresholds on July 20, 2015 and equaled 10.80% on that date (previously: Nmás Asset Management, SGII, S.A. (Madrid, Spain: 14.9%). On September 17, 2015, Nmás1 Dinamia, S.A. (Madrid, Spain) informed us that its voting share had fallen below the 10% threshold on September 16, 2015 and equaled 9.78% on that date. In both cases, the voting share was attributed to EQMC Europe Development Capital Fund plc. (Dublin, Ireland).

On September 30, 2015, Kempen Oranje Participaties N.V. (Amsterdam, Netherlands) informed us that its voting share had climbed above the 3%, 5% and 10% thresholds on September 28, 2015 and equaled 10.73% on that date. The notifi cation was made because of a merger between Kempen European Participations N. V. and Kempen Oranje Participaties N. V.

As a result of the share buyback, WashTec AG reported that it was holding 4.25% of its own shares (treasury stock).

The management board also acquired shares of the Group

In September 2015, the Company received a notifi cation pursuant to the WpHG that its CEO, Dr. Volker Zimmermann, purchased 12,500 shares at a per share price of € 22.00. By virtue of this purchase, the operational management now has a vested stake in the Company, as the majority of the supervisory board members do.

In the fi rst three quarters of 2015, the management constantly cultivated the dialogue with shareholders and journalists as well as with the fi nancial community. WashTec took part in the Baader Investment Conference, and numerous investors paid a visit to Augsburg.

The fi nancial press has on numerous occasions reported favorably about WashTec's outlook.

5.3 Share buyback

In the third quarter, WashTec AG carried out a public buyback off er to reacquire its own outstanding shares.

In connection with the voluntary share buyback off er, which WashTec AG made in order to repurchase its own outstanding shares and which WashTec AG published on August 18, 2015 in the Federal Gazette [Bundesanzeiger] and on its website (www.washtec.de), a total of 5,871,173 shares were tendered to WashTec AG on or before the expiration of the acceptance deadline on September 9, 2015.

The WashTec AG off er related to a total of up to 550,000 shares of WashTec AG.

Upon factoring in both the preferential acceptance from shareholders who had submitted up to a maximum of 100 shares and an allotment rate of 9.2220%, WashTec AG thereby acquired a total of 549,988 shares (refl ecting approximately 3.93% of the registered share capital) pursuant to the share buyback off er and upon applying the recognized rules of commercial rounding-off .

After the completion of the buyback off er and taking into account the shares it already held, WashTec AG is now holding a total of 594,646 of its own shares.

Consolidated Income Statement

in €	Jan 1 t o	Jan 1 t o	Jul 1 t o	Jul 1 t o
	Sep 30 , 20 15	Sep 30 , 20 14	Sep 30 , 20 15	Sep 30 , 20 14
Rev en ues	116 245 808 , ,	216 164 247 , ,	85, 225 877 ,	74, 225 829 ,
Oth tin inc er op era g om e	3, 133 72 0 ,	3, 06 9, 54 6	811 94 0 ,	1, 34 6, 08 5
Oth ital ize d d lop nt ts er cap eve me cos	42 5, 30 3	20 8, 34 2	21, 94 9	171 173 ,
Ch in inv ent ang es ory	4, 78 8, 419	2, 766 80 5 ,	1, 85 9, 58 0	1, 314 83 8 ,
To tal	25 4, 155 55 8 ,	22 2, 20 8, 94 0	87, 91 9, 34 6	77, 05 7, 92 5
Co f m ria ls st o ate
Co f ra ria ls, ab les d s lies d o f p has ed ial st o ate ter w m con sum an up p an urc ma	83 112 98 2 , ,	70 84 5, 54 4 ,	28 59 5, 215 ,	23 97 0, 165 ,
Co f p has ed vic st o urc ser es	19, 32 7, 97 9	16, 076 718 ,	7, 02 8, 576	5, 86 1, 02 0
	102 44 0, 96 1 ,	86 92 2, 26 2 ,	35 62 3, 79 1 ,	29, 83 1, 185
Pe el rso nn ex pe nse s	83, 006 574 ,	81 39 5, 71 7 ,	27, 99 97 2 4,	26 83 5, 714 ,
Am iza tio de cia tio nd im irm of ible ort ent ta n, pre n a pa ng
and in ible tan set g as s	7, 155 016 ,	7, 529 836 ,	2, 37 8, 734	2, 42 5, 175
Oth tin er op era g e xp ens es	37, 00 7, 78 2	34 09 0, 58 5 ,	12, 154 89 3 ,	11, 917 36 4 ,
Oth tax er es	64 9, 80 1	47 7, 324	23 3, 166	182 96 9 ,
To tal tin op era g e xp en ses	23 0, 827 56 6 ,	21 0, 72 41 5, 4	78 38 6 5, 55 ,	192 40 71 7 , ,
EB IT	23 32 7, 99 2 ,	6 11, 79 3, 21	9, 53 3, 79 0	86 5, 5, 51 8
Int nd sim ilar in e (fi nci al i ) st a ere com na nco me	39 2, 038	302 31 8 ,	136 674 ,	111 05 1 ,
Int nd sim ilar (fi cia l ex ) st a ere ex pen ses nan pen ses	77 5, 057	85 1, 268	259 716 ,	323 33 1 ,
Fin cia l re sul t an	–38 3, 019	8, 950 –54	–12 3, 042	–21 2, 28 0
EB T	22, 944 973	266 11, 244	9, 41 0, 748	653 5, 23 8
	,	,		,
Inc e ta om xes	–7, 46 9, 879	–3, 60 1, 02 1	–2, 698 813	–1, 723 188
			,	,
Co lid d n inc ate et nso om e	09 15, 47 5, 4	64 3, 24 7, 5	6, 93 71 1, 5	3, 93 0, 05 0
ig din We hte d a be f o ha uts tan ve rag e n um r o g s res	13 904 813 , ,	13, 932 312 ,	698 13, 847 ,	13, 932 312 ,
Ea rni sha (ba sic dil d) ute ng s p er re =	1.1 1	0.5 5	0.4 8	0.2 8

Consolidated Statement of Comprehensive Income

In € k	Jan 1 t o Sep 30 , 20 15	Jan 1 t o Sep 30 , 20 14	Jul 1 t o Sep 30 , 20 15	Jul 1 t o Sep 30 , 20 14
fi t (lo ss) af Pro ter ta x	15, 475	643 7,	6, 27 1	3, 930
Ac ria l ga ins /lo s fr de fi n ed ben efi t ob liga tio and sim ilar ob liga tio tua sse om ns ns	0	–6	0	0
Ite hic h c be cla ssi fi e d s ub ntl fi t d l not to ms an re seq ue pro an oss , w y	0	–6	0	0
jus m f ati of f ign bsi dia rie Ad Ite the nsl nd cha tm ent tra or cu rre ncy on ore su s a cur ren cy nge s	93 3	57 5	143	45 4
Exc han diff inv in bsi dia rie et est nts ge ere nce s o n n me su s	–5 59	4	–4 52	1
De fer red ta xes	–85	–8 5	1	–76
hic sifi fi t Ite h c ld be sub ntl las ed d l to ms , w ou seq ue y c pro an oss	28 9	49 4	–3 08	37 9
tio ain ize ire in uit Va lua s/lo d d ctl n g sse s r eco gn y eq y	28 9	48 8	–30 8	37 9
To tal In nd d v alu ati in ins /lo ize d d ire ctl in uit com e a ex pe nse an on ga sse s r eco gn eq y y	76 15 4 ,	8, 13 1	6, 40 4	30 9 4,

Consolidated Balance Sheet

Th th oli ote s to e n e c ons
s fo dat ed sta tem ent rm an
inte l pa f th oli rt o gra e c ons
dat ed fi na nci al s tat ent em s.
Ro und ing diff er enc es are
sib le. pos

As set s	Sep 30 , 20 15	De c 3 1, 2 014
in €			in €
No t a ts n-c urr en sse			Eq uit y
Pro lan nd uip rty t a nt pe , p eq me	30 805 687 , ,	32, 689 697 ,
Go wi od ll	765 42 31 1, ,	286 42 312 , ,
Int ibl ts an g e a sse	5, 58 9, 414	6, 193 69 5 ,
Tra de eiv ab les rec	2, 45 4, 34 1	1, 36 3, 49 2
Tax cei vab les re	45 06 0 ,	90 36 7 ,
Oth ets er ass	18 0, 77 7	42 2, 42 1
fer De red ta ts x a sse	4, 02 1, 53 5	4, 07 5, 514
To tal t a ts no n-c urr en sse	85 40 8, 57 9 ,	87, 147 47 2 ,
Cu nt ets rre ass
ori Inv ent es	41 22 9, 94 7	35 43 7, 20 7
eiv Tra de ab les rec	, 46 22 4, 192	, 41, 712 07 0
Tax cei vab les	, 817 235	, 2, 95 79 3
re Oth	7, , 394 293	5, 89 57 3
ets er ass Ca sh d c ash uiv ale nts	4, , 415 49 9	2, 5, 674 189
an eq	6, ,	15, ,
To tal nt ets cu rre ass	10 6, 08 166 1,	98, 674 832 ,
To tal set as s	19 1, 48 9, 74 5	185 82 2, 30 4 ,

Lia bili tie s	Sep 30 , 20 15	De c 3 1, 2 014
in €
uit Eq y
Su bsc rib ed ita l cap	40 000 000 , ,	40 000 000 , ,
Co nti ita l ent ng ca p	8, 000 000 ,	8, 000 000 ,
Ca ita l re p ser ves	36 46 3, 44 1 ,	36 46 3, 44 1 ,
Tre sha asu ry res	176 –13 78 8 , ,	06 –4 17, 7
Oth nd han ff e rat cts er res eve s a exc ge e e	–3 116 59 8 , ,	–3 40 5, 44 2 ,
Pro fi t for rd car ry wa	–4 711 82 9 , ,	5, 55 6, 22 0
Co lida ted t in e (f the rio d) nso ne com or pe	15 47 5, 09 4 ,	12, 72 0, 26 5
	70 93 3, 32 0 ,	90 91 7, 41 7 ,
t li ilit ies No ab n-c urr en
Fin lea sin liab ilit ies an ce g	3, 169 917 ,	3, 761 876 ,
Pro vis ion s fo ion r p ens s	9, 95 3, 45 5	9, 89 3, 416
Oth ovi sio ent er no n-c urr pr ns	3, 064 734 ,	3, 47 0, 46 8
Oth lia bil itie ent er no n-c urr s	91 0, 766	2, 03 2, 93 3
fer in De red com e	97 5, 53 1	62 95 7, 7
De fer red x l iab ilit ies ta	2, 870 086 ,	2, 87 8, 57 9
t li ilit ies To tal ab no n-c urr en	20 94 4, 48 9 ,	22 99 4, 89 9 ,
Cu lia bil itie nt rre s
rin Int bea loa st- ere g ns	26 6, 760 15 ,	25 2, 130
Fin lea sin liab ilit ies an ce g	1, 69 0, 23 8	1, 90 2, 614
Pre de nts pay me on or rs	7, 015 40 2 ,	4, 60 7, 92 0
Tra de ab les pay	9, 34 1, 116	5, 94 9, 82 8
Tax d l evi es an es	4, 58 7, 67 2	5, 77 1, 85 8
Lia bil itie s fo cia l se rity r so cu	93 3, 142	95 0, 92 6
ovi sio Tax pr ns	6, 6, 50 72 3	2, 79 1, 40 2
Oth liab ilit ies nt er cu rre	32 142 80 9 , ,	27, 54 5, 418
Oth vis ion nt er cu rre pro s	14 816 30 3 , ,	14, 85 6, 710
De fer red in com e	7, 31 1, 77 1	7, 28 1, 182
To tal lia bil itie nt cu rre s	99 611 93 6 , ,	71 90 9, 98 8 ,
uit lia bil itie To tal nd eq y a s	19 1, 48 9, 74 5	185 82 2, 30 4 ,

Consolidated Cash Flow Statement

Th th oli ote s to e n e c ons
dat ed s fo sta tem ent rm an
inte l pa f th oli rt o gra e c ons
dat ed fi na nci al s tat ent em s.
ing diff Ro und er enc es are
sib le. pos

in € k	Sep 30 , 20 15	Sep 30 , 20 14
EB T	22, 945	244 11,
Adj nci rof i efo f l ow le p t b sh ust nt to r tax to net me eco re ca s:
Am iza tio de cia tio nd im irm of ort ent ent set n, pre n a pa no n-c urr as s	7, 155	7, 53 0
Ga in/ los s fr di sal f n t as set om spo s o on- cur ren s	–13 0	42
Oth ins /lo er ga sse s	–1 05 8 ,	–7 87
Fin ial (in ) in ter est anc com e	–3 92	–3 02
Fin ial (in ) ex ter est anc pen se	77 5	85 1
s in ovi sio Mo ent vem pr ns	62 –3	54
Ch in n ork ing ital et w ang es ca p :
Inc se/ dec in t rad iva ble rea rea se e r ece s	–5 60 3 ,	1, 605
Inc se/ dec in inv ori ent rea rea se es	–5 30 1 ,	–4 154 ,
Inc se/ dec in t rad ble rea rea se e p aya s	3, 418	915
Ch in o ing ital the ork et w ang es r n ca p	4, 797	106 4,
aid Inc e ta om x p	61 –8 1 ,	–4 090 ,
tin cti vit ies Ne ash fl o fro t c ws m op era g a	17, 63 3	17, 014
Pu rch of lan nd uip (wi tho ut fi lea sin ) ert t a nt ase pr op y, p eq me na nce g	–3 97 1 ,	–3 212 ,
Pro ds fro ale of lan nd uip ert t a nt cee m s pr op y, p eq me	31 8	171
fl o fro inv ing tiv itie Ne ash t c est ws m ac s	65 –3 3 ,	– 3 04 1 ,
Div ide nd t pay ou	–2 2, 988	–8 917 ,
Sh bu bac k are y	–1 2, 760	0
Int ive d st r ere ece	36	47
Int aid st p ere	18 –7	–7 75
of lia bil itie s fr fi n Re e le nt ent pay me no n-c urr om anc ase s	–1 44 9 ,	6 –1 59 ,
in fi nci ivit ies Ne ash fl o ed t c act ws us na ng	–3 7, 87 9	– 1 1, 24 1
in uiv Ne t In /de sh d c ash ale nts cre ase cre ase ca an eq	–2 3, 89 9	2, 732
Ne t fo rei cha e d iff e gn ex ng ren ce	–3 75	– 3 90
Ca sh d c ash uiv ale Ja nts at 1 an eq nu ary	42 2 15,	2, 743
Ca uiv Se sh d c ash ale be r 3 0 nts at tem an eq p	–8 85 2 ,	5, 085
osi tio uiv Co f c ash d c ash ale fo ash fl o nts mp n o an eq r c w pu rpo ses :
uiv Ca sh d c ash ale nts an eq	6, 41 5	10, 33 1
Cu ban k l iab ilit ies nt rre	–1 5, 267	– 5 246 ,
Ca sh d c ash uiv ale Se be r 3 0 nts at tem an eq p	–8 852 ,	085 5,

Statement of Changes in Consolidated Equity

The notes to the consolidated statements form an integral part of the consolidated fi nancial statements.Rounding diff erences are possible.

in € k	Nu mb er of sha res	rib Su bsc ed ita Ca l p	ita Ca l p res erv e	Tre asu ry sha res	Oth er res erv es	Ex cha ng e eff ect s	Pro fi t rie d car	To tal
	(in its) un						for rd wa
of As Ja 1, 20 14 nu	13 932 312	40 000	36, 464	–41 7	876 –2,	18 1	14, 473	87, 825
ary	, ,	,
Inc nd niz ed dir ly ect om e a exp ens es rec og in e ity qu					–2	57 5		57 3
Tax ctio niz ed dir ly tra ect es on nsa ns rec og
in e ity qu					–8 5			–85
Div ide nd							–8 917 ,	–8, 917
Co lida ted t in e fo r th eri od nso ne com e p							7, 643	7, 643
of Se As be r 3 0, 20 14 tem p	13 93 2, 31 2 ,	40 00 0 ,	36 46 4 ,	–4 17	96 –2 3 ,	6 75	13, 19 9	87, 039
As of Ja 1, 20 15 nu ary	13 93 2, 31 2 ,	40 00 0 ,	36 46 4 ,	–4 17	–4 21 7 ,	81 2	18, 27 7	90, 917
Inc nd niz ed dir ly ect om e a exp ens es rec og
in e ity qu					–5 59	93 3		374
Tax ctio niz ed dir ly tra ect es on nsa ns rec og in e ity qu					–85			–85
Sh bu bac k are y-	–54 9, 988			–1 2, 760				–12 760 ,
Div ide nd							–2 2, 98 8	–22 988 ,
Co lida ted t in e fo r th eri od nso ne com e p							15, 47 5	15, 47 5
As of Se be r 3 0, 20 15 tem p	13 382 324 , ,	40 000 ,	36, 464	–13 177 ,	–4, 86 1	1, 745	10, 764	70, 933

Notes to the Interim Condensed Consolidated Financial Statements

Notes to the Interim Condensed Consolidated Financial Statements of WashTec AG (IFRS) for the period January 1 to September 30, 2015

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 offi ce is located at Argonstrasse 7 in 86153 Augsburg, Germany.

The Company's shares are publicly traded.

The purpose of the WashTec Group also comprises the development, manufacture, sale and servicing of car wash products, as well as leasing and all services and fi nancing solutions that are related thereto and required in order to operate car wash equipment.

The consolidated fi nancial 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 the fi nancial statements

The accounting and valuation methods, which were applied when preparing the interim condensed consolidated fi nancial statements, comply with the methods that were used when preparing the consolidated fi nancial statements for the fi scal year ending December 31, 2014, except for the tax calculation. The tax calculation for condensed interim fi nancial statements is done by multiplying the result with the anticipated applicable annual tax rate.

The interim condensed consolidated fi nancial statements for the period January 1 through September 30, 2015 were prepared in accordance with IAS 34, »Interim Financial Reporting«.

The interim condensed consolidated fi nancial statements do not include all explanations and information required for the fi nancial statements for the fi scal year and should be read in conjunction with the consolidated fi nancial statements for the period ending December 31, 2014.

Signifi cant accounting and valuation methods

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

Sta nda rd/ ati Int ret erp on	Tit le	Ma nda tor y lica tio app n	En do nt rse me by the EU	ial Ma eff ter ect s o n Wa shT ec
IFR S	An l Im IF RS s (2 011 –20 13 le) ent s to nua pro vem cyc	01 -Ja n-1 5	18 -De c-1 4	no ne

Furthermore, the IASB and the IFRS Interpretations Committee adopted the following listed standards, interpretation and amendments that in fi scal year 2015 are not yet required to be applied or have not yet been recognized by the EU.

As of September 30, WashTec has not applied these standards earlier than required. WashTec plans to adopt the standards on the date on which they were recognized and accepted by the EU.

Sta nda rd/ Int ati ret erp on	Tit le	Ma nda tor y lica tio app n	En do nt rse me by the EU	Ma ial eff ter ect s o n Wa shT ec
IAS 1	Am end IAS Pre ion of Fin ial Sta Dis clo nts to 1 tat tem ent me sen anc s – sur e Init iati ve	01- Jan -16	ted in Q4 20 15 ex pec	no ne
IAS 16 d an IAS 38	IAS ipm Am end 16 Pr , P lan d E d nts to rty t an ent me ope qu an IAS 38 In ible As Cla rifi ion of Ac tab le M eth ods of tan set cat g s - cep De cia tio nd Am iza tio ort pre n a n	01- Jan -16	in Q4 ted 20 15 ex pec	no ne
IAS 16 d an IAS 41	Am end IAS 16 Pr , P lan d E ipm d nts to rty t an ent me ope qu an IAS 41 Ag ric ult – B Pla nts ure ear er	01- Jan -16	ted in Q4 20 15 ex pec	no ne
IAS 19	Am end IAS 19 Em loy Be nefi – E loy Co ibu tio nts to ts ntr me p ee mp ee ns	01 -Fe b-1 5	De 17- c-1 4	no ne
IAS 27	IAS Se Fi cia l St Am end 27 nts to ate ate nts me par nan me – Equ ity Me tho d in Se Fi cia l St ate ate nts par nan me	-16 01- Jan	in Q4 ted 20 15 ex pec	no ne
IFR S 9	Fin ial Ins tru nts anc me	01 -Ja n-1 8	ted in H2 20 15 ex pec	ntly vie d cu rre re we
IFR S 1 0 a nd IAS 28	Am end IFR S 1 0 C olid d F ina nci al S nd nts to ate tat ent me ons em s a IAS 28 In s in As iate nd Joi nt V Sal r C rib tm ent ent ont ves soc s a ure s – e o u tio f A ts b In d it s A cia r Jo int Ve etw tor te o ntu n o sse een an ves an sso re	01- Jan -16 (po stp nt one me ed) ect exp	ned ait ing tpo pos – w Exp Dra ft f osu re rom IAS B	non e
IFR S 1 0, IFR S S 2 12 and IA 8	Am end IFR S 1 0 C olid d F ina nci al S s, I FR S 1 2 D is nts to ate tat ent me ons em f In s in Ot titi S 2 s in iate clo her En and IA 8 I As ter est stm ent sur e o es nve soc s and Jo int Ve - A ly ing th e C olid atio n E ion ntu pt res pp ons xce	01- Jan -16	ted in Q1 20 16 ex pec	no ne
IFR S 1 1	Am end IFR S 1 1 J oin t A nts to nts me rra nge me – Ac nti for Ac isit ion f In s in Jo int Op tio ter est cou ng qu s o era ns	01- Jan -16	ted in Q4 20 15 ex pec	no ne
IFR S 1 4	Reg ula Def al A tor unt y err cco s	01 -Ja n-1 6	be dec ide d to	no ne
IFR S 1 5	Rev e fr Co ith Cu ntr act sto enu om s w me rs	01 -Ja 8 n-1	ted in Q1 20 16 ex pec	ntly vie d cu rre re we
S IFR	RS An l Im IF s (2 012 –20 14 le) ent s to nua pro vem cyc	6 01 -Ja n-1	in Q1 16 ted 20 ex pec	no ne

3. Segment reporting

Jan Se 20 15 to p,	Co re	Eas ter n	No rth	As ia&	Co li nso	Gro up
in € k, r nd ing di ff e ssi ble ou ren ces po	Eu rop e	Eu rop e	eri Am ca	ifi c Pac	ion dat
Re ve nu e	198 32 4 ,	68 8, 1	39 97 5 ,	10, 85 9	–12 03 1 ,	24 5, 80 8
the f th ird rty reo pa	18 6, 68 3	8, 64 6	39, 75 3	10, 85 6	–13 0	24 5, 80 8
the f o the ent reo r se gm s	11 64 2 ,	36	22 2	4	–11 90 3 ,	0
EB IT	21 79 0 ,	10 9	21 1, 5	32 4	–10 8	23 32 8 ,
sim ilar in e (fi nci al i Int nd ) st a ere com na nco me						39 2
Int nd sim ilar (fi cia l ex ) st a ere ex pen ses nan pen ses						–7 75
EB T						22 94 5 ,
Inc e ta om xes						–7, 47 0
Co lid d n inc ate et nso om e						15, 47 5

Jan Se 20 14 to p,	Co re	Eas ter n	No rth	ia& As	li Co nso	Gro up
in € ing di ssi k, r nd ff e ble ou ren ces po	Eu rop e	Eu rop e	eri Am ca	ifi c Pac	ion dat
Re ve nu e	178 72 6 ,	70 0 7,	31 38 0 ,	8, 16 8	–9, 81 7	21 6, 157
f th ird the rty reo pa	16 9, 139	69 7, 2	276 31,	169 8,	–12 0	216 157 ,
the f o the ent reo r se gm s	9, 58 7	8	104	–1	–9, 69 8	0
EB IT	11, 67 2	–12 2	39 6	–11 7	–3 4	11, 79 3
Int nd sim ilar in e (fi nci al i ) st a ere com na nco me						30 2
Int nd sim ilar (fi cia l ex ) st a ere ex pen ses nan pen ses						–8 51
EB T						11, 24 4
Inc e ta om xes						–3 60 1 ,
lid inc Co d n ate et nso om e						7, 64 3

4. Equity capital

The subscribed capital of WashTec AG on September 30, 2015 equaled € 40,000k. This capital is divided into 13,976,970 no-par value bearer shares and has been fully paid-in.

On the basis of the resolution adopted at the annual general meeting held on May 15, 2013, the management board of Washtec AG, with the consent of the Company's supervisory board, decided to purchase up to 550,000 of its own shares (corresponding to a 3.94% share of the registered share capital) under a voluntary share buyback off er made to the general public. The term of the buyback off er began on August 19, 2015 and ended on September 9, 2015.

In the current fi scal year, the Company purchased 549,988 shares at a value of € 12,760k. The purchases thereby reduced the number of issued and outstanding shares to 13,382,324.

As of September 30, 2015 the average number of issued and outstanding shares is 13,904,813.

The annual general meeting of WashTec AG, which was held on May 13, 2015, resolved to use the non-appropriated distributable profi t of € 24,415,905.24, which was reported in the Company's annual fi nancial statements for fi scal year 2014, as follows: by paying a dividend in the amount of € 1.65 for each no-par value share entitled to receive a dividend (participating no-par shares), thereby totaling € 22,988,314.80, and by carrying forward the remaining non-appropriated distributable profi t of € 1,427,590.44 to a new account. The dividend of € 1.65 per participating no-par share includes a dividend in the amount of € 0.70 per participating no-par share as well as a special dividend payment in the amount of € 0.95 per participating no-par share.

5. Financial instruments – additional information

The following table, which is derived from the relevant balance sheet items, shows the relationships between the classifi cation and the values assigned to Book (carrying) values, valuation approaches and fair values per measurement categories:

in € k	Me ent asu rem	ing Car ry	tion Bal hee lua der IA S 3 9 t va anc e s un			Ba lan she et ce	Fai r V alu e	IFR S 1 3 L l eve
	cat ego ry und IAS 39 er	val ue Sep 30 , 20 15	ize Am d ort t cos	Fai in r Va lue ity equ	Fai r Va lue thr h p rofi t oug	val ion uat und IAS 17 er	Sep 30 , 20 15
					or l oss
As set s
Cas h a nd h e iva len ts cas qu	La R	6,4 15	6,4 15	–	–	–	6,4 15
Tra de eiv abl rec es	La R	48 679 ,	48 679 ,	–	–	–	48 679 ,
Oth er fi nci al a ts na sse	La R	91 5	91 5	–	–	–	915
Lia bili tie s
Tra de abl pay es	FL AC	9,3 41	9,3 41	–	–	–	9,3 41
Int st b ing -lo ere ear ans	FL AC	,2 67 15	,2 67 15	–	–	–	267 15,
Oth er fi nci iab ilit ies al l na	AC FL	18 ,75 5	18 ,75 5	–	–	–	18, 755
Fin e le asi liab iliti anc ng es	n.a	4,8 60	–	–	–	4, 860	4,8 60
De riva tive fi n ial liab ilit ies anc	Fv thP /L	69 1	–	–	69 1	–	69 1	2
Ag ted ion r IA S 3 9 m nta nt gre ga pr ese pe eas ure me
rie cat ego s
Loa and Re cei vab les (La R) ns		56 ,00 9	56 ,00 9	–	–
Fin ial Lia bili ties rtis Co M d a t A ed st anc eas ure mo
(FL AC )		43, 363	43 ,3 63	–	–
Fai rofi r V alu e T hro h P t/L (F Vth P/L ) ug oss		69 1	–	–	691

in € k	Me ent asu rem	Car ing ry	tion S 3 Bal hee lua der IA 9 t va anc e s un			Ba lan she et ce	Fai r V alu e	S 1 IFR 3 L l eve
	cat ego ry und IAS 39 er	val ue Dec 31 , 20 14	Am ize d ort t cos	Fai r Va lue in ity equ	Fai r Va lue rofi thr h p t oug or l oss	ion val uat und IAS 17 er	Dec 31 , 20 14
As set s
Cas h a nd h e iva len ts cas qu	La R	15 674 ,	15 674 ,	–	–	–	15, 674
Tra de eiv abl rec es	La R	43 ,07 6	43 ,07 6	–	–	–	43, 076
Oth er fi nci al a ts na sse	La R	982	98 2	–	–	–	982
Lia bili tie s
Tra de abl pay es	FL AC	5,9 50	5,9 50	–	–	–	5,9 50
Int st b ing -lo ere ear ans	FL AC	25 2	25 2	–	–	–	252
Oth er fi nci al l iab ilit ies na	FL AC	14 ,93 5	14 ,93 5	–	–	–	14, 935
Fin asi liab ilit ies e le anc ng	n.a	664 5,	–	–	–	664 5,	664 5,
De riva tive fi n ial liab ilit ies anc	Fv thP /L	913	–	–	91 3	–	913	2
ion S 3 Ag ted r IA 9 m nta nt gre ga pr ese pe eas ure me rie cat ego s
cei Loa and Re vab les (La R) ns		59, 732	59, 732	–	–
Fin ial Lia bili ties M d a t A rtis ed Co st anc eas ure mo
(FL AC )		21, 137	21, 137	–	–
Fai r V alu e T hro h P rofi t/L (F Vth P/L ) ug oss		913	–	–	91 3

the fi nancial instruments.

The fair value of the trade receivables and trade payables, of cash and cash equivalents, and of other fi nancial liabilities matches the relevant book (carrying) value because of the short maturities. The fair value of the liabilities under fi nancial leases and loans was calculated by discounting to present value of their expected future cash fl ows based on customary market yields.

These foreign exchange forwards are measured at fair value using the anticipated foreign exchange rates that are quoted on a regulated market. Interest rate swaps are measured at fair value using the anticipated interest rates under recognizable yield curves.

The fair value of the fi nancial instruments is classifi ed according to maturities as follows:

in € k	Se 30, p	De c 3 1,
	20 15	20 14
Lon ter g m	0	16 4
Sh ort te rm	69 1	74 9
To tal	69 1	91 3

6. Contingent liabilities and other fi nancial obligations

Compared to December 31, 2014, contingent liabilities and other fi nancial obligations have remained mostly unchanged.

7. Disclosures about related party transactions

No signifi cant transactions with related parties within the meaning of IAS 24 occurred during the reporting period.

8. Notes after the balance sheet date

There were no signifi cant events after the balance sheet date.

Contact

WashTec AG Telephone +49 821 5584-0 86153 Augsburg www.washtec.de

Argonstraße 7 Telefax +49 821 5584-1135 washtec@washtec.de

Financial Calendar

March 31, 2016 2015 Annual Report May 11, 2016 Annual General Meeting

November 23 – 25, 2015 Analysts' Conference/Equity Capital Forum

q32015