DGAP-News: WashTec AG / Key word(s): Preliminary Results
WashTec AG: Preliminary results show double-digit growth in sales and a
nearly doubled EBIT
03.02.2016 / 08:12
The issuer is solely responsible for the content of this announcement.
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Press Release
WashTec: Most sucessful fiscal year so far - preliminary results show
double-digit growth in sales and a nearly doubled EBIT
- Group revenue increased from EUR 302.6m to EUR 340.9m
- EBITDA developed from EUR 28.6m to EUR 46.1m
- EBIT nearly doubled to EUR 36.5m (prior year EUR 18.4m)
Augsburg, February 03, 2016 - WashTec Group - the leading supplier of
innovative solutions for carwash worldwide - was able to grow revenues, as
already forecasted in 2015, by 12.7 % to EUR 340.9m (prior year EUR 302.6m)
at a disproportionally higher EBIT increase according to preliminary
results. Adjusted for exchange rate effects, revenues increased by 9.9 %
compared to the prior year. Preliminary earnings before interest, tax,
depreciation and amortization (EBITDA) were at EUR 46.1m (prior year: EUR
28.6m). Preliminary earnings before interest and tax (EBIT) were at EUR
36.5m (prior year: EUR 18.4m) and thus could nearly be doubled. This equals
an EBIT margin of 10.7% (prior year 6.1%). The positive development results
from the good acceptance of innovations, further intensification of sales
activities and a positive economic environment in the industry. This
development affected all product segments and regions.
The order backlog of WashTec Group was at the level of the high prior
year's value in the biggest segment Core Europe and above prior year in
other segments. With 1,689 employees as of the end of December, the number
of employees increased by 25 employees because of investments in
sales-related areas.
Despite a payment of a high dividend, a special dividend and the share
buyback program totaled EUR 35.7m, net financial debt (net bank debt plus
long- and short-term finance leasing) was at EUR 1.9m by the end of the
year (prior year: net financial liquidity of EUR 9.8m). According to
preliminary results the equity ratio has been reduced from 48.9 % to about
42 % due to the above described measures.
Key preliminary group figures:
EUR m, IFRS 2015 2014
Revenues 340.9 302.6
EBITDA 46.1 28.6
EBIT 36.5 18.4
Net financial debt 1.9 -9.8
The complete consolidated financial statements containing the final figures
for fiscal year 2015 are scheduled for publication on March 31, 2016.
About WashTec:
WashTec Group with its registered office in Augsburg, Germany, is the
leading provider of innovative car wash solutions worldwide. The company
has more than 1,600 employees and is represented with subsidiaries in the
major markets of Core Europe, Eastern Europe, North America and
Asia/Pacific. Moreover, WashTec has an extensive network of independent
marketing partners by which it is present in about 60 countries worldwide.
Kontakt:
WashTec AG
Corporate Communications
Karoline Kalb
Argonstraße 7
86153 Augsburg
Tel.: +49 (0)821 - 55 84 - 1136
Contact:
WashTec AG
Argonstrasse 7
86153 Augsburg
Tel.: +49 (0)821 - 55 84 - 0
Fax: +49 (0)821 - 55 84 - 1135
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03.02.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: WashTec AG
Argonstraße 7
86153 Augsburg
Germany
Phone: +49 (0)821 55 84-0
Fax: +49 (0)821 55 84-1135
E-mail: washtec@washtec.de
Internet: www.washtec.de
ISIN: DE0007507501
WKN: 750750
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart
End of News DGAP News Service
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434297 03.02.2016
DGAP-News: WashTec AG: Preliminary results show double-digit growth in sales and a nearly doubled EBIT
| Source: EQS Group AG