WashTec AG
· ISIN: DE0007507501
· EQS - Company News
Significant EBIT increase of 9.5% despite slight decline in revenue of 2.6%
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Corporate News WashTec AG
In this overview you can view company news in the chronological order of publication. The source information comes from EQS News, the leading European news distributor. The most recent news item is listed first.
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26 March 2025 07:00AM
Significant EBIT increase of 9.5% despite slight decline in revenue of 2.6%
WashTec AG: Significant EBIT increase of 9.5% despite slight decline in revenue of 2.6%
Revenue €476.9m | prior year €489.5m
EBIT €45.5m | prior year €41.9m; EBIT margin 9.5% | prior year 8.6%
Free cash flow €39.5m | prior year €46.1m
Dividend proposal: €2.40 | prior year €2.20
Augsburg, March 26, 2025 – The WashTec Group generated a revenue o...
WashTec AG
27 February 2025 02:06PM
Announcement of dividend proposal
The Board of Management and the Supervisory Board of WashTec AG will propose a dividend of € 2.40 per share entitled to dividend for the 2024 financial year to the Annual General Meeting to be held on 13 May 2025 in continuation of the attractive dividend policy.
Contact:
WashTec AG
Andreas Pabst
Argonstrasse 7
86153 Augsburg
Tel.: +49 (0)821 - 558...
WashTec AG
06 February 2025 07:00AM
Preliminary figures for 2024
WashTec AG preliminary figures for 2024:
The WashTec Group overachieves the guidance on EBIT and ROCE
Expected revenue of €477m c. 3% below prior year (€489.5m)
Expected EBIT of more than €45m stronger than previous year (€41.9m); increase of EBIT margin to around 9.5% (prior year: 8.6%)
Augsburg, February 6, 2025: The WashTec Group announces ...
WashTec AG
05 February 2025 05:55PM
Preliminary figures 2024 - EBIT and ROCE higher than expected
Augsburg, 5 February 2025
According to preliminary, unaudited figures for fiscal year 2024, WashTec AG has achieved EBIT of around €45m (2023: €41.9m) and ROCE of around 24% (2023: 21.5%).
EBIT is therefore around 9% higher than the previous year's figure and exceeds the forecast increase in EBIT in the mid-single-digit percentage range.
With an in...
WashTec AG
06 November 2024 07:00AM
2.6% higher EBIT on lower revenue
Revenue €334.2m in first nine months (prior year: €356.7m) and €114.1m in third quarter (prior year: €120.4m)
EBIT €27.6m in first nine months (prior year: €26.9m) and €10.9m in third quarter (prior year: €11.5m)
Free cash flow of €25.0m in first nine months (prior year: €26.8m).
Guidance for fiscal year 2024 confirmed in its entirety; revenue e...
WashTec AG
05 August 2024 07:00AM
EBIT up 7.8% despite lower revenue
WashTec AG: EBIT up 7.8% despite lower revenue
Revenue €220.2m in first half year (prior year: €236.2m) and €119.4m in second quarter (prior year: €127.1m)
EBIT €16.6m in first half year (prior year: €15.4m) and €11.5m in second quarter (prior year: €9.9m)
Half-year free cash flow of €20.1m (prior year: €6.5m)
Guidance for fiscal year...
WashTec AG
06 May 2024 07:00AM
First-quarter EBIT margin at prior-year level despite slow start to the year
WashTec AG: First-quarter EBIT margin at prior-year level despite slow start to the year
Revenue €100.8m (prior year: €109.2m)
EBIT €5.1m (prior year: €5.5m); EBIT margin 5.1% (prior year: 5.0%)
Free cash flow €9.3m (prior year: €1.9m)
Guidance for fiscal year 2024 confirmed
Augsburg, May 6, 2024 – The WashTec Group generated revenue of €100.8m...
WashTec AG
27 March 2024 07:00AM
New revenue record and substantial 10.3% increase in EBIT with significant rise in free cash flow to €46.1m
New revenue record and substantial 10.3% increase in EBIT with significant rise in free cash flow to €46.1m
Revenue €489.5m, prior year: €482.2m
EBIT €41.9m, prior year: €38.0m; EBIT margin 8.6%, prior year: 7.9%
Free cash flow €46.1m, prior year: €16.2m
Dividend proposal: €2.20
Augsburg, March 27, 2024 – The WashTec Group achieved a new re...
WashTec AG
27 March 2024 07:00AM
New revenue record and substantial 10.3% increase in EBIT with significant rise in free cash flow to €46.1m
New revenue record and substantial 10.3% increase in EBIT with significant rise in free cash flow to €46.1m
Revenue €489.5m, prior year: €482.2m
EBIT €41.9m, prior year: €38.0m; EBIT margin 8.6%, prior year: 7.9%
Free cash flow €46.1m, prior year: €16.2m
Dividend proposal: €2.20
Augsburg, March 27, 2024 – The WashTec Group achieved a new re...
WashTec AG
04 March 2024 05:53PM
Announcement of dividend proposal
The Board of Management and the Supervisory Board of WashTec AG will propose a dividend of € 2.20 per share entitled to dividend for the 2023 financial year to the Annual General Meeting to be held on 14 May 2024 in continuation of the attractive dividend policy.
Contact:
WashTec AG
Corporate Communications
Andreas Pabst
Argonstrasse 7
86153 Augsbu...
WashTec AG
28 February 2024 07:30PM
Michael Drolshagen becomes new CEO
The Supervisory Board of WashTec AG today appointed Mr. Michael Drolshagen as the new Chief Technology Officer (CTO) and Chief Executive Officer (CEO) effective May 1, 2024. He succeeds Dr. Ralf Koeppe, whose membership of the Management Board was terminated by mutual agreement on February 29, 2024.
Michael Drolshagen was most recently appointed to...
WashTec AG
28 February 2024 07:05PM
Michael Drolshagen becomes new CEO
The Supervisory Board of WashTec AG today appointed Mr. Michael Drolshagen as new Chief Technology Officer (CTO) and Chief Executive Officer (CEO) effective May 1, 2024. He succeeds Dr. Ralf Koeppe, whose membership of the Management Board was terminated by mutual agreement on February 29, 2024.
Contact:
WashTec AG
Corporate Communications
Andreas ...
WashTec AG
23 February 2024 01:00PM
Mutual termination of the Management Board mandate of Dr. Ralf Koeppe
The WashTec Supervisory Board and Dr. Koeppe, Chairman of the Management Board of WashTec AG, today agreed to terminate Dr. Koeppe's Management Board mandate as CEO and CTO prematurely.
Dr. Koeppe had held the position of CTO at WashTec AG since July 1, 2019 and additionally the position of CEO since January 1, 2020. During his tenure as CEO, he su...
WashTec AG
21 February 2024 04:49PM
Change in the Management Board
The Supervisory Board of WashTec AG and Dr. Ralf Koeppe have agreed to terminate his membership of the Management Board by mutual consent. In this context, Dr. Koeppe has resigned from his office as Member and Chairman of the Management Board with immediate effect.
The duties of the Management Board will therefore be performed with immediate effect...
WashTec AG
08 February 2024 07:00AM
Preliminary figures for 2023
WashTec AG preliminary figures for 2023:
Expected revenue of €490m higher than prior year (€482m)
Expected EBIT of €42m significantly higher than prior year (€38m); EBIT margin: 9% (prior year: 8%)
Augsburg, February 8, 2024: The WashTec Group has announced that, on preliminary figures, it successfully concluded fiscal year 2023 with an expected...
WashTec AG
11 January 2024 09:30AM
Strategic changes in the Asia/Pacific region – new setup in Chinese market
WashTec AG: Strategic changes in the Asia/Pacific region – new setup in Chinese market
Augsburg, January 11, 2024 –WashTec AG has decided on a strategic reorientation of WashTec Group in the Asia/Pacific region. As a result, the majority of WashTec Car Cleaning Equipment (Shanghai) Co., Ltd. (“the Company”) will be sold to former manageme...
WashTec AG
19 December 2023 03:55PM
Change on the Supervisory Board – Dr. Günter Blaschke stepping down after almost 10 years; Ulrich Bellgardt to take over as Chairman
Change on the Supervisory Board – Dr. Günter Blaschke stepping down after almost 10 years; Ulrich Bellgardt to take over as Chairman
Augsburg, December 19, 2023
The Chairman of the Supervisory Board of WashTec AG, Dr. Günter Blaschke, notified the Company’s Management Board on November 8, 2023 that he will step down from the Supervisory Board effec...
WashTec AG
08 November 2023 10:12AM
Resignation from the Supervisory Board
The Chairman of the Supervisory Board of WashTec AG, Dr Günter Blaschke, has informed the Management Board today that he will resign from his office as member of the Supervisory Board for personal reasons with effect from the end of 31 December 2023. A new chairman of the Supervisory Board shall be elected shortly.
Contact:
WashTec AG
Andreas Pabst...
WashTec AG
02 November 2023 08:00AM
5.3% revenue growth in first nine months with significant 19.0% increase in EBIT
WashTec AG: 5.3% revenue growth in first nine months with significant 19.0% increase in EBIT
Group revenue €356.7m in first nine months (prior year: €338.6m) and €120.4m in third quarter (prior year: €118.6m)
Group EBIT €26.9m in first nine months (prior year: €22.6m) and €11.5m in third quarter (prior year: €9.7m)
Free cash flow of €26.8m in fir...
WashTec AG
03 August 2023 08:00AM
Successful first half-year 2023
WashTec AG: Successful first half-year 2023
Group revenue of €236.2m in first half year, up 7.4% on prior year (€220.0m); revenue of €127.1m in second quarter, up 6.8% on prior year (€119.0m)
Group EBIT of €15.4m in first half year, up 19.4% on prior year (€12.9m); EBIT of €9.9m in second quarter, up 19.3% on prior year (€8.3m)
Half-yea...
WashTec AG
03 August 2023 08:00AM
WashTec AG: Successful first half-year 2023
WashTec AG: Successful first half-year 2023
Group revenue of €236.2m in first half year, up 7.4% on prior year (€220.0m); revenue of €127.1m in second quarter, up 6.8% on prior year (€119.0m)
Group EBIT of €15.4m in first half year, up 19.4% on prior year (€12.9m); EBIT of €9.9m in second quarter, up 19.3% on prior year (€8.3m)
Half-yea...
WashTec AG
10 May 2023 03:00PM
WashTec AG: Tender for the audit of the WashTec Group
WashTec AG, with its registered office in Augsburg, announces the tender for the audit of the annual and consolidated financial statements of WashTec AG and the combined management report as well as the annual financial statements of subsidiaries included in the consolidated financial statements for fiscal year 2024. This also includes the review o...
WashTec AG
10 May 2023 03:00PM
Tender for the audit of the WashTec Group
WashTec AG, with its registered office in Augsburg, announces the tender for the audit of the annual and consolidated financial statements of WashTec AG and the combined management report as well as the annual financial statements of subsidiaries included in the consolidated financial statements for fiscal year 2024. This also includes the review o...
WashTec AG
04 May 2023 08:00AM
WashTec AG: WashTec makes successful start to 2023
WashTec AG: WashTec makes successful start to 2023
Group revenue €109.2m (prior year: €101.0m)
Group EBIT €5.5m (prior year: €4.6m); EBIT margin 5.0% (prior year: 4.6%)
Free cash flow €1.9m (prior year: €−3.6m)
Guidance for fiscal year 2023 confirmed
Augsburg, May 4, 2023 – The WashTec Group made a successful start to 2023 and generate...
WashTec AG
04 May 2023 08:00AM
WashTec makes successful start to 2023
WashTec AG: WashTec makes successful start to 2023
Group revenue €109.2m (prior year: €101.0m)
Group EBIT €5.5m (prior year: €4.6m); EBIT margin 5.0% (prior year: 4.6%)
Free cash flow €1.9m (prior year: €−3.6m)
Guidance for fiscal year 2023 confirmed
Augsburg, May 4, 2023 – The WashTec Group made a successful start to 2023 and generate...
WashTec AG
30 March 2023 08:00AM
WashTec AG: 12% revenue growth with EBIT margin of 7.9% in a challenging economic environment
12% revenue growth with EBIT margin of 7.9% in a challenging economic environment
Revenue at €482.2m, prior year €430.5m
EBIT at €38.0m, prior year €45.7m; EBIT margin at 7.9%
Free cash flow at €16.2m, prior year €42.3m
Dividend proposal: €2.20 per share
Augsburg, March 30, 2023 – The WashTec Group achieved record revenue of €482.2m in fiscal y...
WashTec AG
30 March 2023 08:00AM
12% revenue growth with EBIT margin of 7.9% in a challenging economic environment
12% revenue growth with EBIT margin of 7.9% in a challenging economic environment
Revenue at €482.2m, prior year €430.5m
EBIT at €38.0m, prior year €45.7m; EBIT margin at 7.9%
Free cash flow at €16.2m, prior year €42.3m
Dividend proposal: €2.20 per share
Augsburg, March 30, 2023 – The WashTec Group achieved record revenue of €482.2m in fiscal y...
WashTec AG
01 March 2023 05:27PM
Announcement of dividend proposal
The Board of Management and the Supervisory Board of WashTec AG will propose a dividend of € 2.20 per share entitled to dividend for the 2022 financial year to the Annual General Meeting to be held on 15 May 2023 in continuation of the attractive dividend policy.
This is an increase of €0.10 compared to the dividend of €2.10 for the 2021 financial ...
WashTec AG
01 March 2023 05:27PM
WashTec AG: Announcement of dividend proposal
The Board of Management and the Supervisory Board of WashTec AG will propose a dividend of € 2.20 per share entitled to dividend for the 2022 financial year to the Annual General Meeting to be held on 15 May 2023 in continuation of the attractive dividend policy.
This is an increase of €0.10 compared to the dividend of €2.10 for the 2021 financial ...
WashTec AG
01 March 2023 08:00AM
WashTec AG: Generation change on the Management Board
After eight successful years as Chief Sales Officer (CSO) with responsibility for Sales, Service and Marketing, Stephan Weber leaves the Management Board of WashTec AG by mutual agreement on February 28, 2023. The Supervisory Board and the Management Board would like to express their sincere thanks for his high level of commitment and outstanding p...
WashTec AG
01 March 2023 08:00AM
Generation change on the Management Board
After eight successful years as Chief Sales Officer (CSO) with responsibility for Sales, Service and Marketing, Stephan Weber leaves the Management Board of WashTec AG by mutual agreement on February 28, 2023. The Supervisory Board and the Management Board would like to express their sincere thanks for his high level of commitment and outstanding p...
WashTec AG
07 February 2023 08:05AM
WashTec AG preliminary figures for 2022
WashTec AG preliminary figures for 2022:
Revenue expected to be significantly above prior year (€431m) at €482m.
Expected EBIT at €38m below prior year (€46m); EBIT margin: 8% (prior year: 11%)
Augsburg, February 7, 2023: The WashTec Group concluded fiscal year 2022 with revenue of €482m on preliminary figures (prior year: €431m). This represent...
WashTec AG
07 February 2023 08:05AM
WashTec AG preliminary figures for 2022
WashTec AG preliminary figures for 2022:
Revenue expected to be significantly above prior year (€431m) at €482m.
Expected EBIT at €38m below prior year (€46m); EBIT margin: 8% (prior year: 11%)
Augsburg, February 7, 2023: The WashTec Group concluded fiscal year 2022 with revenue of €482m on preliminary figures (prior year: €431m). This represent...
WashTec AG
27 October 2022 08:00AM
WashTec AG: Revenue increased by 10.5% to new nine-month record, EBIT margin slightly improved on preceding quarter
Group revenue €338.6m in first nine months (prior year: €306.3m) and €118.6m in third quarter (prior year: €111.3m)
Group EBIT €22.6m in first nine months (prior year: €33.0m) and €9.7m in third quarter (prior year: €15.0m)
Free cash flow (including repayment of lease liabilities) at €0.8m, down on prior year (€19.4m) largely due to planned incre...
WashTec AG
27 October 2022 08:00AM
Revenue increased by 10.5% to new nine-month record, EBIT margin slightly improved on preceding quarter
Group revenue €338.6m in first nine months (prior year: €306.3m) and €118.6m in third quarter (prior year: €111.3m)
Group EBIT €22.6m in first nine months (prior year: €33.0m) and €9.7m in third quarter (prior year: €15.0m)
Free cash flow (including repayment of lease liabilities) at €0.8m, down on prior year (€19.4m) largely due to planned incre...
WashTec AG
14 September 2022 09:00AM
WashTec AG: Personnel change on the Management Board of WashTec AG
Mr Andreas Pabst (49) will be appointed to the Management Board of WashTec AG and will become CFO with effect from October 1, 2022. Mr Pabst holds a degree in business administration and has passed the tax advisor examination.
His professional career began at KPMG and led to KUKA via various positions in accounting at listed companies. There he too...
WashTec AG
14 September 2022 09:00AM
Personnel change on the Management Board of WashTec AG
Mr Andreas Pabst (49) will be appointed to the Management Board of WashTec AG and will become CFO with effect from October 1, 2022. Mr Pabst holds a degree in business administration and has passed the tax advisor examination.
His professional career began at KPMG and led to KUKA via various positions in accounting at listed companies. There he too...
WashTec AG
28 July 2022 08:00AM
Significant 12.8% revenue growth with 5.9% EBIT margin
Group revenue €220.0m in first half year (prior year: €195.0m) and €119.0m in second quarter (prior year: €110.2m)
Group EBIT €12.9m in first half year (prior year: €18.0m) and €8.3m in second quarter (prior year: €14.5m)
Free cash flow (including repayment of lease liabilities) €−6.8m in first half year (prior year: €14.2m), largely due to incre...
WashTec AG
28 July 2022 08:00AM
WashTec AG: Significant 12.8% revenue growth with 5.9% EBIT margin
Group revenue €220.0m in first half year (prior year: €195.0m) and €119.0m in second quarter (prior year: €110.2m)
Group EBIT €12.9m in first half year (prior year: €18.0m) and €8.3m in second quarter (prior year: €14.5m)
Free cash flow (including repayment of lease liabilities) €−6.8m in first half year (prior year: €14.2m), largely due to incre...
WashTec AG
21 July 2022 06:34PM
WashTec AG: Adjustment of the forecast for the fiscal year2022: revenue forecast significantly increased, EBIT margin slightly lowered.
Due to the high order backlog, the Company now expects revenue growth of 10% - 12% for the fiscal year 2022, which corresponds to currency-adjusted growth of 8% - 10%. Thus, full-year revenue is expected to be between €476m and €484m (initially €450m - €470m).
Due to the challenges in the procurement markets with regard to supply chain issues, the ...
WashTec AG
21 July 2022 06:34PM
revenue forecast significantly increased, EBIT margin slightly lowered.
Due to the high order backlog, the Company now expects revenue growth of 10% - 12% for the fiscal year 2022, which corresponds to currency-adjusted growth of 8% - 10%. Thus, full-year revenue is expected to be between €476m and €484m (initially €450m - €470m).
Due to the challenges in the procurement markets with regard to supply chain issues, the ...
WashTec AG
04 July 2022 11:00AM
30% CO2 reduction by 2025.
Publication of Sustainability Report 2021
WashTec publishes a comprehensive sustainability program for the first time and announces greater integration of ESG/sustainability issues into corporate governance
WashTec provides transparent disclosure of sustainability targets and measures
Sustainability Report delivers insights into WashTec’s corpora...
WashTec AG
04 July 2022 11:00AM
WashTec steps forward with new sustainability program: 30% CO2 reduction by 2025.
Publication of Sustainability Report 2021
WashTec publishes a comprehensive sustainability program for the first time and announces greater integration of ESG/sustainability issues into corporate governance
WashTec provides transparent disclosure of sustainability targets and measures
Sustainability Report delivers insights into WashTec’s corpora...
WashTec AG
16 May 2022 04:21PM
WashTec AG: Changes on the WashTec AG Supervisory Board
Jens Große-Allermann and Dr. Sören Hein are no longer standing for the WashTec AG Supervisory Board after ten years of successful and distinguished service.
Mr. Große-Allerman and Dr. Hein were both elected to the WashTec Supervisory Board at the Annual General Meeting on May 10, 2012 and can thus look back on a ten-year success story at WashTec....
WashTec AG
28 April 2022 08:00AM
WashTec AG: 19% revenue growth with 31% increase in EBIT
Group revenue €101.0m (prior year: €84.8m)
Group EBIT €4.6m (prior year: €3.5m); EBIT margin 4.6% (prior year: 4.1%)
Free cash flow (including repayment of lease liabilities) at €-5.8m (prior year: €3.9m) primarily due to increase in inventories and higher tax payments
Order backlog well above prior year
Full year guidance for 2022 confirmed: R...
WashTec AG
31 March 2022 08:00AM
WashTec AG: Significant increase in revenue and earnings despite disruptions in the supply chain, steep cost increases and continuing restrictions due to the pandemic
Revenue at €430.5m, prior year €378.7m
EBIT at €45.7m, prior year €20.1m; EBIT margin at 10.6%
Adjusted EBIT at €43.0m, prior year €25.6m; adjusted EBIT margin at 10.0%
Free cash flow including repayment of lease liabilities at €34.5m, prior year €36.9m
Dividend proposal: 2021 €2.10, special dividend €0.80
Guidance 2022: revenue growth of 5%-9...
WashTec AG
10 March 2022 02:59PM
WashTec AG: Announcement of dividend proposal
The Board of Management and the Supervisory Board of WashTec AG will propose a dividend of € 2.10 per share entitled to dividend to the Annual General Meeting to be held on 16 May 2022 in continuation of the attractive dividend policy.
As the business performance of the fiscal year 2021 exceeded expectations with regard to earnings and cash flow de...
WashTec AG
03 February 2022 04:55PM
WashTec AG: preliminary figures for 2021
Revenue: €431m, up 14% compared to prior year (€379m) - back to pre-crisis level
EBIT: €46m (prior year: €20m), more than doubled; adjusted EBIT (before one-off items)1: €43m (prior year: €26m); adjusted EBIT margin: 10% (prior year: 7%)
Year-end order backlog significantly above prior year
Augsburg, February 3, 2022: The WashTec Group concluded...
WashTec AG
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| Type | Total | Last | Made by | Go to |
|---|---|---|---|---|
| Corporate Research | 0 | - | - | Corporate Research |
| Directors Dealings | 23 | 21st June 2024 | Kutz, Sebastian | DD |
| Short Seller (DE) | 3 | 30th November 2021 | Millennium International Management LP | SSR (DE) |
| Short Seller (UK) | 0 | - | - | SSR (UK) |
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