Revenue down on prior year
WashTec generated revenue of €100.8m in the first three
months, down 7.7% on the prior year (€109.2m).
EBIT margin at prior-year level
Despite the lower revenue, EBIT in the first three months
amounted to €5.1m, only slightly down on the prior year
(€5.5m).
Increase in free cash flow
Free cash flow improved in the first three months to €9.3m
(prior year: €1.9m) due to lower capital expenditure and
a refund of capital gains tax prepayments.
Annual General Meeting 2024
The Annual General Meeting of WashTec AG will take
place on Tuesday, May 14, 2024. The Management Board
and Supervisory Board are proposing a dividend of €2,20
for fiscal year 2023
(€m)
(by product)
| Q1 2023 | Q1 2024 | |
| Equipment and service | 91.1 | 84.5 |
| Chemicals | 16.7 | 14.9 |
| Others | 1.3 | 1.4 |
(€m)
(€m)
(€m)
(in%)
