Group revenue increased in all product segments
WashTec generated revenue of €109.2m in the first three months of the year, a new record for a first quarter and a significant 8.1% increase on the prior year (€101.0m)
Significant increase in Group EBIT
EBIT, at €5.5m, 19.6% higher than prior year due to positive revenue performance and strict cost management (prior year: €4.6m); EBIT margin in traditionally weak first quarter: 5.0% (prior year: 4.6%)
Positive free cash flow
Despite a high level of investment activity, notably including the acquisition of the site occupied by the US subsidiary, the Group generated a positive free cash flow of €1.9m (prior year: €−3.6m)
Full year guidance for 2023 confirmed
Revenue on a similar level to the prior year with a Significant increase in EBIT
We use cookies to personalise content and adverts, to provide social media features, and to analyse traffic to our website. We also share information regarding your use of our website with our partners for social media, advertising and analytics. Website data protection notice