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
(€m)
(by product)
| Q1 2022 | Q1 2023 | |
| Equipment and service | 83.9 | 91.1 |
| Chemicals | 15.6 | 16.7 |
| Others | 1.5 | 1.3 |
(€m)
(€m)
(€m)
(in%)
