Revenue down on prior year
WashTec generated revenue of €334.2m in the first nine months, down 6.3% on the prior year (€356.7m).
EBIT above prior year
Due to the improved gross profit, EBIT in the first nine months, at €27.6m, was higher than in the prior year (€26.9m) despite the lower revenue. The EBIT margin improved in the first nine months to 8.2% (prior year: 7.5%).
Free cash flow slightly below prior year
Free cash flow for the first nine months, at €25.0m, was lower than the prior year (€26.8m), mainly due to the increase in net operating working capital relative to December 2023.
Guidance for full year 2024
The WashTec Group confirms the guidance for fiscal year 2024 and expects revenue on a similar level to the prior year (±3%) and an increase in EBIT in the mid single-digit percentage range. WashTec currently expects revenue to be at the lower end of the guidance range.
(€m)
(by product)
| Q1-Q3 2024 | Q1-Q3 2023 | |
| Equipment and service | 281.3 | 301.5 |
| Chemicals | 48.4 | 51.2 |
| Others | 4.6 | 4.0 |
(€m)
(€m)
(€m)
(in%)
