Revenue increased in all product segments and all regions – up 10.5% overall
WashTec set a new record with revenue of €338.6m in the first nine months of the year. Significant 10.5% increase on prior Year (€306.3m). Third quarter revenue up 6.6% to €118.6m (prior year: €111.3m)
EBIT impacted by cost increases EBIT continues to be significantly impacted by cost increases; price adjustments slowly taking effect: EBIT margin of 8.2% in Q3 2022 above EBIT margin of 7.0% in Q2 2022
Group EBIT of €22.6m as of September down on prior year (€33.0m); decrease in third quarter to €9.7m (prior year: €15.0m) with 8.2% EBIT margin
Free cash flow down on prior year, due among other things to planned increase in inventories
Free cash flow (including repayment of lease liabilities) at €0.8m, down on prior year (€19.4m) largely due to planned increase in inventories to safeguard delivery capability
Revised guidance for full year 2022 confirmed
Significant revenue growth of 10% – 12% with an EBIT margin of 8% – 9%
(€m)
(by product)
| Q1-Q3 2022 | Q1-Q3 2021 | |
| Equipment and service | 290.9 | 263.2 |
| Chemicals | 43.5 | 38.2 |
| Others | 4.2 | 4.9 |
(€m)
(€m)
*including the repayment of lease liabilities
(€m)
(in%)
