Revenue increased in all product segments and all regions
WashTec generated revenue of €356.7m in the first nine months, once again a new record and a significant 5.3% increase in revenue compared to the prior year (€338.6m).
Significant increase in EBIT
As a result of the revenue growth and active cost management, EBIT in the first nine months was €26.9m, significantly higher than in the prior year (€22.6m). The EBIT margin improved to 7.5% (prior year: 6.7%).
Significant improvement in free cash flow
Free cash flow increased to €26.8m in the first nine months (prior year: €7.6m) as a result of higher earnings before taxes and improved net operating working capital.
Full year guidance for 2023 confirmed
Revenue on a similiar level to the prior year with an increase in EBIT by around 10%.
(€m)
(by product)
| Q1-Q3 2022 | Q1-Q3 2023 | |
| Equipment and service | 290.9 | 301.5 |
| Chemicals | 43.5 | 51.2 |
| Others | 4.2 | 4.0 |
(€m)
(€m)
(€m)
(in%)
