Revenue down on prior year
WashTec generated revenue of €220.2m in the first six months, down 6.8% on the prior year (€236.2m).
EBIT up 7.8%
Due to the improved gross profit, EBIT, at €16.6m, was higher than in the prior year (€15.4m) despite the lower revenue. The EBIT margin improved to 7.6% (prior year: 6.5%).
Significant improvement in free cash flow
Free cash flow improved significantly in the first half-year to €20.1m (prior year: €6.5m) due to lower capital expenditure and a refund of capital gains tax prepayments.
Guidance for full year 2024
Similar level on prior year ± 3% with a mid-single-digit percentage range 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