DGAP-News: WashTec AG / Key word(s): Preliminary Results Press Release - Group revenue increased to EUR 372.8m (prior year EUR 340.9m; + 9.4 %) - EBITDA improved to EUR 53.4m (prior year EUR 46.1m; + 15.8 %) - EBIT at EUR 44.1m (prior year EUR 36.5m; +20.9%) - Order backlog significantly above prior year Augsburg, January 31, 2017 - According to preliminary results WashTec - the leading worldwide supplier of innovative solutions for carwash - increased group revenue by 9.4 % to EUR 372.8m (prior year EUR 340.9m) after a strong final quarter 2016. Adjusted for exchange rate effects, revenue increased by 10.0 % compared to the prior year. In the fourth quarter the growth amounted to 18.8 %. Preliminary earnings before interest, tax, depreciation and amortization (EBITDA) were at EUR 53.4m (prior year: EUR 46.1m). Preliminary earnings before interest and tax (EBIT) were at EUR 44.1m (prior year: EUR 36.5m). This equates to an EBIT margin of 11.8 %, a further improvement compared to the prior year (10.7 %). All regions and products contributed to the revenue growth. Whilst in the first half of the year, individual customers contributed strongly to the growth, business with existing major customers, positively influenced the solid development in the second half. Despite investments considerably above the prior year level into the customer center, chemical business and production sites, net financial debt (net bank debt plus long- and short-term finance leasing) was only EUR 4.5m at the end of the year (prior year: net financial debt of EUR 1.9m). Key preliminary group figures:
The complete consolidated financial statements containing the final figures for fiscal year 2016 are scheduled for publication on March 22, 2017. About WashTec: Contact: WashTec AG Argonstrasse 7 86153 Augsburg Tel.: +49 (0)821 - 55 84 - 0 Fax: +49 (0)821 - 55 84 - 1135
31.01.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | WashTec AG |
Argonstraße 7 | |
86153 Augsburg | |
Germany | |
Phone: | +49 (0)821 55 84-0 |
Fax: | +49 (0)821 55 84-1135 |
E-mail: | washtec@washtec.de |
Internet: | www.washtec.de |
ISIN: | DE0007507501 |
WKN: | 750750 |
Indices: | SDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
End of News | DGAP News Service |