Due to the high order backlog, the Company now expects revenue growth of 10% - 12% for the fiscal year 2022, which corresponds to currency-adjusted growth of 8% - 10%. Thus, full-year revenue is expected to be between €476m and €484m (initially €450m - €470m).

Due to the challenges in the procurement markets with regard to supply chain issues, the development of material prices and the delayed effect of price increases, the Company is adjusting the forecast of a double-digit EBIT margin given at the beginning of the year and now expects an EBIT margin of 8% -9%. Thus, an EBIT of between €38m and €43m is expected for the full year (initially €45m - €48m).

Due to the necessary increase in inventory to ensure the ability to deliver and the expected increase in business volume, the company now expects a significantly reduced free cash flow of €10m - €20m (initially €28m - €32m).



Contact:
WashTec AG
Corporate Communications
Dr. Kerstin Reden
Argonstrasse 7
86153 Augsburg

Tel.: +49 (0)821 - 5584 - 2090
Fax: +49 (0)821 - 55 84 - 1135