Press Release

First nine month revenue 5.7 % up on prior year

- Revenue at EUR259.8m after nine months (prior year: EUR245.8m); EBIT at EUR25.2m (prior year: EUR23.3m)

- Year-end estimation of at least 7.5% growth

- Customer Center opened in Augsburg

- Order backlog above prior year - higher revenue growth expected in coming months

Augsburg, October 28, 2016 - Revenues of WashTec Group - the leading supplier of innovative solutions for the carwash business worldwide - per September 2016, at EUR259.8m, were EUR14.0m (5.7%) higher than in the prior-year period (EUR245.8m). Adjusted for currency effects, revenue in the first nine months increased by 6.5%. The Group's consolidated revenues increased by 6.3 % in the third quarter. All segments contributed to the revenue growth in the third quarter. Further investment in global sales and marketing activities as well as higher sales efficiency contributed to the growth.

Mainly due to the positive revenue performance, EBIT improved to EUR25.2m (prior year: EUR23.3m) while at the same time investment was made in further growth. All segments contributed to the revenue growth in the third quarter. The largest absolute increase was in the Core Europe segment.

The opening ceremony for the new customer center in September at the Augsburg headquarters was held as part of a "Family & Friends Day" attended by some 1,900 visitors. "The positive feedback from our customers and employees shows us that we are on the right track with the strengthening of our corporate philosophy and consistent focus on customer benefits. In our new customer center, we are able to work together with our customers on the best solutions with real technology in an appropriate environment to present our latest innovations and to experience them", says Dr. Volker Zimmermann, CEO of WashTec AG.

Good balance sheet quality
Net debt (short-term and long-term bank liabilities less cash and cash equivalents) as of September 30, 2016 totaled EUR 7.0m (December 31, 2015: net liquidity of EUR 2.5m) following the dividend payment. The equity ratio decreased due to the same reason to 36.3% (December 31, 2015: 42.2%). Net cash flow increased to EUR 28.5m (prior year: EUR 17.6m).

Outlook for 2016: growth of 7.5% expected for the full year; EBIT margin also above the prior year.

On account of the large order backlog and the currently increasing order intake from major customers, a high level of capacity utilization is expected in production and installation in the last quarter in both Europe and North America. The company likewise expects substantial growth compared with the prior year for Q1 2017.

The full Q3 report and further information about WashTec can be found on our website: www.washtec.de

Key financial information of the Group for the first three quarters:

* Average number of shares: 13,382,324 (Q3 2016); 13,904,813 (Q3 2015)
** Long-term and short-term bank debt - Bank deposit (negative sign means liquidity)
*** Short-term trade receivables plus inventories minus short-term trade payables

About WashTec:

WashTec Group has its registered offices in Augsburg, Germany, and is the leading supplier of innovative solutions for the car wash business worldwide. WashTec has more than 1,700 employees and has its own subsidiaries in all key markets in Europe, North America as well as China and Australia. WashTec also has a broad network of independent sales partners and is thereby represented in a total of about 70 countries.

Contact:

WashTec AG
Corporate Communications
Karoline Kalb
Argonstrasse 7
86153 Augsburg
Tel.: +49 (0)821 - 55 84 - 0
Fax: +49 (0)821 - 55 84 - 1135