WashTec AG / Key word(s): Half Year Results Press Release H1 revenues 5.4 % above prior year - Revenues increase to EUR 169.2m (prior year: EUR 160.6m); EBIT at EUR 15.5m (prior year: EUR 13.8m) - Especially equipment and service drive growth - Excellent customer feedback to innovations shown at Uniti expo exhibition in Stuttgart - Guidance for the full year confirmed: revenue increase of about 5 percent with a double-digit EBIT margin Augsburg, August 01, 2016 - Revenues of WashTec Group - the leading supplier of innovative solutions for the carwash business worldwide - in the first half of 2016 increased by 5.4 % or EUR 8.6m to EUR 169.2m. Adjusted for currency effects revenues increased by 6.3%. The Group's consolidated revenues increased by 8.7 % in the second quarter. Revenues with individual operators, car dealerships and smaller operator chains particularly increased due to implemented sales optimisation measures. Due to the revenue growth, EBIT (earnings before interest and taxes) of the group increased to EUR 15.5m (prior year: EUR 13.8m). The segments Core Europe and Asia/Pacific contributed to the earnings improvement. An increase of revenues and earnings compared to prior year is expected in the second half of the year in the segment North America. The order backlog as of the end of June was slightly above prior year level. Good balance sheet quality Outlook for 2016: revenue growth of about 5 percent at a double-digit EBIT "In the first half of the year we invested in further growth and were able to increase our earnings at the same time. We are in a process to develop WashTec to a globally integrated company. Thus we unlock further growth potentials, combine regional and functional excellence, offer an attractive and innovative product portfolio whilst strengthening leadership and collaboration", says Dr. Volker Zimmermann, CEO of WashTec AG. After the first half of the year, the WashTec group continues to aim at a revenue growth of about 5 % with a double-digit EBIT. The outlook for other key figures published in the annual report 2015 also continues to apply. An outlook for 2016 is subject to uncertainties, which may significantly influence the development of revenues and earnings forecasted. This press release is a translation for convenience purposes only. The full H1 report can be found on our website as of August 04, 2016: www.washtec.de Key financial information of the Group for the first three quarters:
* Average number of shares: 13,382,324 (H 1 2016); 13,932,312 (H1 2015) About WashTec: Contact: Contact: WashTec AG Argonstrasse 7 86153 Augsburg Tel.: +49 (0)821 - 55 84 - 0 Fax: +49 (0)821 - 55 84 - 1135
2016-08-01 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 |