Press Release

Q1 revenues about 2 % above strong prior year's quarter; full year guidance of 3-5 % revenue growth confirmed

- Revenue increase from EUR 75.5m (prior year) to EUR 76.8m

- EBIT of EUR 3.7m and therefore - due to investments for further growth - about EUR 0.6m below prior year

- Clear increase of first quarter's order intake in combination with a higher order backlog indicate a good second quarter

- Dividend of EUR 1.70 per share proposed

Augsburg, April 29, 2016 - Revenues of WashTec Group - the leading supplier of innovative solutions for the carwash business worldwide - in the first quarter 2016 totaled EUR 76.8m (prior year: EUR 75.5m) and thus increased by 1.7%. The revenue development was mainly influenced by increased sales independent customer as well as the positive business development in North America and Asia/Pacific segments. Adjusted for currency effects revenues increased by 2.2%.

EBIT (earnings before interest and taxes) of the group decreased due to investments for further growth to EUR 3.7m (prior year: EUR 4.3m). In the Core Europe segment, EBIT decreased due to increased investments in infrastructure and sales organizations by EUR 3.1m (prior year: EUR 4.7m). The EBIT increase by EUR 0.7m (prior year: EUR 0.1m) in the Asia/Pacific segment and in the North America segment by EUR -0.2m (prior year: EUR -0.4m) is mainly based on higher revenues.

The order backlog at the end of the first quarter was -partly clearly- above prior year in all segments. For the full fiscal year, the company aims for a revenue increase of 3-5% at an unchanged double-digit EBIT margin.

Good balance sheet quality
The balance sheet structure of WashTec is still very solid. Net financial liquidity (cash and cash equivalents less any short-term and long-term financial liabilities) increased to EUR 5.7m (December 31, 2015: Net financial debt EUR 1.9m). Equity ratio increased slightly to 43.2% (December 31, 2015: 42.2%). Net cash flow increased due to lower tax payments significantly to EUR 10.6m (prior year: EUR 2.7m).

Recommendation of a dividend payment to the shareholders

Management and supervisory board have recommend to the shareholders at this year's annual general meeting on May 11th a dividend of EUR 1.70 per share - over 50% thereof coming from capital contribution account and therefore partly tax free for majority of shareholders. With this significant regular dividend increase shareholders shall participate in the successful business development of WashTec.

Outlook for 2016: significant revenue growth with significant increase in EBIT

After the first quarter, the company continues to aim at a significant growth in revenue and a significant increase in EBIT in 2016. In this respect, the following development is targeted in the individual segments:

- Core Europe: significant increase in revenues and earnings

- North America: significant increase in revenues and earnings

- Asia/Pacific: significant increase in revenues and earnings.

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 Q1 report and additional information about the company 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 (Mar 31, 2016); 13,932,312 (Mar 31, 2015)
** Bank deposit - long-term and short-term bank debt (negative sign means debt)
*** 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 nearly 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