WashTec AG / Key word(s): Preliminary Results Press Release WashTec: Preliminary results in line with forecast - Group revenues with EUR 299.7m stable - EBITDA at EUR 27.1m - EBIT at EUR 17.1m Augsburg, February 3, 2014 - According to preliminary results, WashTec Group - the leading supplier of innovative solutions for car wash worldwide - has achieved its target for 2013 of revenues at prior year's level with an EBIT margin of five to six percent: Group revenues are at EUR 299.7m (prior year: EUR 301.5m). Preliminary earnings before interest, tax, depreciation and amortization (EBITDA) are at EUR 27.1m (prior year: EUR 29.2m). Preliminary earnings before interest and tax (EBIT) are at EUR 17.1m (prior year: EUR 19.2m) which equals an EBIT margin of 5.7%. Adjusted by foreign exchange effects, revenues with EUR 303.7m are slightly above prior year and EBIT margin with 6.0% is at the top of the forecasted range. The North America segment contributes to the group result with a significant positive result. Despite a payment of a dividend plus a special dividend in the total amount of EUR 8.1 Mio. EUR, net financial debt (net bank debt plus long and short-term finance leasing) was reduced by EUR 5.4m to EUR 2.9m (prior year: EUR 8.3m). By the end of 2013, before being due, a new consortium agreement with a revolving line of credit of EUR 50.0m at 'investment grade' conditions and a term of five years was entered into. Key preliminary group figures:
The complete consolidated financial statements containing the final figures for fiscal year 2013 are scheduled for publication on March 31, 2014. About WashTec: Contact: End of Corporate News 03.02.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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 | |
Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart | |
End of News | DGAP News-Service |
250681 03.02.2014 |