WashTec AG / Key word(s): Preliminary Results
WashTec: Preliminary results show slight growth in sales and significant increase in EBIT
- Group revenues increased to EUR 302.6m
- EBITDA at EUR 28.6m
- EBIT increased to EUR 18.4m
- EBIT before restructuring costs at EUR 20.0m
Augsburg, February 05, 2015 - WashTec Group - the leading supplier of innovative solutions for car wash worldwide - according to preliminary results has achieved a growth in sales of one percent up to the highest figure since foundation of WashTec group and a disproportional increase in EBIT. Group revenues are at EUR 302.6m (prior year: EUR 299.7m). Preliminary earnings before interest, tax, depreciation and amortization (EBITDA) are at EUR 28.6m (prior year: EUR 27.0m). Preliminary earnings before interest and tax (EBIT) are at EUR 18.4m (prior year: EUR 17.1m) which equals an EBIT margin of 6.1%. The EBIT of EUR 18.4m includes one-time expenses of the successfully implemented restructuring program announced in March 2014. Accordingly, before taking into account for restructuring costs preliminary EBIT amounted to EUR 20.0m. As already announced in 2014, the positive development mainly results from Core Europe.
Despite a payment of a dividend plus a special dividend in the total amount of EUR 8.9m, net liquidity (cash and cash equivalents minus long- and short-term financial liabilities) developed by EUR 12.7m to the now positive figure of EUR 9.8m (prior year: debt of EUR 2.9m).
The complete consolidated financial statements containing the final figures for fiscal year 2014 are scheduled for publication on March 31, 2015.
2015-02-05 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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