Very good result in the first half of the year supports positive outlook for the full year

- Revenues at EUR 160.6m (prior year: EUR 141.9m); EBIT of EUR 13.8m (prior year: EUR 5.9m) more than doubled

- Positive business development in all segments - particularly driven by equipment and service

- Free cash flow increases to EUR 10.5m (prior year: EUR 5.4m)

Augsburg, August 05, 2015 - Revenues of WashTec Group - the leading supplier of innovative solutions for the carwash business worldwide - increased by 13.2% respectively EUR 18.7m to EUR 160.6m in the first half of 2015 (2014 EUR 141.9m). The revenues include currency effects in the amount of EUR 5.2m. All segments contributed to the revenue increase.

EBIT (earnings before interest and taxes) of the group more than doubled to EUR 13.8m (prior year: EUR 5.9m). All segments developed positively - especially Core Europe contributed to the group increase in revenues and earnings.
The high order backlog of the commencement of the year continued to develop positively and was therefore significantly higher by June 30, 2015 than the last year's level. Therefore a positive business development can also be expected in the second half of the year.

Solid balance sheet

WashTec's balance sheet structure remains continuously very solid after the dividend payment in May. Net liquidity (bank deposit - long-term and short-term bank debt) due to high cash flows was at EUR +1.0m (end of 2014: EUR +15.4m). Net cash flow increased to EUR 12.9m (prior year: EUR 7.3m). The equity ratio decreased to 42.1% (end of 2014: 48.9%).

Positive Outlook for 2015

"WashTec had the best first half year in its history. After the successful negotiation of some key account contracts, focus of the second half will be on investments in Augsburg and Grebenau as well as several worldwide initiatives to continuosly improve our organization. We will restructure and extend our test area in Augsburg and more than double our production capacity for chemicals. Goal of all initiatives is the orientation of WashTec towards customer benefit. We are on a good way and optimistic for the future" said Dr. Volker Zimmermann, CEO of WashTec AG.

Following the completion of the first half year, the Company is aiming for an increase in revenues adjusted for currency effects of more than 5% in full year 2015. According to current expectations, the exchange rate effects will result in another increase in revenues in the group currency euro. The revenue increase will have a further positive influence on the significant EBIT increase expected 2015 as communicated in the 2014 annual report (2014 EBIT EUR 18.5m). The EBIT margin of 8.6% for the first half year is now also aimed at or may even be exceeded for the full year of 2015, which is in line with some analysts' expectations. In this respect, the following development is expected in the individual segments:

* Core Europe: revenues and earning increasing significantly and thus the forecast is being increased compared to annual report 2014
* Eastern Europe: revenues and earnings increasing significantly
* North America: revenues and earnings increasing significantly
* Asia/Pacific: revenues and earnings increasing significantly

In addition, the company is now assuming a significant increase in free cash flow.
This forecast is uncertain.

The full half-year 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 half of the year:

* Average number of shares: 13,932,312
** Bank deposit - long-term and short-term bank 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 more than 1,600 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 60 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