WashTec AG: 5.6% revenue growth in the first half of 2025 with 6.0% increase in EBIT | Disproportionately large 10.4% increase in EBIT in second quarter
5 augusti, 07:00
EQS-News: WashTec AG / Key word(s): Half Year Report/Half Year Results
Augsburg, August 5, 2025 – The WashTec Group generated revenue of €232.5m in the first six months, up 5.6% on the prior year (€220.2m). This mainly reflects increased revenue across all business lines in the Europe and other segment, while revenue in the North America segment was down on the prior year due to lower equipment sales, despite positive performance in Service and Consumables. In the second quarter revenue increased 3.5% to €123.6m on the prior year (€119.4m). The increase resulted from the positive business performance in the Europe and other segment. EBIT increased by €1.0m to €17.6m in the first half year (prior year: €16.6m). At 7.6%, the EBIT margin for the first six months was on a similar level to the prior year (7.6%). The fall in revenue in North America had a negative impact on EBIT performance in the segment and in the Group as a whole. In the second quarter WashTec achieved a disproportionately large 10.4% increase in EBIT to €12.7m (prior year: €11.5m), mainly due to the positive business performance in the Europe and other segment. The EBIT margin increased to 10.3% (prior year: 9.7%), which is higher than both the prior-year quarter and the first quarter of 2025. At €20.0m, the WashTec Group’s free cash flow for the first half-year was on a par with the prior year (€20.1m). Operating working capital management in particular was further improved in the first six months. Orders received for equipment were significantly higher in the first six months than in the same period of the prior year. The positive trend in orders received continued from the first quarter through the second. The order backlog at the end of June was up on the prior year in both the Europe and other and the North America segments. The WashTec Group confirms its guidance for fiscal year 2025. This forecast is based on the assumption that the current global trade conflict and US tariff policy will not have a significant negative impact on investment behavior in the carwash market. “WashTec looks back on a successful first half of 2025. A particular highlight is the market launch of our new gantry car wash SmartCare Connect, which has been very well received by our customers. We also significantly expanded our recurring revenues from service and consumables.”said Michael Drolshagen, CEO of WashTec AG. The full report on the first half year of 2025 and further information about the WashTec Group can be found on our Investor Relations Website. About WashTec: The WashTec Group, based in Augsburg, Germany, is the leading provider of innovative carwash solutions. WashTec employs around 1,800 people worldwide and has subsidiaries in the markets of Europe, North America and Asia/Pacific. WashTec is also represented by independent distributors in around 80 countries. Key figures:
bp: basis point (1/100th of a percentage point) 1 Basis: average of 13,382,324shares; basic = diluted 2 Trade receivables + inventories − trade payables − prepayments on orders Contact: WashTec AG Argonstrasse 7 86153 Augsburg Email: ir@washtec.com 05.08.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group. | ||||||||||||||||||||||||||||||||||||||||||||||||
€m, IFRS | H1 2025 | H1 2024 | Change in % | |||||||||||||||||||||||||||||||||||||||||||||
Revenue | 232.5 | 220.2 | 5.6 | |||||||||||||||||||||||||||||||||||||||||||||
EBIT | 17.6 | 16.6 | 6.0 | |||||||||||||||||||||||||||||||||||||||||||||
EBIT margin in % | 7.6 | 7.6 | – | |||||||||||||||||||||||||||||||||||||||||||||
Net income | 11.3 | 10.7 | 5.6 | |||||||||||||||||||||||||||||||||||||||||||||
Earnings per share1 (€) | 0.84 | 0.80 | 5.6 | |||||||||||||||||||||||||||||||||||||||||||||
Free cash flow | 20.0 | 20.1 | -0.5 | |||||||||||||||||||||||||||||||||||||||||||||
€m, IFRS | 30.06.25 | 31.12.24 | Change abs. | |||||||||||||||||||||||||||||||||||||||||||||
Balance sheet total | 280.7 | 279.7 | 1.0 | |||||||||||||||||||||||||||||||||||||||||||||
Equity | 63.9 | 88.5 | -24.6 | |||||||||||||||||||||||||||||||||||||||||||||
Equity ratio (%) | 22.8 | 31.7 | -890 Bp | |||||||||||||||||||||||||||||||||||||||||||||
Net operating working capital2 | 83.5 | 94.0 | -10.5 |
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: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 2179198 |
End of News | EQS News Service |
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WashTec AG: 5.6% revenue growth in the first half of 2025 with 6.0% increase in EBIT | Disproportionately large 10.4% increase in EBIT in second quarter
5 augusti, 07:00
EQS-News: WashTec AG / Key word(s): Half Year Report/Half Year Results
Augsburg, August 5, 2025 – The WashTec Group generated revenue of €232.5m in the first six months, up 5.6% on the prior year (€220.2m). This mainly reflects increased revenue across all business lines in the Europe and other segment, while revenue in the North America segment was down on the prior year due to lower equipment sales, despite positive performance in Service and Consumables. In the second quarter revenue increased 3.5% to €123.6m on the prior year (€119.4m). The increase resulted from the positive business performance in the Europe and other segment. EBIT increased by €1.0m to €17.6m in the first half year (prior year: €16.6m). At 7.6%, the EBIT margin for the first six months was on a similar level to the prior year (7.6%). The fall in revenue in North America had a negative impact on EBIT performance in the segment and in the Group as a whole. In the second quarter WashTec achieved a disproportionately large 10.4% increase in EBIT to €12.7m (prior year: €11.5m), mainly due to the positive business performance in the Europe and other segment. The EBIT margin increased to 10.3% (prior year: 9.7%), which is higher than both the prior-year quarter and the first quarter of 2025. At €20.0m, the WashTec Group’s free cash flow for the first half-year was on a par with the prior year (€20.1m). Operating working capital management in particular was further improved in the first six months. Orders received for equipment were significantly higher in the first six months than in the same period of the prior year. The positive trend in orders received continued from the first quarter through the second. The order backlog at the end of June was up on the prior year in both the Europe and other and the North America segments. The WashTec Group confirms its guidance for fiscal year 2025. This forecast is based on the assumption that the current global trade conflict and US tariff policy will not have a significant negative impact on investment behavior in the carwash market. “WashTec looks back on a successful first half of 2025. A particular highlight is the market launch of our new gantry car wash SmartCare Connect, which has been very well received by our customers. We also significantly expanded our recurring revenues from service and consumables.”said Michael Drolshagen, CEO of WashTec AG. The full report on the first half year of 2025 and further information about the WashTec Group can be found on our Investor Relations Website. About WashTec: The WashTec Group, based in Augsburg, Germany, is the leading provider of innovative carwash solutions. WashTec employs around 1,800 people worldwide and has subsidiaries in the markets of Europe, North America and Asia/Pacific. WashTec is also represented by independent distributors in around 80 countries. Key figures:
bp: basis point (1/100th of a percentage point) 1 Basis: average of 13,382,324shares; basic = diluted 2 Trade receivables + inventories − trade payables − prepayments on orders Contact: WashTec AG Argonstrasse 7 86153 Augsburg Email: ir@washtec.com 05.08.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group. | ||||||||||||||||||||||||||||||||||||||||||||||||
€m, IFRS | H1 2025 | H1 2024 | Change in % | |||||||||||||||||||||||||||||||||||||||||||||
Revenue | 232.5 | 220.2 | 5.6 | |||||||||||||||||||||||||||||||||||||||||||||
EBIT | 17.6 | 16.6 | 6.0 | |||||||||||||||||||||||||||||||||||||||||||||
EBIT margin in % | 7.6 | 7.6 | – | |||||||||||||||||||||||||||||||||||||||||||||
Net income | 11.3 | 10.7 | 5.6 | |||||||||||||||||||||||||||||||||||||||||||||
Earnings per share1 (€) | 0.84 | 0.80 | 5.6 | |||||||||||||||||||||||||||||||||||||||||||||
Free cash flow | 20.0 | 20.1 | -0.5 | |||||||||||||||||||||||||||||||||||||||||||||
€m, IFRS | 30.06.25 | 31.12.24 | Change abs. | |||||||||||||||||||||||||||||||||||||||||||||
Balance sheet total | 280.7 | 279.7 | 1.0 | |||||||||||||||||||||||||||||||||||||||||||||
Equity | 63.9 | 88.5 | -24.6 | |||||||||||||||||||||||||||||||||||||||||||||
Equity ratio (%) | 22.8 | 31.7 | -890 Bp | |||||||||||||||||||||||||||||||||||||||||||||
Net operating working capital2 | 83.5 | 94.0 | -10.5 |
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: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 2179198 |
End of News | EQS News Service |
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