EQS-News: WashTec AG: Revenue growth of 7.9%, EBIT slightly below prior year and significant increase in free cash flow

• Revenue €108.8m | prior year: €100.8m
• EBIT €4.9m | prior year: €5.1m; EBIT margin 4.5% | prior year: 5.1%
• Free cash flow €16.5m | prior year: €9.3m
• Guidance for fiscal year 2025 confirmed

Augsburg, May 6, 2025 – The WashTec Group generated revenue of €108.8m in the first three months, up 7.9% on the prior year (€100.8m). This mainly reflects increased revenue across all business lines in the Europe and other segment, while revenue in the North America segment was on the prior year due to lower equipment sales, primarily to key accounts.

EBIT in the first three months amounted to €4.9m, slightly down on the prior year (€5.1m). The EBIT margin was 4.5% (prior year: 5.1%). The fall in revenue in North America had a negative impact on EBIT performance in the segment and in the Group as a whole.

At €16.5m, the WashTec Group’s free cash flow for the first three months was significantly higher than in the prior year (€9.3m), mainly due to the positive development in terms of net operating working capital.

Equipment orders received in the first quarter were significantly higher than in the prior-year quarter. This positive trend cut across all segments and all customer groups. Due to the higher orders received, the order backlog at the end of March was also up on last year in both the Europe and other and the North America segments.

The WashTec Group confirms its guidance for fiscal year 2025. The forecast is based on the assumption that the current global trade conflict will not have a significant negative impact on investment behavior in the carwash market.

“In recent months, we have worked intensively on realigning our corporate strategy from a system manufacturer to a solution provider. The strong sales in the first quarter of 2025 and the significant increase in order intake are clear signs that we are on the right track. In the coming months, we need to realize the progress made in terms of profitability” explained Michael Drolshagen, CEO of WashTec AG.

The full Q1 statement and further information about WashTec can be found on the WashTec: 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:
 

€m, IFRS	Q1 2025	Q1 2024	Change in %
Revenue	108.8	100.8	7.9
EBIT	4.9	5.1	-3.9
EBIT margin in %	4.5	5.1	-60bps
Net income	2.9	3.1	-6.5
Earnings per share1 (€)	0.22	0.23	-6.5
Free cash flow	16.5	9.3	77.4

bp: basis point (1/100th of a percentage point)
 

€m, IFRS	31.03.25	31.12.24	Change abs.
Balance sheet total	277.8	279.7	-1.9
Equity	90.3	88.5	1.8
Equity ratio (%)	32.5	31.7	0.8
Net operating working capital2	81.6	94.0	-12.4

¹ Basis: average of 13,382,324 shares; basic = diluted
² Trade receivables (including other receivables) + inventories − trade payables − prepayments on orders

Contact:
WashTec AG
Argonstrasse 7
86153 Augsburg

Mailto: ir@washtec.com