WashTec Stock Holds Steady: Q1 EBIT Margin Matches Last Year Despite Slow Start

• WashTec AG's first-quarter revenue was €100.8m, down 7.7% from the prior year
• Despite lower revenue, EBIT margin remained at 5.1%, with EBIT of €5.1m
• Free cash flow improved to €9.3m in the first quarter
• Orders received were lower due to decreased demand in the market
• WashTec Group confirmed guidance for fiscal year 2024
• CEO Michael Drolshagen emphasized focus on profitability and building on the company's successful market position

The next important date, Publication of 3-month report 2024, at WashTec Akt is on 06.05.2024.

The price of WashTec Akt at the time of the news was 39,35EUR and did not change compared to the previous day.
23 minutes after the article was published, the price was 39,95EUR this corresponds to a plus of +1,52 % since publication.

WashTec Akt

-1,00 %

-0,99 %

+5,51 %

+13,40 %

+8,06 %

-30,21 %

-39,55 %

+87,85 %

+248,96 %

ISIN:DE0007507501WKN:750750

• Intraday
• 5 Tage
• 1 Monat
• 3M
• 1 Jahr
• 3J
• 5J
• 10J
• Max