EQS-News

WashTec AG: New revenue record and substantial 10.3% increase in EBIT with significant rise in free cash flow to €46.1m - Seite 2

Annual General Meeting 2024
The Annual General Meeting of WashTec AG takes place on May 14, 2024. The Management Board and Supervisory Board are proposing a dividend of €2.20 for fiscal year 2023.

Outlook for fiscal year 2024
For fiscal year 2024, WashTec expects Group revenue on a similar level to the prior year (2023: €489.5m), with an increase in EBIT in the mid-single-digit percentage range (2023: €41.9m).
In addition, the Company aims for a further normalization of net operating working capital in 2024, particularly with regard to trade receivables/payables and inventories. As a result, the Company expects a free cash flow of between €30m and €40m (2023: €46.1m).

General note on risk
Every forecast is subject to uncertainties that could have a material effect on the forecast revenue and earnings performance.

The annual report for fiscal year 2023 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 1,700 people worldwide and has subsidiaries in the markets of Europe, North America and Asia/Pacific. In addition, WashTec is on the map in some 80 countries through independent dealers.

Key figures:

€m, IFRS	2023	2022	Change in %
Revenue	489.5	482.2	1.5
EBIT	41.9	38.0	10.3
EBIT margin in %	8.6	7.9	–
EBT	38.4	37.3	2.9
Net income	28.0	26.4	6.1
Earnings per share1 (€)	2.09	1.97	6.1
Free cash flow	46.1	16.2	184.6
ROCE (%)	21.5	20.2	–

 

€m, IFRS	Dec. 31, 23	Dec. 31, 22	Change abs.
Balance sheet total	271.3	284.5	-13.2
Equity	85.8	88.1	-2.3
Equity ratio (%)	31.6	31.0	0.6
Net operating working capital2	83.5	105.1	-21.6
Employees on reporting date	1,687	1,824	-137