EQS-News

WashTec AG: First-quarter EBIT margin at prior-year level despite slow start to the year - Seite 2

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 1,700 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	Q1 2024	Q1 2023	Change in %
Revenue	100.8	109.2	-7.7
EBIT	5.1	5.5	-7.3
EBIT margin in %	5.1	5.0	10bp
Net income	3.1	3.5	-11.4
Earnings per share1 (€)	0.23	0.26	-11.4
Free cash flow	9.3	1.9	389.5

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

€m, IFRS	31.03.24	31.12.23	Change abs.
Balance sheet total	263.1	271.3	-8.2
Equity	89.1	85.8	3.3
Equity ratio (%)	33.9	31.6	2.3
Net operating working capital2	89.9	83.5	6.4