31.03.2014
WashTec AG DE0007507501
DGAP-News: WashTec plans to pay a EUR 0.64 per share dividend
DGAP-News: WashTec AG / Key word(s): Final Results/Dividend
WashTec plans to pay a EUR 0.64 per share dividend
31.03.2014 / 11:56
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WashTec plans to pay a EUR 0.64 per share dividend
- Revenues 2013 with EUR 299,7m at prior year's level with an EBIT margin
of 5.7%
- Significant earnings contribution from North America
- EPS increased to EUR 0,80 - balance structure improved again
- Outlook: slight increase in revenues as well as EBIT and EBIT margin
(before special effects from efficiency program)
Augsburg, March 31, 2013 - WashTec AG - the leading supplier of innovative
solutions for car wash worldwide - has met its 2013 guidance: WashTec's
revenues were at EUR 299.7m (prior year: EUR 301.5m). Earnings before
interest, tax, depreciation and amortization (EBITDA) were at EUR 17.1m
(prior year: EUR 19.2m). Adjusted by foreign exchange effects, revenues
were slightly above prior year at EUR 303.7m and EBIT with 6% was at the
top of the range forecasted. The North America segment contributed to the
group result with a significant positive result. Chemicals developed
positively again.
Earnings per share, on the basis of an only slightly changed total number
of shares of almost 14m, increased disproportionately to EUR 0.80 (prior
year: EUR 0.72) due to making use of losses carried forward.
In 2013, free cash flow once more was on a high level (prior year: EUR
19.6m). Despite a payment of a dividend plus a special dividend in the
total amount of EUR 8.1m, net financial debt (net bank debt plus long and
short-term finance leasing) again was reduced significantly by EUR 5.4m to
EUR 2.9m. Equity ratio further rose from 46.0% to 50.4%, while gearing fell
from 0.3 to 0.1. Thereby, WashTec's balance sheet structure is very solid.
'The results of the fiscal year 2013 proof that WashTec is a company
positioned solidly. We will build on the initiatives initiated last year to
accelerate efficiency and growth and the additional efficiency program
resolved by supervisory board and board of management. Thus, we are
convinced that WashTec is well positioned to achieve an EBIT margin of 8%
starting 2016' commented Dr. Jürgen Rautert, spokesman of the board of
management of WashTec AG on occasion of today's press conference. For the
fiscal year 2014 WashTec aims at a slight increase in revenues as well as
EBIT and EBIT margin. The implementation of the efficiency program may lead
to one-off costs of up to EUR 3.0m which may influence the results of 2014.
An outlook for 2014 is subject to uncertainties which may significantly
take effect on the development of revenues and earnings forecasted. The
main driver will be the further development of business in Core Europe and
the extent to which growth opportunities in the other markets will be
grasped.
The annual report for fiscal year 2013 and additional information about the
Company can be found on its website: www.washtec.de
Information on WashTec:
The WashTec Group has its registered offices in Augsburg, Germany, and is
the leading supplier of innovative solutions for the car wash business
worldwide. WashTec has more than 1,600 employees and has its own
subsidiaries in all key markets in Europe, North America as well as in
China and Australia. WashTec also has a broad network of independent sales
partners and is thereby represented in a total of roughly 60 countries.
Key figures:
EURm, IFRS 2013 2012 Change
Revenues 299.7 301.5 -1.8
EBITDA 27.0 29.2 -2.2
EBIT 17.1 19.2 -2.1
EBIT-Rendite 5.7 % 6.4 % -0.7
EBT 15.8 16.5 -0.7
Net income 11.2 10.1 +1.1
Earnings per share1) (in EUR) 0.80 0.72 +0.8
Dividend per share 0.642) 0.58 +0.06
Net cash flow 21.0 23.1 -2.1
Free Cash flow 15.7 19.6 -3.9
EURm, IFRS 31. Dez. 2013 31. Dez. 2012 Change
Balance sheet total 174.2 183.6 -9.4
Equity 87.8 84.4 +3.4
Equity ratio 50.4 % 46.0 % +4.4
Net finance debt (as of Dec 31) 2.9 8.3 -5.4
Gearing3) 0.1 0.3 -0.2
Net current assets4) 65.2 73.1 -7.9
Employees 1,681 1,674 +7
1) Basis: 13,934,113 shares
2) Envisaged proposal to the annual general meeting
3) Net finance debt to EBIDTDA
4) Current trade receivables + inventories - current trade payables
Contact:
WashTec AG
Argonstrasse 7
86153 Augsburg
Tel.: +49 (0)821 - 55 84 - 0
Fax: +49 (0)821 - 55 84 - 1135
End of Corporate News
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31.03.2014 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Media archive at www.dgap-medientreff.de and www.dgap.de
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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: [email protected]
Internet: www.washtec.de
ISIN: DE0007507501
WKN: 750750
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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