31.03.2016
WashTec AG DE0007507501
DGAP-News: WashTec AG: Publication of the annual report and outlook for the fiscal year 2016
DGAP-News: WashTec AG / Key word(s): Final Results
WashTec AG: Publication of the annual report and outlook for the fiscal year
2016
31.03.2016 / 11:00
The issuer is solely responsible for the content of this announcement.
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Publication of the annual report and outlook for the fiscal year 2016
- EBIT nearly doubled to EUR 36,4m with an EBIT-margin of 10.7%
- Group revenue increased by 12.7% to EUR 340.9m
- Inclusion in SDAX per March 2016
- WashTec plans dividend of EUR 1.70 per share - of which over 50% coming
from capital contribution account and therefore partly tax free for
majority of shareholders
- Goal 2016: 3-5 % revenue increase and still a double-digit EBIT-margin
Augsburg, March 31, 2016 - As published at the beginning of February
WashTec AG is looking back at a very successful year 2015:
With revenues of EUR 340.9m (prior year EUR 302.6m) WashTec reached an
EBITDA (Earnings before interest, tax, depreciation and amortization) of
EUR 46.1m (prior year: EUR 28.6m). Earnings before interest and tax (EBIT)
were EUR 36.4m (prior year: EUR 18.4m). This equals an EBIT margin of
10.7%. All segments were able to improve their revenues and operating
income. The number of employees increased to 1,689 as of the end of
December 2015 (prior year: 1,664 employees).
Earnings per share increased significantly to EUR 1.78 (prior year: 0.91
EUR), while the average number of shares reduced from 13.9m to 13.8m due to
the share buyback program.
Free cashflow increased to EUR 26.2m (prior year: EUR 25.1m) in 2015. Net
financial debt (net bank debt plus long- and short-term finance leasing)
was at EUR 1.9m as of December 2015 primarily due to the payment of a
dividend, special dividend and the share buyback program totaling EUR 35.7m
(prior year: net financial liquidity of EUR 9.8m). The equity ratio - as
expected - reduced to 42.2% (prior year: 48.9%) due to the above described
measures. Thus WashTec still has a very solid balance sheet structure.
"We started a change process last year which includes the company as a
whole. This contributed to the most successful fiscal year of WashTec so
far", so Dr. Volker Zimmermann, CEO of WashTec AG, at todays' annual press
conference. "We are continuously working on a further value-oriented and
sustainable development."
Positive outlook for the fiscal year 2016
The order backlog of WashTec in the biggest segment Core Europe was at the
high prior year level and above prior year in all other segments as of
December. For 2016 WashTec aims at a three to five percent increase in
revenues with a still double-digit EBIT margin. The already announced
investments into sales organization, infrastructure and employee and
leadership development will take place in 2016 and lead to higher costs.
"These investments build the base for further sustainable growth of
WashTec", Dr. Volker Zimmermann, CEO of WashTec AG.
Any outlook is subject to uncertainties, which may significantly influence
the development of revenues and earnings forecasted. The critical main
driver will be the investment behavior of some key accounts.
The annual report for fiscal year 2015, invitation to the annual
shareholders meeting and additional information about the company can be
found on its website: www.washtec.de
Information on WashTec:
The WashTec Group has its registered office in Augsburg, Germany, and is
the leading supplier of innovative solutions for the car wash business
worldwide. WashTec has nearly 1,700 employees and has its own subsidiaries
in all key markets in Europe, North America as well as China and Australia.
WashTec also has a broad network of independent sales partners and is
thereby represented in roughly 70 countries.
Key figures:
EURm, IFRS 2015 2014 Change in % Revenues 340.9 302.6 +12.7 EBITDA 46.1 28.6 +61.2 EBIT 36.4 18.4 +97.8 EBIT margin 10.7 % 6.1 % - EBT 35.9 17.7 +102.8 Net income 24.6 12.7 +93.7 Earnings per share 1) (in EUR) 1.78 0.91 +95.6 Dividend per share 2) 1.702) 1.65 +3.0 Net cash flow 32.9 29.2 +12.7 Free cash flow 26.2 25.1 +4.4 EURm, IFRS 31. Dec. 15 31. Dec. 14 Change abs. Balance sheet total 190.0 185.8 +4.2 Equity 80.3 90.9 -10.6 Equity ratio 42.2 % 48.9 % -6.7 % Net financial debt 3) 1.9 -9.8 +11.7 Gearing 4) 0.04 -0.3 - Net current assets 5) 78.1 71.2 +6.9 Employees (31.12.) 1,689 1,664 +251) Basis: on average 13,766,278 shares in 2015; 13,932,213 shares in 2014 2) Proposal to the annual general meeting 3) Cash and cash equivalents minus long- and short-term financial liabilities 4) Net financial debt/ EBITDA 5) Current trade receivables plus inventories minus current trade payables Contact: WashTec AG Argonstrasse 7 86153 Augsburg Tel.: +49 (0)821 - 55 84 - 0 Fax: +49 (0)821 - 55 84 - 1135 --------------------------------------------------------------------------- 31.03.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- 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 Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart End of News DGAP News Service --------------------------------------------------------------------------- 450009 31.03.2016
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