30.10.2015 WashTec AG  DE0007507501

DGAP-News: WashTec AG: Expected strong Q3 and good outlook for the next six months


 
DGAP-News: WashTec AG / Key word(s): 9-month figures WashTec AG: Expected strong Q3 and good outlook for the next six months 30.10.2015 / 07:00 --------------------------------------------------------------------- Press Release Expected strong Q3 2015 and good outlook for the next six months - Revenues increased by 13.7% to EUR 245.8m (prior year: EUR 216.2m) - EBIT of EUR 23.3m nearly doubled (prior year: EUR 11.8m) - Positive business development in all segments - particularly driven by equipment and service Augsburg, October 30, 2015 - Revenues of WashTec Group - the leading supplier of innovative solutions for the carwash business worldwide - increased in the first nine months of 2015 by 13.7% respectively EUR 29.6m to EUR 245.8m. The revenues include currency effects in the amount of EUR 6.8m. All segments contributed to the revenue increase. EBIT (earnings before interest and taxes) of the group was nearly doubled to EUR 23.3m (prior year: EUR 11.8m). All segments developed positively - especially Core Europe contributed to the group increase in revenues and earnings. The high order backlog of the commencement of the year continued to develop positively and was therefore significantly higher by September 30, 2015 than the last year's level. Therefore a positive business development can also be expected in the next few months. Solid balance sheet structure WashTec's balance sheet structure remains continuously very solid after the dividend payment in May and the share buyback in the third quarter. Net liquidity (bank deposit - long-term and short-term bank debt) was at EUR -8.9m (end of 2014: EUR +15.4m) by September 30, 2015. Net cash flow increased to EUR 17.6m (prior year: EUR 17.0m). The equity ratio decreased to 37.0% (end of 2014: 48.9%). Positive Outlook for 2015 and Q1 2016 Revenues and earnings increased further due to the strong third quarter in 2015. The recent growth figures from January to September 2015 do not apply for Q4 2015 due to a strong Q4 in 2014. Therefore, WhasTec expects a growth of around ten percent. The actual EBIT margin per September 2015 of 9.5% will be reached for sure for the full year. In this respect, the following development is expected in the individual segments: * Core Europe: revenues and earning increasing significantly and thus the forecast is being increased compared to annual report 2014 * Eastern Europe: revenues and earnings increasing significantly * North America: revenues and earnings increasing significantly * Asia/Pacific: revenues and earnings increasing significantly In the medium term, WashTec is aiming to grow organically per year three to five percent and to reach an EBIT margin between eight to eleven percent. This forecast is uncertain. This press release is a translation for convenience purposes only. The full Q3 report and additional information about the company can be found on our website: www.washtec.de Key financial information of the Group for the first three quarters:

in EURm, IFRS                       Q1-Q3 2015             Q1-Q3 2014
Revenue                             245.8                  216.2
EBITDA                              30.5                   19.3
EBIT                                23.3                   11.8
EBIT margin (in %)                  9.5                    5.5
EBT                                 22.9                   11.2
Consolidated net income             15.5                   7.6
Earnings per share* (in EUR)        1.11                   0.55
Net cash flow                       17.6                   17.0



in EURm, IFRS                     Sept 30, 2015            Dec 31, 2014
Balance sheet total               191.5                    185.8
Equity                            70.9                     90.9
Equity ratio (in %)               37.0                     48.9
Net financial liquidity**         -8.9                     15.4
Net current assets***             78.1                     71.2
Employees                         1.681                    1.664


* Average number of shares: 13,904,813 (Sept 30, 2015) or 13,932,312 (Sept 30, 2014) ** Bank deposit - long-term and short-term bank debt (negative sign means debt) *** Short-term trade receivables plus inventories minus short-term trade payables

In EURm          Core Europe      CEE       North America      Asia-Pacific
Umsatz 2015            198.3       8.7               40.0              10.9
Umsatz 2014            178.7       7.7               31.4               8.2
EBIT 2015               21.8       0.1                1.2               0.3
EBIT 2014               11.7      -0.1                0.4              -0.1


About WashTec: 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 China and Australia. WashTec also has a broad network of independent sales partners and is thereby represented in a total of about 60 countries. Contact: WashTec AG Corporate Communications Karoline Kalb Argonstrasse 7 86153 Augsburg Tel.: +49 (0)821 - 55 84 - 0 Fax: +49 (0)821 - 55 84 - 1135 Contact: WashTec AG Argonstrasse 7 86153 Augsburg Tel.: +49 (0)821 - 55 84 - 0 Fax: +49 (0)821 - 55 84 - 1135 --------------------------------------------------------------------- 30.10.2015 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 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart End of News DGAP News Service --------------------------------------------------------------------- 406875 30.10.2015


Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 424,99 435,45 436,48 378,67 430,53 482,24 490,00
EBITDA1,2 62,11 61,27 52,83 41,82 60,20 52,69 61,00
EBITDA-Marge3 14,61 14,07 12,10 11,04 13,98 10,93
EBIT1,4 52,22 51,47 36,30 20,07 45,69 38,01 42,00
EBIT-Marge5 12,29 11,82 8,32 5,30 10,61 7,88 8,57
Jahresüberschuss1 36,92 34,04 22,25 13,30 31,08 26,36 28,00
Netto-Marge6 8,69 7,82 5,10 3,51 7,22 5,47 5,71
Cashflow1,7 38,80 38,23 21,81 46,27 45,66 22,74 0,00
Ergebnis je Aktie8 2,76 2,54 1,66 0,99 2,32 1,97 2,05
Dividende8 2,45 2,45 0,00 2,30 2,90 2,20 2,10
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2023 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: PricewaterhouseCoopers

INVESTOR-INFORMATIONEN
©boersengefluester.de
WashTec
WKN Kurs in € Einschätzung Börsenwert in Mio. €
750750 39,450 Kaufen 551,39
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
15,78 24,08 0,65 20,26
KBV KCV KUV EV/EBITDA
9,40 24,24 1,13 11,14
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
2,20 2,20 5,58 14.05.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
06.05.2024 05.08.2024 02.11.2023 27.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
13,67% 16,40% 23,28% -1,62%
    
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Maschinen-/Anlagenbau , 750750 , WSU , XETR:WSU