05.02.2015
WashTec AG DE0007507501
DGAP-News: WashTec AG: Release of preliminary figures for 2014
DGAP-News: WashTec AG / Key word(s): Preliminary Results
WashTec AG: Release of preliminary figures for 2014
05.02.2015 / 08:00
---------------------------------------------------------------------
WashTec: Preliminary results show slight growth in sales and significant
increase in EBIT
- Group revenues increased to EUR 302.6m
- EBITDA at EUR 28.6m
- EBIT increased to EUR 18.4m
- EBIT before restructuring costs at EUR 20.0m
Augsburg, February 05, 2015 - WashTec Group - the leading supplier of
innovative solutions for car wash worldwide - according to preliminary
results has achieved a growth in sales of one percent up to the highest
figure since foundation of WashTec group and a disproportional increase in
EBIT. Group revenues are at EUR 302.6m (prior year: EUR 299.7m).
Preliminary earnings before interest, tax, depreciation and amortization
(EBITDA) are at EUR 28.6m (prior year: EUR 27.0m). Preliminary earnings
before interest and tax (EBIT) are at EUR 18.4m (prior year: EUR 17.1m)
which equals an EBIT margin of 6.1%. The EBIT of EUR 18.4m includes
one-time expenses of the successfully implemented restructuring program
announced in March 2014. Accordingly, before taking into account for
restructuring costs preliminary EBIT amounted to EUR 20.0m. As already
announced in 2014, the positive development mainly results from Core
Europe.
As of end of 2014 order backlog of the WashTec group was significantly
above prior years' level. The number of employees with 1.664 by end of
December 2014 is slightly below prior year.
Despite a payment of a dividend plus a special dividend in the total amount
of EUR 8.9m, net liquidity (cash and cash equivalents minus long- and
short-term financial liabilities) developed by EUR 12.7m to the now
positive figure of EUR 9.8m (prior year: debt of EUR 2.9m).
Key preliminary group figures:
EUR m, IFRS 2014 2013
Revenues 302.6 299.7
EBITDA 28.6 27.0
EBIT 18.4 17.1
Net liquidity 9.8 -2.9
The complete consolidated financial statements containing the final figures
for fiscal year 2014 are scheduled for publication on March 31, 2015.
About WashTec:
WashTec Group with its registered office in Augsburg, Germany, is the
leading provider of innovative car wash solutions worldwide. The company
has more than 1,600 employees and is represented with subsidiaries in the
major markets of Core Europe, Eastern Europe, North America and
Asia/Pacific. Moreover, WashTec has an extensive network of independent
marketing partners by which it is present in about 60 countries worldwide.
Contact:
WashTec AG
Dr. Johannes Ley
Corporate Communications
Argonstraße 7
86153 Augsburg
Tel: +49 (0) 821 - 55 84 - 1136
---------------------------------------------------------------------
05.02.2015 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: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
---------------------------------------------------------------------
319811 05.02.2015
|
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
WashTec AG ISIN: DE0007507501 können Sie bei EQS abrufen
Maschinen-/Anlagenbau , 750750 , WSU , XETR:WSU