29.01.2019 WashTec AG  DE0007507501

DGAP-News: WashTec preliminary figures: Fiscal year 2018 completed with a strong last quarter:


 

DGAP-News: WashTec AG / Key word(s): Preliminary Results
WashTec preliminary figures: Fiscal year 2018 completed with a strong last quarter:

29.01.2019 / 22:05
The issuer is solely responsible for the content of this announcement.


Press Release                                                                                      
WashTec preliminary figures: Fiscal year 2018 completed with a strong last quarter:
 
  • Revenue increased by EUR 10.4m to EUR 435.4m (prior year: EUR 425.0m); EBIT at EUR 51.5m (prior year: EUR 52.2m)
  • Strong last quarter results to high free cash flow for the full year
  • Order backlog at the end of the year above prior year level
 
Augsburg, January 29, 2018 - According to preliminary results revenue for the fiscal year 2018 of WashTec Group - the leading supplier of innovative solutions for the carwash business worldwide - was EUR 435.4m (prior year: EUR 425.0m). This corresponds to a revenue increase of EUR 10.4m million or growth of 2.5% for the full year. With revenues of EUR 122.7m (prior year: EUR 112.5m), the last quarter has been WashTec's strongest quarter yet. Preliminary Earnings before Interest and Tax (EBIT) were at EUR 51.5m (prior year: EUR 52.2m). EBIT margin was at 11.8% (prior year: 12.3%).
The region Europe has been the main revenue and profit driver of WashTec in 2018 and achieved the highest EBIT margin ever. Revenue and earnings in North America were lower than in the prior year, but - as forecasted - Q4 revenue increased versus prior year. In the region Asia/Pacific, China developed very positively from a low base, driving the revenue growth in the region.
After high revenue growth for Equipment in 2017, due to special orders from major customers, 2018 was a year of consolidation. As reported, in 2018 the positive development of Equipment was driven by direct sales activities. Revenue of Services and Chemicals also increased compared with the prior year.
With 1,870 employees, at the end of December 2018, the number of employees increased by 56, primarily due to additional headcount in the areas of Supply Chain, Sales and Service.
Driven by the strong last quarter, net financial debt (long- and short-term financial liabilities minus net bank debt) as of December 2018 was reduced by EUR 30.1m compared to September 2018 (EUR 40.2m), although the expected tax refund was received after the end of the year. Net financial debt was at EUR 10.1m as of December 30, 2018 (prior year: EUR 7.1m).
The Group order backlog at the end of 2018 was above the prior year. WashTec expects a correspondingly positive start for the first quarter of 2019.
 
Key preliminary group figures:
EUR m, IFRS 2018 2017
Revenue 435.4 425.0
EBITDA 61.2 62.1
EBIT 51.5 52.2
Net financial debt 10.1 7.1
 
The complete consolidated financial statements containing the final figures for fiscal year 2018 and the guidance for the current fiscal year are scheduled for publication on March 20, 2019. The Annual General Meeting will take place on April 29, 2019.
 
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 1,800 employees and is represented with subsidiaries in the major markets of Europe, North America and Asia/Pacific. Moreover, WashTec has an extensive network of independent marketing partners through which it is present in around 70 countries worldwide.

Contact:
WashTec AG
Karoline Kalb
Argonstrasse 7
86153 Augsburg

Tel.: +49 (0)821 - 55 84 - 0
Fax: +49 (0)821 - 55 84 - 1135


29.01.2019 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.

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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
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange

 
End of News DGAP News Service

770749  29.01.2019 

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Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 372,79 424,99 435,45 436,48 378,67 430,53 464,00
EBITDA1,2 53,40 62,11 61,27 52,83 41,82 60,20 60,00
EBITDA-Marge3 14,32 14,61 14,07 12,10 11,04 13,98 12,93
EBIT1,4 44,06 52,22 51,47 36,30 20,07 45,69 0,00
EBIT-Marge5 11,82 12,29 11,82 8,32 5,30 10,61 0,00
Jahresüberschuss1 30,58 36,92 34,04 22,25 13,30 31,08 0,00
Netto-Marge6 8,20 8,69 7,82 5,10 3,51 7,22 0,00
Cashflow1,7 39,90 38,80 38,23 21,81 46,27 45,66 0,00
Ergebnis je Aktie8 2,29 2,76 2,54 1,66 0,99 2,32 2,30
Dividende8 2,10 2,45 2,45 0,00 2,30 2,90 2,20
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2021 - 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 48,100 Kaufen 670,14
KGV 2023e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
18,15 23,99 0,76 26,24
KBV KCV KUV EV/EBITDA
11,55 14,68 1,56 11,57
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
Hauptversammlung
2,30 2,90 6,03 16.05.2022
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
28.04.2022 28.07.2022 27.10.2022 31.03.2022
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-1,16% -8,28% -12,55% -9,25%
    
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Maschinen-/Anlagenbau , 750750 , WSU , XETR:WSU