EQS-News: WashTec AG: 5.6% revenue growth in the first half of 2025 with 6.0% increase in EBIT | Disproportionately large 10.4% increase in EBIT in second quarter

• Revenue in the first half year €232.5m | prior year: €220.2m
• EBIT in the first half year €17.6m | prior year: €16.6m; EBIT margin 7.6% | prior year: 7.6%
• Free cash flow at the end of the first half year €20.0m | prior year: €20.1m
• Guidance for fiscal year 2025 confirmed

Augsburg, August 5, 2025 – The WashTec Group generated revenue of €232.5m in the first six months, up 5.6% on the prior year (€220.2m). This mainly reflects increased revenue across all business lines in the Europe and other segment, while revenue in the North America segment was down on the prior year due to lower equipment sales, despite positive performance in Service and Consumables. In the second quarter revenue increased 3.5% to €123.6m on the prior year (€119.4m). The increase resulted from the positive business performance in the Europe and other segment.

EBIT increased by €1.0m to €17.6m in the first half year (prior year: €16.6m). At 7.6%, the EBIT margin for the first six months was on a similar level to the prior year (7.6%). The fall in revenue in North America had a negative impact on EBIT performance in the segment and in the Group as a whole. In the second quarter WashTec achieved a disproportionately large 10.4% increase in EBIT to €12.7m (prior year: €11.5m), mainly due to the positive business performance in the Europe and other segment. The EBIT margin increased to 10.3% (prior year: 9.7%), which is higher than both the prior-year quarter and the first quarter of 2025.

At €20.0m, the WashTec Group’s free cash flow for the first half-year was on a par with the prior year (€20.1m). Operating working capital management in particular was further improved in the first six months.

Orders received for equipment were significantly higher in the first six months than in the same period of the prior year. The positive trend in orders received continued from the first quarter through the second. The order backlog at the end of June was up on the prior year in both the Europe and other and the North America segments.

The WashTec Group confirms its guidance for fiscal year 2025. This forecast is based on the assumption that the current global trade conflict and US tariff policy will not have a significant negative impact on investment behavior in the carwash market.

“WashTec looks back on a successful first half of 2025. A particular highlight is the market launch of our new gantry car wash SmartCare Connect, which has been very well received by our customers. We also significantly expanded our recurring revenues from service and consumables.” said Michael Drolshagen, CEO of WashTec AG.

The full report on the first half year of 2025 and further information about the WashTec Group can be found on our Investor Relations Website.

About WashTec:
The WashTec Group, based in Augsburg, Germany, is the leading provider of innovative carwash solutions. WashTec employs around 1,800 people worldwide and has subsidiaries in the markets of Europe, North America and Asia/Pacific. WashTec is also represented by independent distributors in around 80 countries.

Key figures:
 

€m, IFRS	H1 2025	H1 2024	Change in %
Revenue	232.5	220.2	5.6
EBIT	17.6	16.6	6.0
EBIT margin in %	7.6	7.6	–
Net income	11.3	10.7	5.6
Earnings per share1 (€)	0.84	0.80	5.6
Free cash flow	20.0	20.1	-0.5

 

€m, IFRS	30.06.25	31.12.24	Change abs.
Balance sheet total	280.7	279.7	1.0
Equity	63.9	88.5	-24.6
Equity ratio (%)	22.8	31.7	-890 Bp
Net operating working capital2	83.5	94.0	-10.5

bp: basis point (1/100th of a percentage point)
¹ Basis: average of 13,382,324 shares; basic = diluted
² Trade receivables + inventories - trade payables - prepayments on orders

Contact:
WashTec AG
Argonstrasse 7
86153 Augsburg

Email: ir@washtec.com