WashTec AG
XETRA:WSU
WashTec AG
WashTec AG engages in the manufacture, trading and operation of car wash equipment, products and services. The company is headquartered in Augsburg, Bayern and currently employs 1,782 full-time employees. The firm and its subsidiaries focus on developing, manufacturing, selling and servicing car wash products. The firm operates through three geographical segments: Core Europe, North America, and Asia/Pacific. Its product portfolio comprises, among others, roll-over wash equipment, self-service wash equipment, commercial car wash equipment, wash tunnels,water reclaim systems and the spare parts. The company also provides repair and maintenance services, including full service and call-out services, markets related products, such as detergents and care products, and provides sales financing services. The firm distributes its products in approximately 70 countries. WashTec AG is the parent company of the WashTech Group.
WashTec AG engages in the manufacture, trading and operation of car wash equipment, products and services. The company is headquartered in Augsburg, Bayern and currently employs 1,782 full-time employees. The firm and its subsidiaries focus on developing, manufacturing, selling and servicing car wash products. The firm operates through three geographical segments: Core Europe, North America, and Asia/Pacific. Its product portfolio comprises, among others, roll-over wash equipment, self-service wash equipment, commercial car wash equipment, wash tunnels,water reclaim systems and the spare parts. The company also provides repair and maintenance services, including full service and call-out services, markets related products, such as detergents and care products, and provides sales financing services. The firm distributes its products in approximately 70 countries. WashTec AG is the parent company of the WashTech Group.
Strong Revenue Growth: WashTec reported 9-month revenue of EUR 358 million, up 7.2% year-on-year, with especially strong performance in Europe.
Profitability Outpaces Sales: EBIT rose 17.4% to EUR 32 million, with the EBIT margin improving to 9.0% from 8.2% last year.
Q3 Momentum: Q3 standalone saw revenue of EUR 126 million and EBIT up 35.8% year-on-year, marking a record increase.
Recurring Revenue Gains: Service and consumables now make up 47.5% of total revenue, moving closer to WashTec’s 50% target.
Digital Products Rollout: New digital solutions, including SmartCare Connect, EasyCarWash PRO, and CarWash Assist, have been successfully launched and received positive market feedback.
North America Mixed: North America revenue declined 9% over nine months, but Q3 showed equipment sales recovery and EBIT improvement.
Guidance Confirmed: WashTec reaffirmed its 2025 guidance, expecting group revenue to grow mid-single-digit percent and EBIT to increase faster than sales.
Share Buyback Program: A new buyback of up to 100,000 shares or EUR 5 million will run until May 2026, signaling management’s confidence.
