on WashTec AG (ETR:WSU)
WashTec AG: Strong Third Quarter Performance
WashTec AG reported a robust third quarter with a notable 35.8% increase in EBIT, reaching €14.8 million. Revenue for the first nine months climbed by 7.2% to €358.2 million, despite challenges in North America. EBIT for this period rose disproportionately by 17.4% to €32.4 million, with the EBIT margin improving to 9.0% from 8.2% the previous year.
The company experienced significant growth in Europe, which contributed to the positive results, while North America showed modest improvements. Free cash flow also rose by 11.2% to €27.8 million, driven by optimized working capital. The order backlog increased, particularly in Europe, underpinning future performance expectations.
WashTec confirmed its 2025 guidance, expecting stronger growth in Europe compared to North America. CEO Michael Drolshagen expressed confidence in achieving the company's goals, emphasizing the successful impact of strategic initiatives.
R. P.
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