on WashTec AG (ETR:WSU)
WashTec Reaffirms Profitability Goals Amid Revised 2026 Outlook
WashTec AG, based in Augsburg, has reaffirmed its commitment to medium- and long-term profitability goals following a revised outlook for fiscal year 2026. The management board emphasizes the unchanged aim of achieving an EBIT margin of 12-14% by 2028/29. This comes despite recent adjustments reflecting short-term challenges and delays in efficiency programs impacting 2026.
CEO Michael Drolshagen acknowledged the disappointment in the 2026 revision but remains confident in the company’s strategic direction. Streamlining efforts in management are expected to enhance operational efficiency and focus on strategic priorities. WashTec's North American strategy and increasing recurring revenues remain crucial to its growth plans.
2027 is projected to be a pivotal year for WashTec, marking progress towards these profitability ambitions.
R. H.
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