WashTec AG

WSU

Equity

ISIN DE0007507501 / Valor 725872

Xetra (2026-09-29)

EUR 34.20-0.29%

WashTec AG
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About company

WashTec AG is a global leader in providing innovative solutions for vehicle washing, catering to a wide range of needs within the car wash industry. The company offers an extensive portfolio of products and services, including gantry car washes, conveyor tunnel car washes, self-service car washes, and commercial vehicle wash systems, alongside water recycling technologies and digital solutions aimed at enhancing the future of vehicle washing. WashTec stands out for its comprehensive support to clients, covering the entire lifecycle of car wash operations from initial planning, competition and site analysis, to the launch and beyond. This includes offering chemical supplies, regular maintenance, wash bay cleaning, cosmetic face-lifting, and repair services. Furthermore, WashTec assists its customers with financing, leasing, and marketing support, ensuring a holistic approach to business development in the car wash sector. The company prides itself on tailoring its products, processes, and solutions to meet the specific needs of its customers, aiming to maximize customer benefit and revolutionize the car wash experience.

Summarized from source with an LLMView SourceSector: Industrials

Revenue (H1 & Q2 2026)

H1 revenue €247.8m (up €15.3m / +6.6% vs H1 2025), with Q2 revenue €136.5m (+10.4% y/y). Growth led by Equipment business line and strong North America sales; Service stable, Consumables down vs prior year due to weaker wash volumes.

Profitability (EBIT, Net Income, EPS)

H1 EBIT €17.7m (≈ prior year €17.6m), EBIT margin 7.1% (prior 7.6%). Q2 EBIT €13.9m (+9.4%) with margin ~10.2%. H1 net income €11.3m (unchanged) and EPS €0.85 (prior €0.84).

Cash flow & capital structure

H1 free cash flow €13.7m (down €6.3m vs prior year) due mainly to higher trade receivables after strong Q2 revenue; net cash inflow from ops €17.2m. Equity ratio down to 20.0% after dividend payout; net financial debt rose to ~€81.6m.

Segments & business drivers

North America posted double‑digit growth and materially improved EBIT; Europe & Other delivered higher revenue but EBIT was weighed down by extra implementation costs for efficiency programs and expansion expenses (new Czech plant).

Margins & cost drivers

Gross profit rose to €75.0m but gross margin slipped to 30.3% (vs 30.6%) due to temporary higher installation, logistics and IT costs (e.g., S/4HANA) and delays in efficiency measures.

Capital expenditure & investments

Capex focused on Czech production expansion and digital products; H1 investing outflow €3.5m, larger project spending expected in H2 as site moves to full operation.

Operational KPIs & workforce

ROCE 24.2% (slightly up vs prior year), employees 1,883 (+75 vs prior-year reporting date). Q2 free cash flow was strong at €6.7m (up 91% y/y) helped by higher net income and a tax reimbursement.

Outlook

WashTec confirms FY 2026 guidance: mid‑single‑digit revenue growth and EBIT rising disproportionately to revenue, assuming no major further deterioration from geopolitical or commodity market shocks (Middle East risks noted).

Summarized from source with an LLMView Source

Key figures

-13.2%1Y

2.09%3Y

-37.2%5Y

Performance

23.0%1Y

25.0%3Y

26.3%5Y

Volatility