Revenue increased in all product segments and all regions
WashTec generated revenue of €356.7m in the first nine months, once again a new record and a significant 5.3% increase in revenue compared to the prior year (€338.6m).
Significantincrease in EBIT As a result of the revenue growth and active cost management, EBIT in the first nine months was €26.9m, significantly higher than in the prior year (€22.6m). The EBIT margin improved to 7.5% (prior year: 6.7%).
Significant improvement in free cash flow Free cash flow increased to €26.8m in the first nine months (prior year: €7.6m) as a result of higher earnings before taxes and improved net operating working capital.
Fullyearguidance for 2023 confirmed Revenue on a similiar level to the prior year with an increase in EBIT by around 10%.
We use cookies to personalise content and adverts, to provide social media features, and to analyse traffic to our website. We also share information regarding your use of our website with our partners for social media, advertising and analytics. Website data protection notice