WashTec AG: Record revenue of €247.8m in first half year mainly driven by Equipment business line; EBIT due to additional expenditure for implementation of strategic programs at prior-year level

Press release
WashTec AG: Record revenue of €247.8m in first half year mainly driven by Equipment business line; EBIT due to additional expenditure for implementation of strategic programs at prior-year level

• Revenue: +6.6 % to €247.8m (prior year: €232.5m)
• EBIT: +0.6 % to €17.7m (prior year: €17.6m) | EBIT margin: 7.1 % (prior year: 7.6 %)
• Free cash flow: €13.7m (prior year: €20.0m)
• ROCE: 24.2 % (prior year: 23.9 %)
• Guidance for fiscal year 2026 confirmed

Augsburg, August 4, 2026 – The WashTec Group generated a record revenue of €247.8m in the first half of the year, significantly exceeding the prior-year figure by 6.6 % (prior year: €232.5m). Revenue increased in both the Europe and Other segment and the North America segment, mainly due to higher sales volumes in the Equipment business line. In the second quarter, revenue of €136.5m was again significantly (+10.4%) higher than in the prior year (€123.6m). As in the first quarter, the revenue performance reflects increased equipment sales volumes in both segments.

EBIT for the first half of the year amounted to €17.7m and was on par with the prior year (€17.6m). At 7.1 %, the EBIT margin for the first six months was down on the prior year (7.6 %). While EBIT in the North America segment improved significantly on the prior year, additional expenditure relating to the implementation of efficiency programmes continued to weigh down EBIT performance in the Europe and Other segment. In the second quarter, WashTec increased EBIT by 9.4 % to €13.9m (prior year: €12.7m). The EBIT margin remained stable at 10.2 % (prior year: 10.3 %).

The free cash flow for the first half-year came to €13.7m, €6.3m lower than the prior year (€20.0m). This was mainly due to the rise in trade receivables in line with the significantly higher revenue in the second quarter.

At 24.2 %, ROCE was 30 basis points slightly higher than in the first half of 2025.

Orders received for equipment were higher in the first six months than in the same period of the prior year. The positive growth in orders received is mainly due to the North America segment, which posted double-digit percentage growth in the first half-year, while orders received in the Europe and Other segment were slightly down on the prior year. The equipment order backlog at the end of June was overall on a par with the prior-year figure.

The WashTec Group confirms its overall guidance for fiscal year 2026 and expects that the delays in efficiency projects can still be made good over the course of the year. The forecast does not make allowance for any further significant worsening of the economic situation due to developments in the Middle East, nor any further increase in uncertainty and volatility in the commodities markets.

"The continued very positive revenue development in the first half of the year underscores the strength of our business model and the appeal of our solutions to our customers. The high demand for equipment and the sustained positive trend in North America are particularly encouraging. At the same time, we are currently still behind our expectations in the implementation of our strategic efficiency programs. However, we are confident that we will be able to make up for this delay in the remainder of the year. In addition, we have initiated further measures to achieve our 2026 targets," explained Michael Drolshagen, CEO of WashTec AG.

About WashTec:
The WashTec Group, based in Augsburg, Germany, is the leading provider of innovative solutions for carwash worldwide. WashTec employs around 1,850 people worldwide and is present with own subsidiaries in the segments North America and Europe and Other. WashTec is also represented by independent distributors in around 80 countries.


Key figures:

€m, IFRS	H1 2026	H1 2025	Change in %
Revenue	247.8	232.5	6.6
EBIT	17.7	17.6	0.6
EBIT margin in %	7.1	7.6	-50 bps
EBT	16.3	16.3	0.0
Net income	11.3	11.3	0.0
Earnings per share1) in €	0.85	0.84	1.2
Free cash flow	13.7	20.0	-31.5
ROCE2) in %	24.2	23.9	30 bps

 

€m, IFRS	Jun 30, 26	Dec 31, 25	Change abs.
Balance sheet total	292.6	286.6	6.0
Equity	58.5	82.0	-23.5
Equity ratio in %	20.0	22.8	-280 bps
Net operating working capital3)	104.2	92.5	11.7
Employees at reporting date	1,883	1,808	75

bp: basis point (1/100th of a percentage point)
1) Basis: weighted average number of shares in H1 2026: 13,297,174 and in H1 2025: 13,382,324; basic = diluted
2) EBIT (calculated as the rolling sum of the last four quarters) divided by capital employed (calculated as the average over the last five quarters)
3) Trade receivables (incl. other receivables) + inventories − trade payables − contract liabilities from prepayments


Contact:
WashTec AG
Argonstrasse 7
86153 Augsburg

Tel.: +49 (0)821 - 5584 - 0
Mail: ir@washtec.com