Last €15.72 EUR
Change Today -0.54 / -3.33%
Volume 25.4K
As of 3:35 PM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

washtec ag (WSU) Snapshot

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02/24/15 - €17.35
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washtec ag (WSU) Details

WashTec AG, through its subsidiaries, is engaged in the development, manufacture, sale, and servicing of vehicle washing systems. The company operates in Core Europe, Eastern Europe, North America, and Asia/Pacific segments. Its products include gantry car washes, conveyor tunnel systems, commercial vehicle washing systems, self-service washing systems, washing materials, car care chemicals, and water recovery systems, as well as supplementary products, such as vacuum cleaners, mat cleaners, pre-spray devices, money-changing machines, waste boxes, roofs for weather protection, etc. The company also offers financing solutions, such as hire purchase and leasing; and support and consulting services for car wash operations. Its customers include operators of petrol stations, including multinational oil companies, individual operators, operators of chains of petrol stations/car washes, and supermarkets that offer on-site washing facilities to their customers; and car dealerships and garages, trucking companies, and transportation firms that offer car washing as a complimentary service to their customers. WashTec AG was founded in 1885 and is headquartered in Augsburg, Germany.

1,676 Employees
Last Reported Date: 10/31/14
Founded in 1885

washtec ag (WSU) Top Compensated Officers

Chief Human Resources Officer and Member of M...
Total Annual Compensation: €82.0K
Compensation as of Fiscal Year 2013.

washtec ag (WSU) Key Developments

Washtec AG Announces Preliminary Earnings Results for the Full Year of 2014

Washtec AG announced preliminary earnings results for the full year of 2014. For the year, the company reported revenues of EUR 302.6 million compared with EUR 299.7 million for the same period a year ago. EBITDA was EUR 28.6 million compared with EUR 27.0 million for the same period a year ago. EBIT was EUR 18.4 million compared with EUR 17.1 million for the same period a year ago.

WashTec Announces Executive Changes

WashTec AG's supervisory board has decided to reorganize the company's executive board in line with a new allocation of duties. A newly formed team of existing and just appointed executives has been built to exploit additional opportunities for sustainable organice growth in sales and earnings. Dr. Jurgen Rautert (56), CEO, will leave the company by mutual agreement, effective January 30, 2015. Dr. Volker Zimmermann has been appointed as chief technology officer (CTO) and chief executive officer (CEO), effective February 1, 2015. Dr. Zimmermann has held executive positions in major engineering and automotive companies in his previous career. Karoline Kalb (42) continues to bring her broad long-term experience of the global WashTec organisation and especially her strong relationship with key accounts into the executive team. As chief human resources officer (CHRO) she will focus on leadership excellence, talent management and employee development. In addition she will stay responsible for corporate communication, compliance and special projects. Stephan Weber has already been appointed as chief sales officer (CSO), effective January 1, 2015. He has a broad international experience in developing new and existing markets for complex technical products. Rainer Springs (48) who already has served WashTec as general manager for finance and IT for some time has been appointed as chief financial officer (CFO), effective February 1, 2015.

Washtec AG Provides Earnings Guidance for the Year 2014

Washtec AG provided earnings guidance for the year 2014. For the period, the company expects revenues of slightly more than EUR 300 million. Operating profit is now expected to increase considerably to approx. EUR 20 million (before accounting for the restructuring costs of the announced efficiency program).


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Valuation WSU Industry Range
Price/Earnings 15.4x
Price/Sales 0.7x
Price/Book 2.3x
Price/Cash Flow 8.0x
TEV/Sales 0.6x

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