We feel BEARISH on the markets.
“It’s waiting that helps you as an investor, and a lot of people just can’t stand to wait.” – Charlie Munger
WashTec AG is a Germany-based company engaged in the provision of vehicle washing solutions. The Company operates, along with its group companies, in the development, manufacture, sale and servicing of car wash products.MARKET: Frankfurt
http://www.washtec.de
Gain over the last quarter: +13.7 %
Fair value: 71 €
Discount: 6%
Average yearly return: 49%
Yield: 8.5%
Outperformer
On May 3, 2017 WashTec AG announced:: * Successful start into 2017: further substantial first-quarter growth after strong Q4 2016 * Q1 revenue at 101.2 million euros EBIT at12.1 million euros * Guidance 2017: full-year revenue growth of at least 10% and to at least 410 million euros, with EBIT margin in excess of 12% * Dividend of 2.10 euros per share * Q1 net income 8.6 million euros versus 2.6 million euros year ago
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