Wash Tec

We feel like a lame duck on the markets.

WSU.DE (ISIN: DE0007507501)

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: +2.1 % 

Fair value: 76 €
Discount: 10%
Average yearly return: 53%
Yield: 8.5%
Outperformer

July 28, 2017 WASHTEC : * STRONG GROWTH IN HALF-YEAR REVENUE AND HALF-YEAR EARNINGS * HALF YEAR EBIT ROSE 61.3 PERCENT TO 25 MILLION EUR * HALF YEAR REVENUE ROSE 24.1 PERCENT TO 209.9 MILLION EUR * H1 REVENUE INCREASED BY 24.1% TO EUR209.9M * H1 EBIT UP BY 61.3% TO EUR25.0M * FORECAST 2017: REVENUE GROWTH TO AT LEAST EUR420M WITH EBIT MARGIN IN EXCESS OF 12%
* STRONG GROWTH IN HALF-YEAR REVENUE AND HALF-YEAR EARNINGS * HALF YEAR EBIT ROSE 61.3 PERCENT TO 25 MILLION EUR * HALF YEAR REVENUE ROSE 24.1 PERCENT TO 209.9 MILLION EUR * H1 REVENUE INCREASED BY 24.1% TO EUR209.9M * H1 EBIT UP BY 61.3% TO EUR25.0M * FORECAST 2017: REVENUE GROWTH TO AT LEAST EUR420M WITH EBIT MARGIN IN EXCESS OF 12%

* STRONG GROWTH IN HALF-YEAR REVENUE AND HALF-YEAR EARNINGS * HALF YEAR EBIT ROSE 61.3 PERCENT TO 25 MILLION EUR * HALF YEAR REVENUE ROSE 24.1 PERCENT TO 209.9 MILLION EUR * H1 REVENUE INCREASED BY 24.1% TO EUR209.9M * H1 EBIT UP BY 61.3% TO EUR25.0M * FORECAST 2017: REVENUE GROWTH TO AT LEAST EUR420M WITH EBIT MARGIN IN EXCESS OF 12%