WashTec AG Reports 5.6% Revenue Growth in First Half of 2025

WashTec AG, the world's leading provider of vehicle washing technology, posted 5.6% revenue growth in the first half of 2025 with a 6.0% increase in EBIT, and a disproportionately large 10.4% increase in EBIT in the second quarter of 2025.

• The continuing transition to greater revenue from recurring service and consumables... nearly 50/50 between that category and equipment.
• The cited weakness in U.S. results, compared to European market growth.
• The company maintains its full-year 2025 guidance, expecting mid-single-digit percentage revenue growth and high single-digit to low double-digit percentage EBIT growth. Management’s confidence appears based on the successful resolution of key account contract negotiations in North America and strong underlying demand trends, particularly the growing order backlog across both regions.

According to a press release from August 5, 2025, the WashTec Group generated revenue of €232.5m in the first six months of 2025, up 5.6% on the prior year (€220.2m). This mainly reflects increased revenue across all business lines in Europe and other segments, while revenue in the North America segment was down on the prior year due to lower equipment sales, despite positive performance in Service and Consumables.

In the second quarter, revenue increased 3.5% to €123.6m on the prior year (€119.4m). The increase resulted from the positive business performance in Europe and other segments.

EBIT increased by €1.0m to €17.6m in the first half year (prior year: €16.6m). At 7.6%, the EBIT margin for the first six months was on a similar level to the prior year (7.6%). The fall in revenue in North America had a negative impact on EBIT performance in the segment and in the Group as a whole.

In the second quarter, WashTec achieved a disproportionately large 10.4% increase in EBIT to €12.7m (prior year: €11.5m), mainly due to the positive business performance in the Europe and other segment. The EBIT margin increased to 10.3% (prior year: 9.7%), which is higher than both the prior-year quarter and the first quarter of 2025.

At €20.0m, the WashTec Group’s free cash flow for the first half-year was on a par with the prior year (€20.1m). Operating working capital management, in particular, was further improved in the first six months.

Orders received for equipment were significantly higher in the first six months than in the same period of the prior year. The positive trend in orders received continued from the first quarter through the second. The order backlog at the end of June was up on the prior year in both the Europe and other and the North America segments.

The WashTec Group confirms its guidance for fiscal year 2025. This forecast is based on the assumption that the current global trade conflict and US tariff policy will not have a significant negative impact on investment behavior in the carwash market.

“WashTec looks back on a successful first half of 2025. A particular highlight is the market launch of our new gantry car wash SmartCare Connect, which has been very well received by our customers. We also significantly expanded our recurring revenues from service and consumables,” said Michael Drolshagen, CEO of WashTec AG.

The full report on the first half of 2025 and further information about the WashTec Group can be found on their Investor Relations Website.

About WashTec:

The WashTec Group, based in Augsburg, Germany, is the leading provider of innovative carwash solutions. WashTec employs around 1,800 people worldwide and has subsidiaries in the markets of Europe, North America and Asia/Pacific. WashTec is also represented by independent distributors in around 80 countries.