Washtec AG reported consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company's revenues were EUR 65.3 million compared to EUR 66.7 million a year ago. EITDA was 1.3 EUR million compared to EUR 2.5 million a year ago. LBIT was EUR 1.2 million compared to EBIT of EUR 0.1 million a year ago. LBT was EUR 1.8 million compared to EUR 0.3 million a year ago. Net loss was EUR 1.6 million or EUR 0.11 per share compared to EUR 0.6 million or EUR 0.04 per share a year ago. Net finance debt as on March 31, 2013 was EUR 5.0 million compared to EUR 8.3 million as on December 31, 2012. The first quarter is traditionally the weakest quarter for the WashTec Group. The company is therefore expecting an improvement in the second half of the year. The company confirms its guidance for 2013: revenue growth up to 2% with proportionate earnings development.

Washtec AG, Q1 2013 Earnings Call, May 07, 2013

Washtec AG announced earnings results for the fiscal year 2012. For the year, the company reported EBIT (adjusted) of EUR 18.5 million against EUR 17.6 million a year ago. EBT was EUR 16.5 million against LBT of EUR 11.9 million a year ago. Consolidated net income was EUR 10.1 million or EUR 0.72 per share against net loss of EUR 14.6 million or EUR 1.04 per share a year ago. Net cash flow was EUR 23.1 million against EUR 17.2 million a year ago. Free cash flow was EUR 19.6 million against EUR 8.4 million a year ago. For 2013, the company’s operations are targeting stable revenues and earnings with growth rates of up to 2%.