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As of 1:15 PM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

Argonstrasse 7

Augsburg, 86153

Germany

Phone: 49 821 5584 0

Fax: 49 821 5584 1135

WashTec AG, through its subsidiaries, engages in the development, design, production, sale, and servicing of automatic wash systems for cars and vehicles worldwide. The company offers mechanical, biological, and chemical water reclaim systems for all car wash systems. The company’s subsidiaries include WashTec AG are AUWA-Chemie GmbH & Co. KG, WashTec Holding GmbH, and WesuRent Car Wash Marketing GmbH. Divisions The company’s operations include two divisions: Cleaning technology division and Systems division. The Cleaning Technology division includes the development, design, production, sale, and servicing of automatic wash systems for cars and commercial vehicles. The Systems division offers system solutions for the operation of vehicle wash systems. Finished machines are sold to a leasing company and then leased back to be re-leased to customers, in particular major operator groups and mineral oil companies within the framework of their operating models. These agreements generally have a term of five to ten years. The systems business is consolidated at WesuRent Car Wash Marketing GmbH, Augsburg, Germany. Products The company's product range comprises roll-over washing systems, car wash conveyors, as well as commercial car wash facilities, self-service wash systems and water reclaim systems. It also offers service packages for the entire product life of the products sold. Its product range is divided into three segments: Premium, Basic, and Classic. Premium: The company offers products for a high number of washes, with requirements in respect of the washing result, equipment, and programme diversity. Classic: The company offers products for professional operators with medium to high requirements in respect of options and the number of washes. Basic: The company offers products for locations with smaller number of washes and lower requirements concerning options. Competition The company’s competitors include Otto Christ AG (Germany), Ceccato SPA (Italy), and Istobal SA (Spain).

 

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Price/Earnings 13.6x
Price/Sales 0.6x
Price/Book 1.9x
Price/Cash Flow 7.6x
TEV/Sales 0.5x
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