WashTec positive on 2016

WashTec is confident to increase its revenue for 2016 between 3% and 5% on the back of a strong order book. At the beginning of April, WashTec reported a strong year for 2015 with revenues of €340.9m. This compared to €302.6m for 2014. WashTec reached an earnings before interest, tax, depreciation and amortization of €46.1m. Again this was an improvement on 2014 when the figure was €28.6m. On top of this, all segments were able to improve their revenues and operating income. The number of employees increased from 1664 to 1,689 employees at the end of December 2015. For investors earnings per share increased significantly to €1.78 from €0.91, while the average number of shares reduced from 13.9m to 13.8m due to the share buyback program.