WashTec AG is accelerating its transformation into an international solutions and services provider and streamlining its management structure after business and earnings performance fell short of expectations. The Supervisory Board has extended the contract of Chief Executive Officer Michael Drolshagen until the end of April 2030, and the Management Board will, until further notice, consist of two members: Michael Drolshagen as CEO and Andreas Pabst as CFO, with the areas previously overseen by the CSO reorganised and more closely integrated into overall operational responsibility. As part of the reorganisation, long-standing WashTec manager Arthur Wessels is taking on global responsibility for sales and marketing, and the management structure at middle management level has also been adjusted and streamlined. The changes affect the outlook for the 2026 fiscal year: WashTec now expects revenue growth in the mid-single-digit percentage range, led by the Equipment and Service business lines, while the Consumables business line is not yet able to meet expectations, and the organisational changes will reduce revenues for the current fiscal year by a single-digit million figure. WashTec has revised its 2026 earnings guidance and now expects a declining EBIT margin of between 8% and 9%, previously an increase in EBIT disproportionately higher than revenue growth, and consequently a ROCE below the prior year's level, previously an increase of 0.5-2.0 percentage points. The company said delays mainly in the first half of the year, particularly regarding the relocation of production and the optimisation of installation costs, cannot be made up for in the current fiscal year but will contribute positively to earnings from the following year onwards as planned.
WashTec AGWashTec cut its 2026 EBIT margin guidance to 8%-9% and now expects ROCE below prior year after earnings fell short.
Koninklijke Vopak NV