WashTec AG has confirmed its medium- and long-term profitability ambitions, stating that its revised outlook for fiscal year 2026 does not change its strategic direction or long-term earnings potential. The Augsburg-based carwash solutions provider continues to target an EBIT margin of 12-14% in the 2028/29 timeframe, supported by operational efficiency programs, a growing share of recurring revenues and its North American strategy. The company said the revised 2026 outlook primarily reflects short-term developments and a delay in the efficiency programs affecting the current financial year. CEO Michael Drolshagen called the revised 2026 outlook clearly disappointing but said the announced streamlining of the management board and middle management will let the organization act faster and execute strategic priorities with greater focus, adding that fiscal year 2027 should mark a meaningful step toward the ambition. WashTec employs around 1,850 people worldwide and is represented by independent distributors in around 80 countries.
WashTec AGWashTec reaffirms its 12-14% EBIT margin target for 2028/29 despite a disappointing revised 2026 outlook and delayed efficiency programs.
