sur WashTec AG (ETR:WSU)
WashTec Accelerates Transformation and Streamlines Management
WashTec AG is advancing its strategic transformation into a solutions and services provider with a leaner management structure. The company's Supervisory Board has extended CEO Michael Drolshagen’s contract until April 2030, emphasizing confidence in the current strategy. In a bid to enhance efficiency and customer focus, the Management Board will now include just two members: CEO Michael Drolshagen and CFO Andreas Pabst.
The company also anticipates a mid-single-digit percentage revenue growth in 2026, mainly driven by Equipment and Service sectors. However, it projects an EBIT margin between 8% and 9%, marking a decline relative to previous expectations. Changes within the management structure are forecasted to contribute positively to future earnings, despite anticipated short-term impacts on the current fiscal year's results.
R. H.
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