WashTec: Shares plummet on weak H1, outlook cut

Washtec AG

08/07/2019 08:18

** Shares in car wash equipment maker WashTec  WSUG.DE  fall
>15%
    ** Reports H1 EBIT down around 50%
    ** Adjusts 2019 outlook: Aims at a stable development in
revenues with EBIT return of at least 10%
    ** Previous outlook was for significant revenue growth, with
a significant increase in EBIT
    ** The stock is at the bottom of German smallcap index
 .SDAXI  and at its lowest level in more than 2.5 years

 ((bartosz.dabrowski@tr.com))