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WashTec AG (WSUG.DE)

WSUG.DE on Xetra

39.65EUR
10 Jul 2020
Change (% chg)

€1.10 (+2.85%)
Prev Close
€38.55
Open
€38.10
Day's High
€40.00
Day's Low
€38.10
Volume
19,447
Avg. Vol
18,352
52-wk High
€57.50
52-wk Low
€28.85

Latest Key Developments (Source: Significant Developments)

Washtec No Dividend To Be Paid For Financial Year 2019
Wednesday, 10 Jun 2020 

June 10 (Reuters) - WASHTEC AG ::ADJUSTS THE DIVIDEND PROPOSAL FOR 2019.NO DIVIDEND WILL BE PAID FOR FINANCIAL YEAR 2019 (ORIGINAL PROPOSAL: EUR 1.65 PER SHARE).CONTINUING ECONOMIC UNCERTAINTIES REGARDING DRASTIC EFFECTS OF COVID-19 PANDEMIC WILL ALSO LEAD TO A SIGNIFICANT YEAR-ON-YEAR DECLINE IN REVENUE AND EBIT AT WASHTEC.NET INCOME IN APRIL AND MAY WERE POSITIVE DESPITE SIGNIFICANT DECLINE IN REVENUE.WASHTEC IS CONSISTENTLY PUSHING AHEAD WITH ITS EXTENSIVE COST-CUTTING MEASURES.  Full Article

Washtec Appoints Kerstin Reden As CFO
Friday, 15 May 2020 

May 15 (Reuters) - WASHTEC AG ::NEW CHIEF FINANCIAL OFFICER (CFO) AT WASHTEC.AXEL JAEGER, CURRENTLY CHIEF FINANCIAL OFFICER (CFO) OF WASHTEC AG, IS LEAVING COMPANY AT HIS OWN REQUEST ON MAY 31, 2020.DR. KERSTIN REDEN (50) WILL BE APPOINTED AS MEMBER OF MANAGEMENT BOARD AND CFO WITH EFFECT FROM AUGUST 1, 2020.DR. KOEPPE - CEO/CTO OF WASHTEC - WILL TEMPORARILY TAKE OVER FUNCTION OF CFO DURING TRANSITION PERIOD FROM JUNE 1, 2020 TO JULY 31, 2020.  Full Article

Washtec Q1 EBIT Down At EUR 1.7 Mln
Tuesday, 28 Apr 2020 

April 28 (Reuters) - WashTec AG ::DGAP-NEWS: WASHTEC AG: EFFECTS OF COVID-19 PANDEMIC CLEARLY NOTICEABLE AT THE END OF THE FIRST QUARTER.GUIDANCE FOR 2020 RETRACTED DUE TO UNFORESEEABLE BUSINESS IMPACT OF COVID-19 PANDEMIC.Q1 REVENUE AT EUR 87.3M (PRIOR YEAR: EUR 92.3M) SIGNIFICANTLY DOWN ON PRIOR.Q1 EBIT AT EUR 1.7M (PRIOR YEAR: EUR 2.6M) DESPITE COST REDUCTIONS, DOWN ON PRIOR YEAR DUE TO LOWER REVENUE.Q1 REVENUE AT EUR 87.3M (PRIOR YEAR: EUR 92.3M) SIGNIFICANTLY DOWN ON PRIOR YEAR.  Full Article

Washtec Withdraws Outlook 2020 Due To Effects Of Covid-19 Pandemic On Business
Friday, 3 Apr 2020 

April 3 (Reuters) - WASHTEC AG ::WASHTEC WITHDRAWS OUTLOOK 2020 DUE TO THE EFFECTS OF THE COVID-19 PANDEMIC ON BUSINESS.AN UPDATED OUTLOOK IS NOT POSSIBLE UNDER CURRENT FAST-MOVING CHANGES..ESTABLISHMENT OF CONTINGENCY PLANS AND A FORWARD-LOOKING SAFEGUARDING OF COMPANY'S LIQUIDITY.IN CONNECTION WITH THIS, WASHTEC WILL ALSO REVIEW ITS DIVIDEND PROPOSAL OF MARCH 11, 2020.  Full Article

WashTec FY EBIT Down At EUR 36.3 Mln
Wednesday, 18 Mar 2020 

March 18 (Reuters) - WASHTEC AG ::FISCAL YEAR 2019 - STABLE REVENUE PERFORMANCE WITH SIGNIFICANT DECREASE IN EBIT - PERFORMANCE PROGRAM SHOWS FIRST SUCCESSES IN THE SECOND HALF OF THE YEAR.FY REVENUE UP BY 0.2% FROM EUR 435.4M TO EUR 436.5M.FY EBIT DOWN ON PRIOR YEAR AT EUR 36.3M (PRIOR YEAR: EUR 51.5M).GUIDANCE 2020: STABLE REVENUE GROWTH WITH A SLIGHT INCREASE IN EBIT.OUTLOOK 2020: EFFECTS ON OUTLOOK DUE TO CORONAVIRUS CRISIS ARE FINALLY DETERMINED BY VARIOUS FACTORS.IT IS NOT POSSIBLE TO FORESEE OVER WHAT PERIOD OF TIME, IN WHICH DIVISIONS AND TO WHAT EXTENT THERE WILL BE NEGATIVE EFFECTS FROM CORONAVIRUS.DIVIDEND OF EUR 1.65 PER SHARE.WORKING ON INCREASING PROFITABILITY IN ORDER TO RETURN TO A DOUBLE-DIGIT EBIT MARGIN IN MEDIUM TERM.  Full Article

Washtec Plans Dividend Of EUR 1.65 Per Share
Wednesday, 11 Mar 2020 

March 11 (Reuters) - WashTec AG ::PLANS DIVIDEND OF EUR 1.65 PER SHARE.WILL PROPOSE TO ANNUAL GENERAL MEETING DISTRIBUTION OF A TOTAL DIVIDEND OF EUR 1.65 PER NO-PAR VALUE SHARE.  Full Article

Washtec FY Revenue Stable At EUR 436.5 Million
Thursday, 6 Feb 2020 

Feb 6 (Reuters) - WASHTEC AG ::FY REVENUE OF EUR 436.5M STABLE AT PRIOR YEAR'S LEVEL (PRIOR YEAR: EUR 435.4M).ORDER BACKLOG AT END OF 2019 WAS ABOVE PRIOR YEAR.FY EARNINGS BEFORE INTEREST AND TAXES (EBIT) BEFORE EXTRAORDINARY EXPENSES EUR 38.2M.RECORD FOURTH-QUARTER REVENUE RESULTED IN LARGE INCREASE IN TRADE RECEIVABLES, THIS WILL RETURN TO NORMAL IN Q1 OF 2020.  Full Article

Washtec H1 EBIT Down At EUR 9.2 Mln, Adjusts 2019 Guidance
Friday, 5 Jul 2019 

July 8 (Reuters) - WashTec AG ::SAID ON FRIDAY ANNOUNCED PRELIMINARY FIGURES FIRST HALF YEAR 2019 AND ADJUSTMENT OF GUIDANCE FOR THE FULL YEAR 2019'.H1 REVENUES OF MLN. EUR 199.1 (PRIOR YEAR: MLN. EUR 200.1)..H1 EBIT OF MLN. EUR 9.2 (PRIOR YEAR: MLN. EUR 18.3) AS OF JUNE 30TH, 2019..FOR 2019 AIMS AT A STABLE DEVELOPMENT IN REVENUES WITH AN EBIT RETURN OF AT LEAST 10%.DOES NO LONGER EXPECT THAT KEY ACCOUNT BUSINESS FOR THE FULL YEAR WILL INCREASE COMPARED TO 2018.  Full Article

Washtec Q1 Pretax Profit Falls To 2.5 Mln Eur
Monday, 29 Apr 2019 

April 29 (Reuters) - WashTec AG ::Q1 SALES 92.3 MILLION EUR.Q1 PRETAX PROFIT FALLS TO 2.5 MILLION EUR PARTLY DUE TO HIGHER STAFF COSTS.CONFIRMS EBIT SHOULD INCREASE SIGNIFICANTLY THIS YEAR.  Full Article

BRIEF-Washtec Withdraws Outlook 2020 Due To Effects Of Covid-19 Pandemic On Business

* WASHTEC WITHDRAWS OUTLOOK 2020 DUE TO THE EFFECTS OF THE COVID-19 PANDEMIC ON BUSINESS