WashTec AG (OTCPK:WHTAF)

$ 40.0054 0 (0%) Market Cap: 548.11 Mil Enterprise Value: 602.57 Mil PE Ratio: 18.02 PB Ratio: 6.97 GF Score: 66/100

Q1 2023 WashTec AG Earnings Call Transcript

May 04, 2023 / 01:00PM GMT

Release Date Price: $60

Transcript

Ralf Koeppe

WashTec AG - CEO, CTO & Chairman of Management Board

Ladies and gentlemen, on behalf of the WashTec Board, together with my colleague, Andreas Pabst, CFO, I would like to welcome you to the Q1 statement.

As you can see, we are presenting this event as a live stream. Thank you for your feedback that you gave us after last call, we have decided to have the Q&A session as an interact format. This means you will not have to use the chat, and you can ask your questions directly. Detailed instructions will be given by the operator at the end of this presentation.

It was just a few weeks ago when we held the year-end call. Therefore, our update on WashTec will be brief. Andreas Pabst will present the figures of the first quarter after my presentation. Finally, we will have the Q&A session.

WashTec had a really good start in 2023. The first quarter was successful, record high revenue, record high EBIT earnings per share up by 52%. And despite high investments, we had a positive free cash flow. This is clearly a development. We are very confident with as the

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