Professional Carwashing & Detailing

WashTec AG reports significant growth in U.S.

February 18, 2013

ARVADA, CO — WashTec AG of Germany, the parent company of Mark VII Equipment Inc., announced almost 3 percent revenue growth, according to a press release.

The Feb. 13 release stated that overall growth was held back by the economic crisis in parts of Europe, but growth in the U.S. was significantly higher.

WashTec AG’s revenue grew to EUR 301.5 m in 2012. EBIT for the year increased to EUR 19.2 m and net finance debt was reduced to EUR 8.3 m.

Complete consolidated financial statements are schedule for publication on March 16, 2013.