Market Focus: WashTec releases its 2017 results - Professional Carwashing & Detailing

Market Focus: WashTec releases its 2017 results

In this week's Market Focus, we cover financial news, a fundraiser for a great cause and an IDA update.

WashTec releases its 2017 results

ARVADA, Colo. — WashTec AG of Germany, parent company of Colorado-based Mark VII Equipment, recently announced preliminary 2017 fiscal year results showing a revenue increase of 52.2m EUR (14 percent) to 425.0m EUR, according to a company press release.

EBIT increased by 8.1m EUR (18.4 percent) to 52.2m EUR during the same period, added the release.

According to the company, North America and Europe contributed to the strong revenue growth, and the positive performance trend was sustained across all customer and product segments.

“We’re proud to be the global leader in the carwash industry,” said Lee Norton, CEO of Mark VII. “And I’m especially proud of the key role our Mark VII team in North America played in achieving such outstanding results. We thank our customers for choosing Mark VII as their partner, and we look forward to continuing to drive the growth of their carwash businesses in 2018.”
 

WOW Carwash raises over $1,800 for hit and run victim

LITTLETON, Colo. — WOW Carwash raised $1,813 to help Lorenzo Pranchke and his family with medical expenses, noted a press release.

The 15-year-old Chatfield High School student was critically injured in a hit and run accident in early January when walking home from school, added the release.

WOW Carwash donated 50 percent of its carwash sales from 10 a.m. through 3 p.m. on Saturday, Jan. 27th, noted the release.

“Thanks so much to WOW for having the carwash event for my grandson,” expressed Judy Pranchke, the boy’s grandmother. “It meant so much to all of us, especially Donny, our son, and Lorenzo.”

 

Labato elected president of IDA

MELBOURNE, Fla. — Justin “JL” Labato (CD, SV, RT), founder of Melbourne’s JL’s Showroom Detailing, was elected by the Board of Directors as the 2018 president of the International Detailing Association (IDA), according to a company press release.

He accepted the position at the IDA’s Annual Meeting during the Mobile Tech Expo 2018, explained the release.

According to the release, Labato joined the IDA in 2014 where he earned their professional certification (CD); after getting involved on a couple of committees, he was among the first group of detailers in the nation to earn the organization’s advanced Skills Validated (SV) certification, a challenging hands-on test that measures a detailer’s ability to think on his or her feet when confronted with complex problems for both interior and exterior services.

Shortly afterward, continued the release, he went on to become one of the IDA’s Recognized Trainers (RT), qualifying him to train and certify new detailers according to IDA standards.

“The best way to affect positive changes, promote growth and ensure quality work in any profession is to get involved in your industry,” says Labato. “I plan to continue the monumental growth of the IDA over the next year, and continue to strive for more consumer awareness about the benefits of using an IDA-certified detailer to care for and protect your automotive investment.”

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