WashTec AG of Germany, the parent company of Mark VII Equipment Inc. in Arvada, CO, posted revenues of EUR 302.6m in 2014 (prior year: EUR 299.7m). The company achieved earnings before interest, tax, depreciation and amortization (EBITDA) of EUR 28.6m (prior year: EUR 27.0). Earnings before interest and tax (EBIT) were at EUR 18.4m (prior year: EUR 17.1).
According to a company statement dated March 31, 2015, WashTec is looking to a slight increase in revenues and a significant increase of EBIT for fiscal year 2015. Free cash flow is projected to decrease slightly, because of exceptionally high customer prepayments in 2014 and higher investments in 2015.
The annual report for fiscal year 2014 and additional information about the company can be found on its website: www.washtec.eu.