WashTec AG of Germany, provider of solutions for the car wash business worldwide and parent company of Colorado-based Mark VII Equipment, has announced preliminary 2017 fiscal year results showing a revenue increase of 52.2 million EUR (14 percent) to 425.0 million EUR. EBIT increased by 8.1 million EUR (18.4 percent) to 52.2 million EUR during the same period. 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 car wash 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.”