Washtec AG reported group preliminary financial results for the year 2016. For the year, the company reported that its revenue increased by 9.4% to EUR 372.8 million compared to prior year of EUR 340.9 million after a strong final quarter 2016. Adjusted for exchange rate effects, revenue increased by 10.0% compared to the prior year. In the fourth quarter the growth amounted to 18.8%. Earnings before interest, tax, depreciation and amortization (EBITDA) were at EUR 53.4 million compared to prior year of EUR 46.1 million. Earnings before interest and tax (EBIT) were at EUR 44.1 million compared to prior year of EUR 36.5 million. This equates to an EBIT margin of 11.8%, a further improvement compared to the prior year 10.7%. All regions and products contributed to the revenue growth. Whilst in the first half of the year, individual customers contributed strongly to the growth, business with existing major customers, positively influenced the solid development in the second half. Net financial debt was EUR 4.5 million compared to EUR 1.9 million a year ago.