on WashTec AG (ETR:WSU)
WashTec AG Initiates Share Buyback Program
Augsburg-based WashTec AG, known for its innovative vehicle wash solutions, has launched a share buyback program. This initiative, announced on October 23, 2025, is now underway. The decision reflects WashTec's confidence in its business longevity, as highlighted by CEO Michael Drolshagen. He attributes this move to strong operational performance and significant cash flow generation, aiming to enhance shareholder value.
CFO Andreas Pabst underscores that share buybacks complement the company's dividend strategy and showcase financial robustness. Scheduled to run from November 6, 2025, to May 4, 2026, the program targets a maximum buyback volume of €5.0 million or 100,000 shares. These shares could be used for purposes approved by the Annual General Meeting.
The buyback will be executed by Joh. Berenberg, Gossler & Co. KG. Further details have been published and are accessible on the WashTec AG Investor Relations website.
R. H.
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