Mark VII's parent company WashTec announces 2017 results

Arvada, Colorado - February 1, 2018 - WashTec AG of Germany, the leading supplier of innovative solutions for the carwash business worldwide and parent company of Colorado-based Mark VII Equipment, announced preliminary 2017 fiscal year results showing a revenue increase of 52.2m EUR (14%) to 425.0m EUR.  EBIT increased by 8.1m EUR (18.4%) to 52.2m 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 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."

About WashTec and Mark VII

WashTec Group, based in Augsburg, Germany, is the leading provider of innovative car wash solutions worldwide.  The company has over 1,800 employees and direct subsidiaries throughout Europe, North America and Asia/Pacific.  Combined with its extensive network of independent marketing partners, WashTec's footprint extends to approximately 70 countries worldwide.