xbrli:pureiso4217:DKK165743172021-01-012021-12-31165743172021-01-012021-12-311165743172021-01-012021-12-311165743172021-01-012021-12-311165743172021-01-012021-12-312165743172021-01-012021-12-313165743172021-01-012021-12-31165743172020-01-012020-12-31165743172021-01-012021-12-31fsa:RetainedEarningsMember165743172021-01-012021-12-31fsa:ProposedDividendRecognisedInEquityMember165743172021-01-012021-12-31fsa:ProposedDividendRecognisedInEquityMember165743172020-01-012020-12-31fsa:ProposedDividendRecognisedInEquityMember165743172021-01-012021-12-31fsa:RetainedEarningsMember165743172020-01-012020-12-31fsa:RetainedEarningsMember165743172021-12-31165743172020-12-31165743172021-01-01fsa:ContributedCapitalMember165743172021-01-01fsa:RetainedEarningsMember165743172021-01-01fsa:ProposedDividendRecognisedInEquityMember165743172021-01-01165743172021-12-31fsa:ContributedCapitalMember165743172021-12-31fsa:RetainedEarningsMember165743172021-12-31fsa:ProposedDividendRecognisedInEquityMember165743172021-01-012021-12-31fsa:ShorttermDeferredIncomeMemberGrundlag for konklusionKonklusion2022-04-212022-04-21Regnskabsklasse C, mellemstor virksomhed2020-01-012020-12-31Høje-taastrupHedehusene2640Revisionspåtegning2021-12-312021-01-01<br /><br />10GuldalderenWashtec A/S16574317339635562300 København SWeidekampsgade 6Deloitte Statsautoriseret RevisionspartnerselskabÅrsrapportDanske BankHolmens Kanal 21090 København KPricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab Milnersvej 433400 Hillerød 33771231The Board of Directors and the Executive Board have today considered and approved the annual report of Washtec A/S for the financial year 01.01.2021 - 31.12.2021.The annual report is presented in accordance with the Danish Financial Statements Act.In our opinion, the financial statements give a true and fair view of the Entity’s financial position at 31.12.2021 and of the results of its operations for the financial year 01.01.2021 - 31.12.2021.We believe that the management commentary contains a fair review of the affairs and conditions referred to therein.We recommend the annual report for adoption at the Annual General Meeting.HedehuseneMorten DaleThomas Munch AndersenStephan WeberMorten DaleTo the shareholders of Washtec A/SIn our opinion, the Financial Statements give a true and fair view of the financial position of the Company at 31 December 2021, and of the results of the Company’s operations for the financial year 1 January - 31 December 2021 in accordance with the Danish Financial Statements Act. We have audited the Financial Statements of Washtec A/S for the financial year 1 January - 31 December 2021, which comprise income statement, balance sheet, statement of changes in equity and notes, including a summary of significant accounting policies (“financial statements”). We conducted our audit in accordance with International Standards on Auditing (ISAs) and additional requirements applicable in Denmark. Our responsibilities under those standards and requirements are further ​described in the "Auditor’s responsibilities for the audit of the financial statements" section of this auditor’s report. We are independent of the Entity in accordance with the International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (IESBA Code) and the additional ethical ​requirements applicable in Denmark, and we have fulfilled our other ethical responsibilities in accordance with ​these requirements and the IESBA Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Statement on Management’s Commentary Management is responsible for Management’s Commentary. Our opinion on the financial statements does not cover Management’s Commentary, and we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read Management’s Commentary and, in doing so, consider whether Management’s Commentary is materially inconsistent with the financial statements or our knowledge obtained during the audit, or otherwise appears to be materially misstated. Moreover, it is our responsibility to consider whether Management’s Commentary provides the information required under the Danish Financial Statements Act. Based on the work we have performed, in our view, Management’s Commentary is in accordance with the Financial Statements and has been prepared in accordance with the requirements of the Danish Financial Statements Act. We did not identify any material misstatement in Management’s Commentary. Management is responsible for the preparation of Financial Statements that give a true and fair view in accordance with the Danish Financial Statements Act, and for such internal control as Management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, Management is responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting in preparing the financial statements unless Management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. As part of an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: <br />Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. <br />Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Entity’s internal control. <br />Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by Management. <br />Conclude on the appropriateness of Management’s use of the going concern basis of accounting in preparing the financial statements and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Company to cease to continue as a going concern. <br />Evaluate the overall presentation, structure and contents of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that gives a true and fair view.<br />We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. HillerødCarsten Blichermne16560State Authorised Public AccountantFinancial highlights2021 DKK'0002020 DKK'0002019 DKK'0002018 DKK'0002017 DKK'000Key figuresGross profit/loss42,01841,94946,35544,75452,775Operating profit/loss3,3475,1455,1115,6158,544Net financials185(9)1011,434(50)Profit/loss for the year4,2215,5465,3835,8086,574Total assets49,46956,29149,26244,37254,975Investments in property, plant and equipment2,9183,76811,1311,6543,172Equity19,89119,67018,12416,74114,992Average number of employees4643484856RatiosReturn on equity (%)21.3429.3530.8836.6140.46Equity ratio (%)40.2134.9436.7937.7327.27Return on assets (%)9.769.1813.6712.6515.54Financial highlights are defined and calculated in accordance with the current version of "Recommendations & Ratios" issued by the CFA Society Denmark.Return on equity (%) :Profit/loss for the year * 100 Average equityEquity ratio (%) :Equity * 100 Total assetsReturn on assets (%): ​EBIT * 100 ​Total assetsPrimary activitiesWashTec A/S markets and sells car wash systems on the Danish market. WashTec A/S is a subsidiary of WashTec Cleaning Technology GmbH, Germany. The activities in Denmark comprise sale and maintenance service of automatic wash systems for cars, buses and surveillance for unattended car washing facilities. In relation to these activities, the Company also markets and sells spare parts, cleaning products, car wash installation services, water recovery systems, etc. With this product programme WashTec A/S is the largest total supplier on the Danish market, and consequently the market leader. Development in activities and financesThe income statement of the Company for 2021 shows a profit of DKK 4.221 thousand, and at 31.12.2021 the balance sheet of the Company shows equity of DKK 19.891 thousand. The Norwegian subsidiary (WashTec Bilvask AS) is owned 100% by WashTec A/S. Management considers the overall performance for the year satisfactory.Profit/loss for the year in relation to expected developmentsThe Company expects a gross profit for 2022 slightly above the level of 2021.Uncertainty relating to recognition and measurementRecognition and measurement in the financial statements have not been subject to any uncertainty.Unusual circumstances affecting recognition and measurementThe financial position at 31.12.2021 of the Company and the results of the activities of the Company for the financial year for 2021 have not been affected by any unusual events. OutlookThe company expects a gross profit for 2022 above the level of 2021.Environmental performanceWashtec meets the highest standards, not only of the product and service quality, but also in environmental protection. In our operations, we always aim for maximum efficiency in the use of materials and resources.Research and development activitiesResearch and development activities are performed by the parent company. There is no research and development activities by the company in Denmark. The focus of the research and development work in the parent company regards innovation and ongoing development of the products and production processes. The main focus is on optimizing washing and drying processes, enhancing ease of use and improving product availability and efficiency. Events after the balance sheet dateNo events have occurred after the balance sheet date to this date, which would influence the evaluation of this Annual Report.42017583419488133456718532367415410295344362383347445514516014824561514470270586210173857912186935014696665111079378211053314220914554577922091440000004000000400000022091415457791417318133173879337419339786135034438617948609311110141519817951981791576918987975355870609697614841963172071175376671492144153766714921441211233032960310762951701891438191535134406348814876582427917332006156497118221565693462702639084166494689895629128340010004001000118900101166909640000004000000198910101967009640010001166909640000001967009640010001189001040000001698643183080916986431830809195071026932481950710269324819540531941668399565358000634286639729968871266095191862282305958159816750588746997081306222592862632097130278793363479037849468989562912830-4000000-40000001 Events after the balance sheet dateNo events have occurred after the balance sheet date to this date, which would influence the evaluation of this annual report2 Staff costs2021 DKK2020 DKKWages and salaries31,603,61329,750,089Pension costs2,753,3112,432,334Other staff costs210,261184,99234,567,18532,367,415Average number of full-time employees4645Remuneration to the Executive Board has not been disclosed in the accordance with section 98 B(3) of the Danish ​Financial Statements Act. No remuneration has been paid to the Board of Directors. 46453 Depreciation, amortisation and impairment losses2021 DKK2020 DKKDepreciation of property, plant and equipment4,102,9534,436,2384,102,9534,436,238Depreciation of right of use assets 2,067,271 DKK is included in "Depreciation of property, plant and equipment". Loss from sale of right of use assets ? DKK is included in "Profit/loss from sale of intangible assets and property, plant and equipment". 4 Other financial income2021 DKK2020 DKKFinancial income from group enterprises270,418209,554Exchange rate adjustments168619270,586210,1735 Other financial expenses2021 DKK2020 DKKExchange rate adjustments44,33031,947Other financial expenses41,461186,74685,791218,693Finance lease interest 12,385 DKK is included in "other financial expenses" above".<br />2021 DKK2020 DKKExchange rate adjustments44,33031,947Other financial expenses41,461186,74685,791218,6936 Tax on profit/loss for the year2021 DKK2020 DKKCurrent tax769,8621,060,305Change in deferred tax23,91381,716Adjustment concerning previous years7(36,690)793,7821,105,3317 Proposed distribution of profit and loss2021 DKK2020 DKKOrdinary dividend for the financial year4,000,0004,000,000Retained earnings 220,9141,545,779 4,220,9145,545,7798 Property, plant and equipmentLand and buildings DKKOther fixtures and fittings, tools and equipment DKKProperty, plant and equipment in progress DKKCost beginning of year10,278,32823,874,095438,617Additions349,6962,432,792135,034Disposals0(838,381)(438,617)Cost end of year10,628,02425,468,506135,034Depreciation and impairment losses beginning of year(8,946,590)(14,534,309)0Depreciation for the year(264,116)(3,838,837)0Reversal regarding disposals0838,3810Depreciation and impairment losses end of year(9,210,706)(17,534,765)0Carrying amount end of year1,417,3187,933,741135,034Recognised assets not owned by entity03,893,8600Right of use assets of the following amounts are included in other fixtures and fittings, tools and aquipment above. Right of use assets: DKK Cost beginning of year: 7,359,066 Additions: 1,334,566 Disposals: (838,381) Cost end year: 7,855,251 Depreciation and impairment losses beginning of year: (2,732,501) Depreciation for the year: (2,067,271) Reversal regarding disposals: 838,381 Depreciation and impairment losses end of year: (3,961,391) 9 Financial assetsInvestments in group enterprises DKKOther receivables DKKCost beginning of year5,198,179898,797Additions0157,691Disposals0(898,797)Cost end of year5,198,179157,691Carrying amount end of year5,198,179157,691Investments in subsidiariesRegistered inCorporate formEquity interest %Equity DKKProfit/loss DKKWashTec Bilvask ASNorwayAS10025,555,9514,245,763<br />Investments in group enterprises DKKOther receivables DKKCost beginning of year5,198,179898,797Additions0157,691Disposals0(898,797)Cost end of year5,198,179157,691Carrying amount end of year5,198,179157,69110 Deferred tax2021 DKK2020 DKKProperty, plant and equipment722,793706,144Financial assets2,4001,838Inventories89,663101,492Other deductible temporary differences1,076,5821,105,877Deferred tax1,891,4381,915,351 Changes during the year2021 DKKBeginning of year1,915,351Recognised in the income statement(23,913)End of year1,891,438Der skal i dette afsnit oplyses om de særlige forudsætninger, som ligger til grund for indregning og måling af udskudte skatteaktiver. 11 PrepaymentsPrepayments comprise expenses relating to the financial year 2021. 12 Share capitalNumberPar value DKKNominal value DKKShare capital4,00110004,001,0004,0014,001,000No shares carry special rights. There have been no changes in the share capital during the last five years. 13 Other provisionsOther provisions comprise provisions for warranties on installed machinery. 14 Non-current liabilities other than provisionsDue within 12 months 2021 DKKDue within 12 months 2020 DKKDue after more than 12 months 2021 DKKLease liabilities1,954,0531,941,6681,950,7101,954,0531,941,6681,950,710Short-term leases and low value leases are recognised as other expenses in the income statement, and amounts to 0 DKK in 2021.15 Deferred incomeDeferred income comprises non-recognised revenue from service contracts.16 Contingent liabilitiesIn Denmark, operating leases have been entered into on operating equipment with remaining periods of maximum 48 months. The obligation amounts to DKK 1.357 thousand. 17 Group relationsName and registered office of the Parent preparing consolidated financial statements for the smallest and highest group: WashTec AG, Augsburg, GermanyThe Group Annual Report of WashTec AG may be obtained at the following address: www.washtec.de – Investor Relations – Publikationen – Geschäftsberichte This annual report has been prepared in accordance with the provisions of the Danish Financial Statements Act governing reporting class C enterprises (medium).Consolidated financial statementsReferring to section 112(2) of the Danish Financial Statements Act, no consolidated financial statements have been prepared. The Financial Statement for Washtec A/S and affiliated subsidiaries are included in the consolidated financial statements for Washtec AG, Augsburg, Germany. Recognition and measurementAssets are recognised in the balance sheet when it is probable as a result of a prior event that future economic benefits will flow to the Entity, and the value of the asset can be measured reliably. Liabilities are recognised in the balance sheet when the Entity has a legal or constructive obligation as a result of a prior event, and it is probable that future economic benefits will flow out of the Entity, and the value of the liability can be measured reliably. On initial recognition, assets and liabilities are measured at cost. Measurement subsequent to initial recognition is effected as described below for each financial statement item. Anticipated risks and losses that arise before the time of presentation of the annual report and that confirm or invalidate affairs and conditions existing at the balance sheet date are considered at recognition and measurement. Income is recognised in the income statement when earned, whereas costs are recognised by the amounts attributable to this financial year.Foreign currency translationOn initial recognition, foreign currency transactions are translated applying the exchange rate at the transaction date. Receivables, payables and other monetary items denominated in foreign currencies that have not been settled at the balance sheet date are translated using the exchange rate at the balance sheet date. Exchange differences that arise between the rate at the transaction date and the rate in effect at the payment date, or the rate at the balance sheet date, are recognised in the income statement as financial income or financial expenses. When recognising foreign branches that are independent entities, the income statements are translated at average exchange rates for the months that do not significantly deviate from the rates at the transaction date. Balance sheet items are translated using the exchange rates at the balance sheet date. Exchange differences arising out of the translation of the foreign branches’ equity at the beginning of the year at the balance sheet date exchange rates as well as out of the translation of income statements from average rates to the exchange rates at the balance sheet date are classified directly as equity. Gross profit or lossGross profit or loss comprises revenue, costs of raw materials and consumables and other external expenses. With reference to section 32 of the Danish Financial Statements Act, revenue has not been disclosed in the financial statements. RevenueRevenue from the sale of goods for resale and finished goods is recognised in the income statement when delivery is made and risk has passed to the buyer. Revenue from the sale of services is recognised in the income statement when delivery is made to the buyer. Revenue is recognised net of VAT, duties and sales discounts and is measured at fair value of the consideration fixed. Costs of raw materials and consumablesCosts of raw materials and consumables comprise the consumption of raw materials and consumables for the financial year after adjustment for changes in inventories of these goods from the beginning to the end of the year. This item includes shrinkage, if any, and ordinary writedowns of the relevant inventories.Other external expensesOther external expenses comprise indirect production costs and expenses for premises, sales and distribu-tion as well as office expenses, etc. This item also includes writedowns of receivables recognised in current assets. Staff costsStaff costs comprise salaries and wages, and social security contributions, pension contributions, etc for entity staff.Depreciation, amortisation and impairment lossesDepreciation, amortisation and impairment losses relating to property, plant and equipment and intangible assets comprise depreciation, amortisation and impairment losses for the financial year, and gains and losses from the sale of intangible assets and property, plant and equipment.Income from investments in group enterprisesIncome from investments in group enterprises comprises dividend etc received from the individual group enterprises in the financial year.Other financial incomeOther financial income comprises interest income, including interest income on receivables from group en-terprises, net capital gains on securities, payables and transactions in foreign currencies, amortisation of financial assets as well as tax relief under the Danish Tax Prepayment Scheme etc. Other financial expensesOther financial expenses comprise interest expenses, including interest expenses on payables to group enterprises, net capital losses on securities, payables and transactions in foreign currencies, amortisation of financial liabilities as well as tax surcharge under the Danish Tax Prepayment Scheme etc. Tax on profit/loss for the yearTax for the year, which consists of current tax for the year and changes in deferred tax, is recognised in the income statement by the portion attributable to the profit for the year and recognised directly in equity by the portion attributable to entries directly in equity.Property, plant and equipmentLand and buildings as well as other fixtures and fittings, tools and equipment are measured at cost less accumulated depreciation and impairment losses. Land is not depreciated. Cost comprises the acquisition price, costs directly attributable to the acquisition and preparation costs of the asset until the time when it is ready to be put into operation. Interest expenses on loans for the financing of the manufacture of property, plant and equipment are included in cost if they relate to the manufacturing period. All other finance costs are recognised in the income statement. The basis of depreciation is cost less estimated residual value after the end of useful life. Straight-line depreciation is made on the basis of the following estimated useful lives of the assets: Buildings25 yearsOther fixtures and fittings, tools and equipment3-5 yearsFor leasehold improvements and assets subject to finance leases, the depreciation period cannot exceed the contract period. Estimated useful lives and residual values are reassessed annually. Items of property, plant and equipment are written down to the lower of recoverable amount and carrying amount.Investments in group enterprisesInvestments in group enterprises are recognised and measured at cost. Where exceeds the recoverable amount, write-down is made to this lower value. ReceivablesReceivables are measured at amortised cost, usually equalling nominal value, less writedowns for bad and doubtful debts.InventoriesInventories are measured at the lower of cost using the FIFO method and net realisable value. Cost consists of purchase price plus delivery costs. The net realisable value of inventories is calculated as the estimated selling price less completion costs and costs incurred to execute sale.Deferred taxDeferred tax is recognised on all temporary differences between the carrying amount and the tax-based value of assets and liabilities, for which the tax-based value is calculated based on the planned use of each asset. Deferred tax assets, including the tax base of tax loss carryforwards, are recognised in the balance sheet at their estimated realisable value, either as a set-off against deferred tax liabilities or as net tax assets.PrepaymentsPrepayments comprise incurred costs relating to subsequent financial years. Prepayments are measured at cost.CashCash comprises cash in hand and bank deposits.DividendDividend is recognised as a liability at the time of adoption at the general meeting. Proposed dividend for the financial year is disclosed as a separate item in equity. Extraordinary dividend adopted in the financial year is recognised directly in equity when distributed and disclosed as a separate item in Management's proposal for distribution of profit/loss.Other provisionsOther provisions comprise anticipated costs of non-recourse guarantee commitments, returns, loss on con-tract work in progress, decided and published restructuring, etc. Other provisions are recognised and measured as the best estimate of the expenses required to settle the liabilities at the balance sheet date. Provisions that are estimated to mature more than one year after the balance sheet date are measured at their discounted value. LeasesA lease asset (right-of-use asset) and a similar lease liability are recognised for all leases for which the Entity is a lessee. However, this policy does not apply to short-term leases (i.e. leases with a lease term ending within 12 months) and contracts to lease assets of low value. For such leases, lease payments are recognised as an expense on a straight-line basis over the lease term. Lease liabilities On initial recognition, lease liabilities are measured at the present value of the lease payments that are not paid at the commencement date, discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, the Entity’s incremental borrowing rate shall be used. Lease payments included in the measurement of the lease liability comprise the following payments: • Fixed payments less any lease incentives provided by the lessor to the lessee. • Variable lease payments that depend on an index or a rate, initially measured using the index or rate as at the commencement date. • Amounts expected to be payable under residual value guarantees. • The exercise price of a purchase option if it is reasonably certain to exercise that option. • Payments of penalties for terminating the lease if the lease term reflects the lessee exercising an option to terminate the lease. Variable lease payments that depend on an index or a rate are recognised in the income statement as other external expenses in the period in which the event or the circumstance triggering the payments in question takes place. On subsequent measurement, lease liabilities are adjusted for accrued interest and repayments made, calculated by the effective interest rate method. Lease liabilities are remeasured and the corresponding lease assets are similarly adjusted when: • There is a change in the lease term, e.g. as a result of a change in the assessment of whether an option to extend or to purchase will be exercised. Remeasurement takes place by discounting the revised lease payments using a discount rate revised at the time of changing the lease. • There is a change in lease payments resulting from a change in an index or a rate, or in the amounts expected to be payable under a residual value guarantee. Remeasurement takes place by discounting the revised lease payments using the original discount rate. However, a revised discount rate is used if the change reflects a change in the floating interest rate. • There is a lease modification that is not accounted for as a separate lease. Remeasurement takes place by discounting the revised lease payments using a revised discount rate. If the remeasurement results in the reduction of a lease liability exceeding the carrying amount of the corresponding lease asset, the excess amount is recognised in the income statement. Lease assets (right of use assets) On initial recognition, lease assets are measured at the amount of the initial measurement of the lease liabilities, any lease payments made before the commencement date less any lease incentives received, and any initial direct costs incurred by the lessee. Lease assets are depreciated over the lower of the lease term and the useful life of the underlying assets. If the lease transfers the ownership of the lease assets by the end of the lease term or if the exercise of a purchase option is expected, the lease assets are depreciated over their useful life. Depreciation begins at the commencement date. Lease assets are written down to the lower of recoverable amount and carrying amount . Lease assets are adjusted upon remeasurement of the lease liabilities; see above in the lease liability section. Lease assets are recognised as fixed assets within the asset item in which the underlying assets of the lease would be recognised if the Entity owned them. Other financial liabilitiesOther financial liabilities are measured at amortised cost, which usually corresponds to nominal value.Prepayments received from customersPrepayments received from customers comprise amounts received from customers prior to delivery of the goods agreed or completion of the service agreed.Tax receivable or payableCurrent tax receivable or payable is recognised in the balance sheet, stated as tax computed on this year's taxable income, adjusted for prepaid tax.Deferred incomeDeferred income comprises income received for recognition in subsequent financial years. Deferred income is measured at cost.Cash flow statementThe Company is included in the consolidated financial statements and thereby the cash flow statement of the Ultimate Parent, WashTec AG, Augsburg, Germany. 2022-04-21Thomas Munch Andersen