Westag AG — Earnings Release 2013

Apr 29, 2013

News Details

Ad-hoc | 29 April 2013 11:00

Westag & Getalit AG: Sales and earnings decline moderately in Q1 2013 for weather reasons

Westag & Getalit AG / Key word(s): Quarter Results

29.04.2013 11:00

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Rheda-Wiedenbrück, April 29, 2013

Westag & Getalit AG: Sales and earnings decline moderately in Q1 2013 for
weather reasons

Due to the long winter and the resulting weak construction activity, Westag
& Getalit AG reported a 4.1% decline in sales revenues to EUR 55.1 million
in the first quarter of 2013 (Q1 2012: EUR 57.4 million).

The reporting period was also impacted by the difficult situation in the
relevant export markets, which sent export sales falling by 9.1% to EUR
11.3 million (2012: EUR 12.4 million). As a result, the export share
declined to 20.4% in the first quarter (2012: 21.6%).

Earnings before taxes declined in sync with sales revenues and were down by
10.0% on the previous year's EUR 2.3 million to EUR 2.1 million. Net profit
for the period per share amounted to EUR 0.24 per ordinary share and to EUR
0.30 per preference share.

In spite of the weather-related moderate start to the year and the tight
situation in our relevant export markets, we are optimistic about Westag &
Getalit AG's outlook for the rest of 2013.
In the coming quarters, we will aim to make up for the drop in
first-quarter sales and earnings. This aim is based on the assumption of
continued strong construction activity, from which we have already
benefited in the past thanks to our diverse product range.

The above press release and further information on Westag & Getalit are
available on the Internet at www.westag-getalit.de.

29.04.2013 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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Language: English
Company: Westag & Getalit AG
Hellweg 15
33378 Rheda-Wiedenbrück
Germany
Phone: +49 (0)5242 17 - 0
Fax: +49 (0)5242 17 - 5603
E-mail: zentral@westag-getalit.de
Internet: www.westag-getalit.de
ISIN: DE0007775207, DE0007775231
WKN: 777520, 777523
Listed: Regulierter Markt in Düsseldorf, Frankfurt (Prime Standard);
Freiverkehr in Berlin, Hamburg, Stuttgart

End of Announcement DGAP News-Service

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