Westag AG — Earnings Release 2014

Oct 28, 2014

News Details

Ad-hoc | 28 October 2014 14:02

Westag & Getalit AG: Gratifying increase in sales and earnings in the first nine months of 2014

Westag & Getalit AG / Key word(s): 9-month figures

28.10.2014 14:02

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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In the first nine months of the year, Westag & Getalit AG increased its
sales revenues by 1.2% on the prior year period (EUR 168.6 million) to EUR
170.6 million. The company thus benefited from the stable situation to date
in the German construction sector.

By contrast, business in the company's European export markets was
moderate. Export revenues declined by 1.7% to EUR 34.2 million (previous
year: EUR 34.8 million). Due to the drop in sales revenues in conjunction
with higher domestic revenues, the export share declined to 20.0% (previous
year: 20.6%).

The Doors/Frames Division boosted its sales revenues by 5.9% to EUR 90.0
million. This increase on the prior year period is attributable to stable
housing construction activity.

By contrast, the Surfaces/Elements division reported a 4.3% drop in sales
revenues to EUR 75.3 million during the same period. The reduction in
revenues is primarily attributable to lower export demand, which, in turn,
is due to the current international crises.

At EUR 7.6 million, earnings before taxes for the first nine months were up
on the previous year's EUR 6.7 million. This 13.3% improvement in the
company's result is attributable to the moderate increase in sales revenues
and the improved total output in conjunction with an optimised cost
structure. Net profit after taxes increased in sync with the result and
reached EUR 5.4 million (previous year: EUR 4.7 million).

Net profit for the period per share amounted to EUR 0.96 for the ordinary
shares (previous year: EUR 0.84) and to EUR 1.02 for the preference shares
(EUR 0.90).

Outlook
Developments in the European export markets that are relevant for the
company remain difficult to predict and currently tend to be marked by
risks. The outlook for the German economy is positive. Domestic economic
activity in the year to date has been good and suggests that sales revenues
for the full year 2014 will be higher than in the previous year. By the end
of the year, however, the increasing predictions of a slowing German
economy will probably also influence our business activities.

As we will realise potential savings and seize growth opportunities in our
target markets, we stick to our aim of growing both our sales revenues and
earnings in the current year in line with the macroeconomic environment.

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

Contact:
Thomas Sudhoff
PR and Financial Communication
Tel.: +49 5242 / 17-5176
E-Mail: ir@westag-getalit.de

28.10.2014 The DGAP 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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