DGAP-Adhoc

Westag & Getalit AG: Earnings increase in spite of slightly lower sales in Q1 2015

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

28.04.2015 12:02

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.

---------------------------------------------------------------------------

Rheda-Wiedenbrück, April 28, 2015

Westag & Getalit AG reported a moderate reduction in sales revenues in the
first quarter of 2015. During the first three months of the year, revenues
declined by 2.0% to EUR 55.8 million (previous year: EUR 57.0 million).
Export sales showed a positive trend in spite of the continued difficult
economic environment in the company's individual markets. Exports picked up
by 5.5% to EUR 11.2 million in the reporting period (previous year: EUR
10.6 million). Consequently, the export share climbed to 20.0% (previous
year: 18.6%).

Despite the moderate decline in sales revenues, earnings before taxes
increased thanks to the improved cost structure. At EUR 2.5 million,
earnings were up by 13.6% on the previous year's EUR 2.2 million.
Accordingly, net profit for the period also showed a positive trend and
climbed from EUR 1.5 million in the previous year to EUR 1.7 million. Net
profit for the period per share amounted to EUR 0.29 for the ordinary
shares and to EUR 0.35 for the preference shares.

After the first few months of 2015, the macroeconomic background suggests
that the market environment will remain differentiated. The good situation
in the housing construction sector and the slowly recovering public and
commercial construction sector give cause for optimism. In spite of the
good export trend in the past months, the projections for the export
business remain subdued for the time being.

The investment projects realised in the past have laid the basis for new
areas of growth in Germany and abroad, which will lead to growing revenues
in the context of a marketing offensive.

The earnings forecast for 2015 is subject not only to sales revenues but
also to raw materials prices, which are influenced, among other things, by
oil-based chemicals. Assuming a stable economic trend in the further course
of the year, in conjunction with the planned distribution offensive and
strict cost management, the company's management believes, however, that
the conditions are in place for future earnings growth. Against this
background, the Management Board continues to project a moderate increase
in sales revenues and earnings for 2015.

The above 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: [e-mail]


28.04.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------------

Language: English
Company: Westag & Getalit AG
Hellweg 15
33378 Rheda-Wiedenbrück
Germany
Phone: [phone] - 0
Fax: [phone] - 5603
E-mail: [e-mail]
Internet: www.westag-getalit.de
ISIN: DE0007775207, DE0007775231
WKN: 777520, 777523
Listed: Regulated Market in Dusseldorf, Frankfurt (Prime Standard);
Regulated Unofficial Market in Berlin, Hamburg, Stuttgart

End of Announcement DGAP News-Service

---------------------------------------------------------------------------