DGAP-Ad hoc: Westag & Getalit AG (St.)

DGAP-Adhoc: Westag & Getalit AG: Moderate increase in sales revenues as exports rise sharply in 2015; earnings nevertheless below the prior year level

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

12.02.2016 12:15

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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Westag & Getalit AG generated sales revenues of EUR 225.4 million (previous year: EUR 223.1 million) in the financial year 2015. Following the rather slow start to the year, sales revenues thus grew by a moderate 1.0% year-on-year. While domestic revenues remained almost constant compared to the previous year, exports sales advanced notably in spite of the partly very difficult situation in the company's target markets. They rose by 5.4% to EUR 47.1 million (previous year: EUR 44.7 million).

Earnings before taxes amounted to EUR 8.2 million in the past financial year (previous year: EUR 8.9 million). The decline against the previous year is attributable to write-downs of inventories and intensified distribution activities in foreign markets. The effects of the write-downs exceeded the original expectations. By stepping up its distribution activities, the company is making investments to ensure that the positive sales trend outside Germany continues in the future.

Net profit moved in sync with earnings before taxes and reached EUR 5.9 million (previous year: EUR 6.4 million). Against this background, the Management Board considers proposing a reduced dividend for 2015.

The company's headcount increased by three to 1,304 people compared to the prior year reporting date.

All above figures are provisional and are subject to the ongoing audit of the financial statements. The final figures as well as a profit appropriation proposal will be communicated following the adoption of the financial statements.

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

12.02.2016 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: +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: Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------