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

DGAP-Adhoc: Westag & Getalit AG: Sales revenues and earnings pick up in Q1 2016

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

25.04.2016 12:09

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 increased its sales revenues by an impressive 7.3% to EUR 59.9 million in the first quarter of 2016 (previous year: EUR 55.8 million). The company primarily benefited from the good business climate in the housing construction sector at the beginning of the year. The company's export business also showed a positive trend. Export sales increased by 11.7% to EUR 12.5 million in the reporting period (previous year: EUR 11.2 million). As a result, the export share climbed to 20.8% (previous year: 20.0%).

Westag & Getalit AG's earnings also showed a positive trend in the reporting period. Earnings before taxes (EBT) climbed from EUR 2.5 million in 2015 to EUR 2.6 million as of March 31, 2016. Moving in sync with EBT, net profit for the period increased by 5.1% from EUR 1.7 million to EUR 1.8 million. Net profit per share amounted to EUR 0.31 for the ordinary shares (previous year: EUR 0.29) and to EUR 0.37 for the preference shares (previous year: EUR 0.35).

In spite of the positive developments at the beginning of the year, the outlook for the coming months remains difficult. The Management Board assumes that the company will continue to benefit from the positive trend in the German construction sector. Based on current estimates, the relevant export markets will generally also show a positive trend. This expectation is supported by the intensified distribution activities abroad and the product portfolios customised to the individual markets.

Against this background, the Management Board projects a moderate increase in sales revenues and earnings for 2016 based on the assumption that the economic environment will remain unchanged.

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

25.04.2016 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 ---------------------------------------------------------------------------