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

DGAP-Adhoc: Westag & Getalit AG: Positive sales trend continues and earnings pick up sharply in first nine months of 2016

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

27.10.2016 12:48

Disclosure of an inside information according to Article 17 MAR, 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 4.8% to EUR 179.6 million in the first nine months of 2016 (previous year: EUR 171.4 million). As already announced at the six-month stage, the company's export revenues again picked up disproportionately, climbing 8% from the previous year's EUR 35.4 million to EUR 38.3 million in the first nine months of 2016. Consequently, the export share rose from 20.8% to 21.5%.

Thanks to the positive sales trend resulting from the intensified distribution activities and the ongoing adjustment of the operational cost structures, the company's result improved notably in the reporting period. Earnings before taxes increased to EUR 8.6 million in the first nine months, up 11.5% on the EUR 7.7 million reported as of 30 September 2015. This trend also led to higher net profit for the period, which climbed from EUR 5.4 million to EUR 6.0 million. Net profit per share amounted to EUR 1.08 for the ordinary shares (previous year: EUR 0.97) and to EUR 1.14 for the preference shares (previous year: EUR 1.03).

Outlook As already announced at the six-month stage, the market environment showed a good trend also in the third quarter of 2016. Forecasts suggest that the company's market environment will generally remain positive for the rest of the year. The intensified distribution efforts and the continued good demand situation in the company's relevant export markets will form the basis for the successful performance of Westag & Getalit AG.

In view of these general conditions, the Management Board projects a continued positive revenue and earnings trend for the remaining months of the fiscal year. Consequently, management expects sales revenues to increase at the same rate as in the year to date and earnings to pick up sharply in the full year 2016.

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: ir@westag-getalit.de

27.10.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at 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, Tradegate Exchange End of Announcement DGAP News-Service ---------------------------------------------------------------------------