Westag & Getalit AG / Key word(s): Quarter Results 25.10.2013 10:55 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Rheda-Wiedenbrück, October 25, 2013 Westag & Getalit AG: Positive sales performance in Q3 2013 Following on from the subdued start to the year, the third quarter of 2013 saw Westag & Getalit AG benefit from the sound economic environment in Germany. Sales for the quarter were up slightly on the prior year and compensated at least partly for the somewhat weaker sales in the first months of the year. This means that at the nine-month stage, sales revenues stand at EUR 168.6 million, which is a little lower than in the prior-year period (EUR 170.9 million). Against the background of the uncertain economic outlook for our European target markets, the export situation remains challenging. Export sales continued to decline by a significant 6.2% to EUR 34.8 million (previous year: EUR 37.1 million) during the reporting period which saw the export share diminishing from 21.7% to 20.6%. In contrast, domestic sales showed a stable trend during the same period. The sales revenues of our Plywood/Formwork Division for the first nine months of the year came in at EUR 22.1 million, down by a significant 13.2% on the prior year. Apart from the weather impact on business during the early months of the year, the weakness in export sales played a particular role here. In contrast, the Doors/Frames Division reported a slight 0.9% year-on-year rise in sales to EUR 85.0 million, as business continued to benefit from strong house building activity as well as its attractive portfolio of products. Another increase in nine-month sales was contributed by the Laminates/Elements Division where sales were up slightly by 0.8% to EUR 56.5 million compared to the previous year. At EUR 6.7 million, earnings before taxes for the first three quarters continue to fall short of the prior-year performance (EUR 7.3 million). The restructuring charges in the Plywood/Formwork Division were compensated for by a lower cost of materials ratio. Net profit after taxes for the first nine months consequently declined to EUR 4.7 million (previous year: EUR 5.1 million). Net profit per share for the first nine months stood at EUR 0.84 for the ordinary shares (previous year: EUR 0.92) and at EUR 0.90 for the preference shares (previous year: EUR 0.98). As reported for the preceding quarters, the outlook continues to be characterised by the persisting uncertainties in the economic environment. These mainly affect the situation in our neighbouring European countries where consumer spending remains subdued. Based on the expectation of a stable domestic economy particularly in respect of residential construction, we envisage reporting 2013 sales at approximately the prior year's level. On the earnings side, the remaining months of 2013 will continue to reflect the impact of the restructuring measures in the Plywood/Formwork Division. While the operating performance has stabilised further in recent months, certain elements of the reorientation continue to affect the sales and earnings performance. Add to this the expectation of a renewed rise in commodities prices during the fourth quarter, which will be one of the factors influencing our 2013 earnings. We nevertheless continue to work towards a positive pre-tax profit margin of between 4 and 5% for the full year 2013. 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: [email protected] 25.10.2013 DGAP's 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: [email protected] 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 ---------------------------------------------------------------------------