18.02.2014
Westag & Getalit AG DE0007775207
DGAP-Adhoc: Westag & Getalit AG: 2013 sales performance slightly slowed down by exports; earnings impacted by structural measures and long 2013 winter
Westag & Getalit AG / Key word(s): Preliminary Results
18.02.2014 18:04
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.
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Westag & Getalit AG reports sales of EUR 224.2 million for the past
financial year, a figure slightly below the strong sales of EUR 227.4 in
the prior year. This decline mainly reflects lower export sales which were
down to EUR 46.2 million (previous year: EUR 48.9 million) as a consequence
of weak consumer spending in our target markets. At the same time, the
weaker domestic performance during the first half of the year was not fully
compensated during the further course of the year.
Earnings before taxes for the past financial year came to EUR 9.1 million
(previous year: EUR 10.8 million). This means that earnings were down on
the previous year due to, amongst other factors, the above-mentioned
decline in sales as well as strong competitive pressure which led to lower
margins.
The long winter and the resulting low capacity utilisation in the industry
as well as the ensuing competitive pressure have had a negative impact on
prices. While the restructuring of the Plywood/Formwork Division was
largely completed, it weighed on 2013 earnings.
Developing in line with pre-tax profit, net profit for the year came in at
EUR 6.4 million (previous year: EUR 7.5 million).
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 in an ad-hoc press release on
March 20, 2014 following the adoption of the financial statements by the
Supervisory Board.
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: [email protected]
18.02.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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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
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