Westag & Getalit AG / Key word(s): Half Year Results 24.07.2014 12:47 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, July 24, 2014 Benefiting from the generally good economic situation in Germany, Westag & Getalit AG increased its sales revenues by a moderate 2.1% to EUR 112.4 million (previous year: EUR 110.1 million) in the first six months of the year. The situation in the company's foreign markets remained difficult. Export sales declined by 2.2% to EUR 23.0 million in the first half of the year (previous year: EUR 23.5 million). Due to the reduction in sales revenues in some export markets and the increase in domestic sales revenues, the export share declined to 20.4% (previous year: 21.3%). The Doors/Frames Division's first-half sales revenues were up by 6.3% on the previous year to EUR 58.6 million thanks to growth in both Germany and export markets. The situation was different in the Laminates/Elements Division and the Plywood/Formwork Division, which were merged into the Surfaces/Elements Division with effect from January 1, 2014. The new division reported a 2.9% decline in revenues to EUR 50.3 million, which is primarily attributable to a lack of orders in relevant export markets. Both the moderate increase in sales revenues and the exploitation of savings potential in conjunction with continuous efficiency increases led to an improved result in the first six months of 2014. Earnings before income taxes were up by 18.8% on the first half of the previous year to EUR 4.8 million. Net profit after taxes also showed a positive trend and climbed to EUR 3.4 million (previous year: EUR 2.8 million). Net profit for the first six months per share amounted to EUR 0.59 for the ordinary shares (previous year: EUR 0.49) and to EUR 0.65 for the preference shares (previous year: EUR 0.55). In spite of the very different developments in our relevant export markets, we stick to our positive overall assessment for the year 2014. The generally good domestic economy suggests that sales revenues will show a positive trend. The merger of the two divisions has already had the first positive effects on our bottom line. Moreover, we continue to realise potential savings and to increase the efficiency of production, e.g. through investments. We therefore stick to our aim of growing both our sales revenues and earnings in the current year in line with the macroeconomic environment. 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] 24.07.2014 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- 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 ---------------------------------------------------------------------------