Westag & Getalit AG / Key word(s): Quarter Results 28.04.2015 12:02 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. --------------------------------------------------------------------------- Rheda-Wiedenbrück, April 28, 2015 Westag & Getalit AG reported a moderate reduction in sales revenues in the first quarter of 2015. During the first three months of the year, revenues declined by 2.0% to EUR 55.8 million (previous year: EUR 57.0 million). Export sales showed a positive trend in spite of the continued difficult economic environment in the company's individual markets. Exports picked up by 5.5% to EUR 11.2 million in the reporting period (previous year: EUR 10.6 million). Consequently, the export share climbed to 20.0% (previous year: 18.6%). Despite the moderate decline in sales revenues, earnings before taxes increased thanks to the improved cost structure. At EUR 2.5 million, earnings were up by 13.6% on the previous year's EUR 2.2 million. Accordingly, net profit for the period also showed a positive trend and climbed from EUR 1.5 million in the previous year to EUR 1.7 million. Net profit for the period per share amounted to EUR 0.29 for the ordinary shares and to EUR 0.35 for the preference shares. After the first few months of 2015, the macroeconomic background suggests that the market environment will remain differentiated. The good situation in the housing construction sector and the slowly recovering public and commercial construction sector give cause for optimism. In spite of the good export trend in the past months, the projections for the export business remain subdued for the time being. The investment projects realised in the past have laid the basis for new areas of growth in Germany and abroad, which will lead to growing revenues in the context of a marketing offensive. The earnings forecast for 2015 is subject not only to sales revenues but also to raw materials prices, which are influenced, among other things, by oil-based chemicals. Assuming a stable economic trend in the further course of the year, in conjunction with the planned distribution offensive and strict cost management, the company's management believes, however, that the conditions are in place for future earnings growth. Against this background, the Management Board continues to project a moderate increase in sales revenues and earnings for 2015. 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] 28.04.2015 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: [email protected] 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 ---------------------------------------------------------------------------