Westag & Getalit AG / Key word(s): Final Results/Dividend 29.03.2016 17:27 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. --------------------------------------------------------------------------- Westag & Getalit AG was able to increase its sales revenues by 1.0% to EUR 225.4 million in the past fiscal year (previous year: EUR 223.1 million). While domestic sales revenues remained almost unchanged from the previous year, export sales increased sharply in spite of the difficult situation in some of the company's target markets. They picked up by 5.2% to EUR 47.1 million in the past fiscal year (previous year: EUR 44.7 million). Consequently, the export share climbed from 20.1% to 20.9% in 2015. At EUR 8.2 million, earnings before taxes were down by 7.4% on the previous year's EUR 8.9 million. The decline in earnings is essentially attributable to higher-than-expected write-downs of inventories and increased distribution activities in foreign markets. Net profit moved in sync with earnings before taxes and reached EUR 5.9 million (previous year: EUR 6.4 million). Accordingly, earnings per share amounted to EUR 1.13 (previous year: EUR 1.21) per preference share and to EUR 1.07 (previous year: EUR 1.15) for the ordinary shares in 2015. The financial statements for the fiscal year 2015 were approved and the preliminary figures already published confirmed at today's meeting of the Supervisory Board. In view of the fact that earnings are lower than in the previous year, the Management Board and the Supervisory Board of Westag & Getalit AG will propose a dividend of EUR 0.80 per preference share and of EUR 0.74 per ordinary share to the Annual General Meeting on August 23, 2016. Although the dividend is lower than last year, the shares of Westag & Getalit AG will thus still offer an attractive yield of approx. 4%. Forecast The uncertainty still prevailing in the international markets makes it difficult to predict the outlook. The general uncertainty may quickly make itself felt in the company's relevant output markets. At this stage, however, management relies on the positive expectations regarding the economic trend in the construction sector and in the construction of houses and buildings, in particular. The Management Board also projects a generally positive trend for the relevant export markets. This expectation is supported by the intensified distribution activities abroad and the product portfolios customised to the individual markets. In view of the current environment, however, a forecast for the important Russian market is very difficult to make. Because of the stimulation expected to be provided by construction activity as well as various distribution-related measures initiated in the Surfaces/Elements Division, Westag & Getalit AG expects sales revenues to pick up in the future. Based on the assumption that the economic environment will remain unchanged and that the cost of materials and personnel expenses as a percentage of total output will remain constant, the Management Board aims to achieve a turnaround in earnings, too. Against this background, the company projects slightly higher sales revenues and earnings for 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: [email protected] 29.03.2016 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 ---------------------------------------------------------------------------