28.04.2014
Westag & Getalit AG DE0007775207
DGAP-Adhoc: Westag & Getalit AG: Moderate sales and earnings growth in Q1 2014
Westag & Getalit AG / Key word(s): Quarter Results
28.04.2014 14:38
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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Good domestic economic activity had a positive impact on the construction
sector in the first three months of the year. This benefited Westag &
Getalit AG in the first quarter of 2014, when the company increased its
sales revenues by a moderate 3.4% to EUR 57.0 million compared to the prior
year period (previous year: EUR 55.1 million).
The situation in the relevant export markets remained difficult in the
reporting period, which is reflected in a 5.9% decline in export sales to
EUR 10.6 million (previous year: EUR 11.3 million). As a result, the export
share dropped to 18.6% in the first quarter (previous year: 20.4%).
As a result of the increase in sales revenues in the first three months,
earnings before income tax improved accordingly. At EUR 2.2 million,
earnings before tax were up by 2.6% on the previous year's EUR 2.1 million.
Quarterly earnings per share amounted to EUR 0.25 (ordinary share) and EUR
0.31 (preference share), respectively.
We maintain our positive general outlook for the current year, although the
export situation remains difficult to assess. It cannot be ruled out, for
instance, that the crisis in Ukraine deteriorates as the year progresses,
which might have an impact on our business in Russia.
In view of the positive economic trend in Germany in the first few months
of the year, however, we maintain our target to grow our sales and earnings
in accordance with the general environment in 2014.
The above Ad-hoc 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]
28.04.2014 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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