Westag & Getalit AG / Key word(s): Half Year Results 22.07.2013 19:26 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 22, 2013 Westag & Getalit AG: Sales and earnings decline moderately in H1 2013 but expectations for H2 2013 remain positive Due to weaker construction activity, which was not least attributable to the long winter, Westag & Getalit AG reported a moderate 3.0% decline in sales revenues to EUR 110.1 million in the first half of 2013 (previous year: EUR 113.5 million). The situation in our relevant export markets remained difficult, with first-half sales down by 5.9% to EUR 23.5 million (previous year: EUR 25.0 million). Due to the stronger drop in export revenues, the export share declined to 21.3% (previous year: 22.0%). The long winter was a factor in the notable drop in demand reported by the Plywood/Formwork Division, which was primarily reflected in export sales. The Division's sales revenues fell by 16.2% to EUR 14.0 million. By contrast, sales revenues in the Doors/Frames Division were only a marginal 0.8% below the good level of H1 2012 and stood at EUR 55.1 million at the half-year stage. Sales revenues in the Laminates/Elements Division also remained unchanged from the previous year. At EUR 37.8 million, they were up by a moderate 0.2% on the previous year. The effect from the drop in sales was only partly offset by positive effects on the materials side. At EUR 4.0 million, earnings before income taxes were therefore down by 10% on the previous year. As announced in our 2012 Annual Report, the restructuring measures implemented in the Plywood/Formwork Division still had an impact on the bottom line in the first half of 2013. By contrast, the purchasing price situation for some important raw materials eased. Net profit per share for the first half of the year stood at EUR 0.49 for the ordinary shares (previous year: EUR 0.55) and at EUR 0.55 for the preference shares (previous year: EUR 0.61). Outlook The outlook remains subject to great uncertainty. This uncertainty can primarily be felt in our neighbouring countries in Europe, where the austerity measures have already taken effect and no significant recovery is in sight in the near future. What makes us optimistic is the economic trend in Germany, where we hope to be able to continue benefiting from strong housing construction activity. We therefore believe that, in spite of the moderate start to the year, sales revenues for the full year 2013 may more or less reach the prior year level. On the earnings side, we project a satisfactory result for the fiscal year 2013, although the difficult raw materials supply situation in the Plywood/Formwork Division and the resulting restructuring measures will continue to affect the bottom line in the remaining course of the year. 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] 22.07.2013 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 ---------------------------------------------------------------------------