News Column

DGAP-Adhoc: Westag & Getalit AG: Moderate sales and earnings growth in Q1 2014

April 28, 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. --------------------------------------------------------------------------- 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 Contact: Thomas Sudhoff PR and Financial Communication Tel.: +49 5242 / 17-5176 E-Mail: ir@westag-getalit.de28.04.2014 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at and --------------------------------------------------------------------------- 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: Internet: 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 ---------------------------------------------------------------------------

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: DGAP Ad Hoc Disclosures

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters