Westag & Getalit AG

EANS-Adhoc: Westag & Getalit AG
Sales revenues grow in H1 2012; earnings before income taxes below prior year level


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  ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
  adhoc with the aim of a Europe-wide distribution. The issuer is solely
  responsible for the content of this announcement.
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27.07.2012

Based on a continued positive environment for the German construction industry,
Westag & Getalit AG increased its first-half sales revenues by another 1.7% to
EUR 113.5 million (previous year: EUR 111.6 million). The situation in our
foreign markets was more difficult, as the economic crisis intensified in large
parts of Europe. Against this background, it is positive to see that our export
sales remained almost unchanged, declining by only a moderate 1.6% to EUR 25.0
million (previous year: EUR 25.4 million). As a result of the disparate trends
in Germany and abroad, the export share dropped to 22.0% (previous year: 22.7%).

At the half year state earnings before income taxes stood at EUR 4,488 thousand,
down 12.0% on the previous year's EUR 5,102 thousand. While sales revenues
increased moderately and commodity prices stabilised, we had to cope with
non-recurrent charges resulting from major problems with the materials supplied.
Net profit per share amounted to EUR 0.55 for the ordinary shares (previous
year: EUR 0.63) and to EUR 0.61 for the preferred shares (previous year: EUR
0.69). 

Economic activity in the German construction industry is not showing any signs
of a slowdown. The situation is more complicated outside Germany, where the
economic problems are huge and no improvement is on the cards for the future.
Especially in the construction sector, the crisis has also reached France and
the Netherlands in the meantime. In view of the high percentage of domestic
sales, we expect total sales revenues to grow nevertheless. Our bottom line is
influenced not only by sales revenues but also by commodity prices, which have
lately eased somewhat, albeit at a high level. Should this trend continue and
the conditions in output markets remain favourable, net profit for the year


Further inquiry note:
Felix Huisgen
Tel.: +49 (0)5242 17 5350
E-Mail: huisgen@westag-getalit.de

end of announcement                               euro adhoc 
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issuer:      Westag & Getalit AG
             Hellweg  15
             D-33378 Rheda-Wiedenbrück
phone:       +49 (0)5242 17 0
FAX:         +49 (0)5242 17 75000
mail:     ir@westag-getalit.de
WWW:      http://www.westag-getalit.de
sector:      Building materials
ISIN:        DE0007775207, DE0007775231
indexes:     Prime All Share
stockmarkets: free trade: Berlin, Stuttgart, regulated dealing: Düsseldorf,
             regulated dealing/prime standard: Frankfurt 
language:   English
 

 

 



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