Westag & Getalit AG

euro adhoc: Westag & Getalit AG
Sales up 14.5% on previous year; Earnings before income tax up by 23.1%

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Despite the difficult economic situation seen in the building construction sector since mid-2007, sales continued to develop dynamically, growing by 14.5% to EUR 225.3 million in the fiscal year 2007 (previous year EUR 196.8 million).

Based on preliminary figures, earnings before income tax increased by 23.1% to EUR 16.6 million (previous year EUR 13.5 million). While the high cost of materials had an adverse impact on earnings, this was offset by a reduction in production labour as a percentage of sales and strong fixed cost degression resulting from the increased performance. Net profit for the year amounted to EUR 9.6 million.

We had a good start to the current fiscal year and are optimistic about the further course of 2008.

All above figures are provisional and are subject to the ongoing audit of the financial statements. The final figures and the dividend proposal of the Management Board and the Supervisory Board for the Annual General Meeting will probably be communicated in an ad-hoc press release on March 6, 2008.

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ots Originaltext: Westag & Getalit AG
Im Internet recherchierbar: http://www.presseportal.ch

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

Branche: Building materials
ISIN:      DE0007775207
WKN:        777520
Index:    Prime All Share
Börsen:  Börse Frankfurt / regulated dealing/prime standard
              Börse Berlin / free trade
              Börse Stuttgart / free trade
              Börse Düsseldorf / regulated dealing

Weitere Meldungen: Westag & Getalit AG

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