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Westag & Getalit AG

EANS-Adhoc: Westag & Getalit AG
Cost-cuttings make themselves felt in Q3 2009

  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.
quarterly report
29.10.2009
As a result of the slump in European construction activity and the 
marked 16.5% decline in incoming orders in the German building 
construction sector (source: Federal Statistical Office, January to 
August 2009), Westag & Getalit AG reported a decline in sales. At EUR
150.1 million, sales in the first nine months of 2009 were down by 
14.0% on the previous year´s EUR 174.6 million. Exports suffered 
especially from the difficult market environment. Export sales 
dropped by 33.5% to EUR 29.2 million (2008: EUR 44.0 million). The 
export share for the first nine months of the current fiscal year 
stood at 19.5%.
Earnings before income tax amounted to EUR 8.8 million (2008: EUR 
11.8 million) in the first nine months of 2009. The decline is mainly
attributable to the much lower sales revenues. Many of the 
cost-cutting measures implemented by the company made themselves felt
especially in the last quarter, partly offsetting the negative 
effects of the drop in sales. Earnings per share amounted to EUR 1.08
EUR (2008: EUR 1.44).
In spite of initial positive signals, we expect economic activity to 
remain weak both in Germany and abroad. Thanks to a large number of 
measures taken, whose positive effect will also be felt in the fourth
quarter, we are confident, however, that we will close the crisis 
year 2009 with a good result. Once the markets recover, we will be 
able to return to growth thanks to our broad product range, our 
state-of-the-art production facilities and our motivated workforce.

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: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Stuttgart / free trade
Düsseldorf / regulated dealing

Plus de actualités: Westag & Getalit AG
Plus de actualités: Westag & Getalit AG