DGAP-Ad hoc: Westag & Getalit AG (St.)
DGAP-Ad-hoc: Westag & Getalit AG / Key word(s): 9-month figures
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Westag & Getalit AG generated consolidated sales revenues of EUR 177.5 million in the first nine months of 2017. Revenues were thus down by a moderate 1.2% on the previous year (EUR 179.6 million) primarily due to the decline in domestic business. Exports again showed a positive trend during this period with revenues in the Group's foreign markets rising by 6.5% to EUR 40.8 million (previous year: EUR 38.3 million). Consequently, the export share increased from 21.3% to 23.0%.
The Management Board expects sales revenues for the full year to more or less reach the prior year level. Taking into account the factors weighing on profitability as discussed above, consolidated earnings for the full year are expected to come in below the previous year's level.
Given that a Russian distribution company was established at the end of 2016, Westag & Getalit AG publishes its figures on a consolidated basis. The prior year figures have been adjusted accordingly.
The above press release and further information on Westag & Getalit are available on the Internet at www.westag-getalit.com.
PR and Financial Communication
Tel.: +49 5242 / 17-5176
25-Oct-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Company:||Westag & Getalit AG|
|Phone:||+49 (0)5242 17 - 0|
|Fax:||+49 (0)5242 17 - 5603|
|Listed:||Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Stuttgart, Tradegate Exchange|
|End of Announcement||DGAP News Service|
622445 25-Oct-2017 CET/CEST