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30.04.2018 17:52:16

DGAP-Adhoc: Westag & Getalit AG: Sales revenues and earnings pick up slightly in Q1 2018

DGAP-Ad-hoc: Westag & Getalit AG / Key word(s): Quarter Results
Westag & Getalit AG: Sales revenues and earnings pick up slightly in Q1 2018

30-Apr-2018 / 17:52 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Rheda-Wiedenbrück, April 30, 2018
Westag & Getalit AG generated consolidated sales revenues of EUR 60.9 million in the first quarter of 2018. This represented a moderate improvement by 2.0% compared to the previous year's EUR 59.7 million. The company's export business showed a particularly positive trend in the first three months of 2018. Sales revenues outside Germany increased by 9.1% to EUR 14.4 million (previous year: EUR 13.2 million). Consequently, the export share climbed from 22.1% to 23.7%.

At EUR 32.1 million, sales revenues in the Doors/Frames Division remained almost unchanged compared to the prior year period (EUR 32.3 million). The Surfaces/Elements Division increased its revenues from EUR 25.7 million to EUR 27.2 million. Sales revenues in the Central Division stood at EUR 1.6 million (previous year: EUR 1.7 million).

Consolidated earnings before taxes amounted to EUR 2.4 million in the first quarter of 2018 (previous year: EUR 2.3 million). Earnings after taxes rose to EUR 1.7 million in the first three months (previous year: EUR 1.5 million). Earnings per share stood at EUR 0.29 for the ordinary shares (previous year: EUR 0.26) and at EUR 0.35 for the preference shares (previous year: EUR 0.32).

Based on the forecasts for the German construction sector, the Management Board generally expects a positive market environment for 2018. This optimistic assumption is also based on the ongoing expansion of the distribution activities in the Surfaces/Elements Division. As the export markets remain difficult to assess, it is not easy to issue a precise forecast for the company's performance abroad. On balance, however, the fact that the product portfolios are precisely tailored to the individual markets makes the Management Board optimistic that the company will be able to further expand its export activities assuming a benign economic environment.

In view of the strategic measures already initiated and positive industry forecasts, management is optimistic about the future. The Management Board thus confirms its forecast for 2018 under the conditions set out in the Annual Report for 2017 and aims for a moderate increase in sales revenues and disproportionately higher improvement in earnings compared to the previous year.

The above release and further information on Westag & Getalit are available on the Internet at www.westag-getalit.com.

Additional information:
Westag & Getalit AG | Thomas Sudhoff
PR und Finanzkommunikation
Hellweg 15 | D-33378 Rheda-Wiedenbrück
Tel. +49 5242 17-1712 | Fax +49 (0) 52 42 / 17-71712
ir@westag-getalit.com | www.westag-getalit.com

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30-Apr-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


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: zentral@westag-getalit.de
Internet: www.westag-getalit.de
ISIN: DE0007775207, DE0007775231
WKN: 777520, 777523
Listed: Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Stuttgart, Tradegate Exchange

 
End of Announcement DGAP News Service

681043  30-Apr-2018 CET/CEST

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