DGAP-Ad hoc: Westag & Getalit AG (St.)

DGAP-Adhoc: Westag & Getalit AG: Sales revenues and earnings pick up in H1 2016

Westag & Getalit AG / Key word(s): Half Year Results

26.07.2016 12:36

Disclosure of an inside information according to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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Thanks to the good economic trend in the relevant output markets, Westag & Getalit AG increased its sales revenues by 5.7% to EUR 118.8 million in the first half of 2016 (previous year: EUR 112.4 million). With effect from June 30, 2016, sales revenues and other operating income were for the first time recognised in accordance with the provisions of the Bilanzrichtlinie- Umsetzungsgesetz (BilRUG - German Accounting Directive Implementation Act). The prior year figures have been adjusted accordingly. The company's export sales rose by a disproportionate 8.6% to EUR 25.3 million (previous year: EUR 23.3 million); as a consequence, the export share climbed from 20.7% to 21.3%.

The Doors/Frames Division boosted its sales revenues by 9.9% to EUR 64.4 million in the first half of 2016, compared to EUR 58.6 million in the previous year. At EUR 50.5 million, first-half sales revenues in the Surfaces/Elements Division were up by 0.6% on the previous year's EUR 50.2 million.

As a result of the positive revenue trend, the company's earnings also improved compared to the previous year. Earnings before income tax increased by 7.3% from EUR 5.1 million as at June 30, 2015 to EUR 5.4 million. Consequently, net income for the period rose from EUR 3.6 million to EUR 3.8 million. Net income per share amounted to EUR 0.68 for the ordinary shares (previous year: EUR 0.63) and to EUR 0.74 for the preference shares (previous year: EUR 0.69).

Outlook After the gratifying trend in the first six months of 2016, the outlook for the coming months is generally positive. From today's point of view, the Management Board assumes that the company will continue to benefit from the good development in the German construction sector. Management also expects the relevant output markets to show a generally positive trend. This expectation is supported by the intensified distribution activities abroad and the product portfolios customised to the individual markets.

Against this background, the Management Board expects the sales trend in the year to date to continue until the end of the year. On this basis, the Management Board also believes that earnings will continue to show a positive trend.

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

Contact: Thomas Sudhoff PR and Financial Communication Tel.: +49 5242 / 17-5176 E-Mail: ir@westag-getalit.de

26.07.2016 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 ---------------------------------------------------------------------------