euro adhoc: Westag & Getalit AG / quarterly or semiannual financial statement / Gratifying sales and profit trend in the first quarter of 2006

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Disclosure announcement transmitted by euro adhoc.
The issuer is responsible for the content of this announcement.
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10.05.2006

The most recent data from the Federal Statistical Office are
apparently indicating a turnaround in the German construction sector;
incoming orders in the building construction sector were up 12.1 %
year-on-year in the first two months of 2006. Westag & Getalit AG
increased its Q1 2006 sales by 17.1 % to EUR 47.7 million, even
though it has to be taken into account that the Q1 2005 sales were
relatively weak at EUR 40.7 million. Clear growth was achieved on the
export side, with sales rising by 37.3 % to EUR 10.4 million
(previous year: EUR 7.6 million). The export share climbed to 21.8 %
(previous year: 18.6 %).

Despite the renewed increase in raw materials prices, our Q1 2006
earnings before income taxes advanced to EUR 2.3 million (previous
year: EUR 0.8 million). Instituted on January 1, 2006, our working
time model (increase in working hours from 35 to 38 hours) permitted
to boost sales and profits virtually without increasing the absolute
personnel expenses. This led to a substantial decline in our staff
cost ratio which was down to 30.7 % from 35.2 % in the comparative
quarter of the previous year. Net profit rose to EUR 1.4 million
(previous year: EUR 0.5 million), while DVFA/SG earnings per share
grew to EUR 0.25 (previous year: EUR 0.09).

Management is confident about the further course of 2006,
anticipating additional major stimulation particularly on the export
side of our business. While the first-quarter sales increase is not
likely to be repeated on account of the uneven quarter-on-quarter
trend recorded in 2005, we expect to report good growth for the
current financial year as a whole. Our year-end result will largely
be determined by price trends both in our raw materials markets and
in the markets for our finished products. As parts of our customers
are experiencing difficult trading conditions in highly competitive
markets, upward adjustments of our prices are somewhat difficult at
this time. Given the indicators of a recovery in the German economy,
we nevertheless assume that a moderate price increase is attainable.
All in all we expect to report another good annual result.

end of announcement euro adhoc 10.05.2006 12:58:45
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ots Originaltext: Westag & Getalit AG
Im Internet recherchierbar: http://www.presseportal.de

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: Frankfurter Wertpapierbörse / official dealing/prime standard
Börse Berlin-Bremen / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade