euro adhoc: Westag & Getalit AG / quarterly or semiannual financial statement / Earnings before income taxes up 18.2% in Q1; Corporate tax reform has positive effect

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28.04.2008

Although expectations for the construction sector were moderate at
the end of 2007, construction activity was somewhat more positive
again in the first quarter. Against this background, Westag & Getalit
AG increased its sales by 5.3% to EUR 57.7 million in the first
quarter (2007: EUR 54.8 million). Export sales climbed by a
disproportionate 12.0% to EUR 15.0 million (2007: EUR 13.4 million).
The export share rose to 26.0% (2007: 24.4%).

The sales-induced increase in the performance allowed us to boost
earnings before income taxes by 18.2% to EUR 4.0 million (2007: EUR
3.4 million). As a result of the corporate tax reform and the reduced
corporate income tax rate, net profit for the year rose by a
disproportionate 33.5% to EUR 2.8 million (2007: EUR 2.1 million). At
the same time, net profit per share increased to EUR 0.49 (2007: EUR
0.37).

We expect the positive situation in our sector to continue. Thanks to
a comprehensive product portfolio, a strong export drive and our
strength in the contract sector, we see more growth opportunities
also for the rest of 2008. Our earnings position is strongly
influenced by the trend in commodity prices. The strong increase seen
in the past two years has led to a higher cost of raw materials
ratio. Going forward, the trend in commodity prices will remain a
critical factor for our earnings performance. Our growing
internationalisation, new interesting products and product variants
and the acceptance of our products and services by our customers make
us optimistic, also about our future earnings performance in 2008.
The greatly reduced corporate income tax rates resulting from the
corporate tax reform will additionally have a positive effect on
profit after taxes.

end of announcement euro adhoc
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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: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / regulated dealing