EANS-Adhoc: Westag & Getalit AG / Earnings down moderately on 11% decline in sales in 2009; Proposed dividend: EUR 0.94 per ordinary share and EUR 1.00 EUR per preference share

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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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18.03.2010

Sales revenues of Westag & Getalit AG declined by 11.0% to EUR 201.4
million in what was an extremely difficult environment in 2009
(previous year: EUR 226.2 million). Export sales dropped particularly
sharply by 29.1% to EUR 39.2 million (previous year: EUR 55.4
million). The export share stood at 19.5% in 2009 (previous year:
24.5%). Against this background, it is gratifying to see that
earnings before income tax declined only moderately to EUR 14.9
million (previous year: EUR 15.3 million). While the drop in sales
weighed on the bottom line, a number of strict cost-cutting measures
had a positive impact on earnings. Accordingly, net profit declined
only moderately to EUR 10.5 million (previous year: EUR 10.8
million). Net profit per share amounted to EUR 1.84 in the fiscal
year (previous year: EUR 1.89).

The Management Board and the Supervisory Board will propose a
dividend of EUR 0.94 per ordinary share (previous year: EUR 0.44) and
of EUR 1.00 per preference share (previous year: EUR 0.50) to the
Annual General Meeting scheduled to take place in Rheda-Wiedenbrück
on August 24, 2010. By proposing this greatly increased dividend, we
want to express the restored confidence in the financial systems.

At the same time, the Management Board today announced, with the
approval of the Supervisory Board, that the repurchase of preference
shares in the company, which was announced on January 12, 2010 and
was originally scheduled to end on March 17, 2010, will be continued
until August 6, 2010. Between January 13, 2010 and March 17, 2010,
the company repurchased 103.990 preference shares.

The outlook for construction activity in Germany remains weak. While
the government´s stimulus packages should provide some support, the
continued uncertainty among consumers and companies suggests that the
environment for the construction industry will remain recessionary.
The situation is even more difficult in European markets outside
Germany, which were hit much harder by the crisis in 2009 and where
there are no signs of a potential recovery. It is unlikely that we
will be able to isolate ourselves from these problems. With sales
declining by 8% in the first two months, we therefore had a moderate
start to the fiscal year, which was not least attributable to the
extremely cold winter, though. We do not expect sales to drop much
further in 2010, as we have both interesting new products and
promising new customers. On the cost side, the prices of raw
materials, in particular, are likely to pick up again. While we will
continue to take strict counter-measures, we expect earnings to fall
short of the prior year level from today´s point of view. We
nevertheless believe that earnings will be in an appropriate relation
with sales. Should an upswing materialise unexpectedly in 2010, we
will benefit to an above-average extent thanks to our excellent
potential.

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: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Stuttgart / free trade
Düsseldorf / regulated dealing