EANS-Adhoc: Westag & Getalit AG / Higher sales growth and moderate earnings growth in 2010; Dividend unchanged at EUR 0.94 per ordinary share and EUR 1.00 per preference share for 2010

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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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24.03.2011

Westag & Getalit AG benefited from a noticeable pick-up in domestic
construction activity. Following a weather-related weak start to the
year, sales revenues increased by 7.6% to EUR 216.6 million (2009:
EUR 201.4 million) in 2010. We are very pleased about the fact that
all three divisions of the company reported an increase in sales.
Export sales also showed a positive trend and rose at a
disproportionate rate of 9.1% to EUR 42.8 million (2009: EUR 39.2
million) in spite of a difficult economic situation in many foreign
markets.

Westag & Getalit AG´s earnings before income tax amounted to EUR 15.1
million in 2010, compared to EUR 14.9 million in 2009, which
represents a moderate increase of 0.9%. While the absolute earnings
figures are pleasing, earnings did not entirely follow the positive
sales trend due to the sharp rise in raw material prices. In line
with earnings before tax, net profit for the year increased by a
moderate 1.4% to EUR 10.7 million (2009: EUR 10.5 million). Earnings
per share amounted to EUR 1.86 in fiscal 2010 (2009: EUR 1.84).

The Management Board and the Supervisory Board will propose to the
Annual General Meeting, which will take place in Rheda-Wiedenbrück on
July 26, 2011, to pay out an unchanged dividend of EUR 0.94 per
ordinary share and of EUR 1.00 per preference share.

At this stage, we expect the recovery in the German construction
sector to continue. There are signs, especially in the housing
construction sector, which suggest that the long slack period is
coming to an end. The overall situation in other European countries
is unlikely to improve markedly in the foreseeable future.
Construction activity in some Eastern European countries seems to be
stabilising at least. Against this background, we expect to see an
increase in domestic sales revenues. The question whether we will be
able to generate further growth abroad will depend on the actual
trend in these markets, which may well differ from country to
country. In view of what are still low market shares in the
individual foreign markets, we are nevertheless optimistic that we
will be able to grow even if the market as a whole does not.

The crisis in Japan and the situation in the Arab region are factors
of uncertainty, though. At this stage, we cannot say whether these
crises will potentially have an adverse impact on the economies in
our relevant markets.

Our business results in 2011 will depend not only on our sales
performance but also on the trend in raw material prices.
Unfortunately, it does not appear as if raw material prices, which
have risen at an accelerated pace since Q2 2010, have found a stable
basis at a higher level. Right on the contrary, there has been an
unpleasant upward trend also in 2011. Having exploited the full
potential for rationalisation, it will therefore be one of our key
tasks in 2011 to pass on these increased costs to our customers in
the form of higher sales prices. It remains to be seen if we will be
able to achieve this in full and whether there will be certain
delays. Considering our traditional strengths in terms of product
portfolios, sales strength, technologies and cost-consciousness, we
are convinced, however, that we will again achieve good business
results in 2011.

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