EANS-Adhoc: Westag & Getalit AG / Sales up in first half of 2011; Profit growth slowed down by rising commodities prices

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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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25.07.2011

Benefiting from the robust state of the German construction sector,
Westag & Getalit AG raised its sales in the first half of 2011 by
8.1% to just under EUR 111.6 million. Export business grew at a
clearly disproportionate rate of 23.4% to EUR 25.4 million.
Accordingly, the export ratio advanced from last year´s 19.9% to
22.7%.

Earnings before income taxes came in at EUR 5.1 million, slightly up
on the prior-year figure of EUR 5.0 million. While profitability was
supported by the positive development on the sales side, it was
clearly slowed down by the renewed rise in commodities prices
particularly in the area of wood, wood-based materials and oil-based
chemicals. Net profit for the half-year period rose in parallel to
pre-tax earnings, edging up from EUR 3.5 million to EUR 3.6 million.
Earnings per share amounted to 0.62 EUR.

The economic environment remains split into two different realities.
Germany and numerous Asian economies have been experiencing a quite
robust upswing which has even gained additional momentum in 2011. In
many other European countries, however, the recovery has subsided and
the already existing crises in several countries have worsened
further. Against this background, it is difficult to forecast our
business trend. Even so, we expect to post sales growth for the full
year 2011. Despite the challenging environment, we believe that we
will be able to grow our international business at a disproportionate
rate during this period.

Providing profit guidance has also become much more difficult this
year. This is because of the continued rise in commodities prices
which already impacted our results in the first half of the year.
Apart from making consistent use of all saving potentials, we will
continue our efforts to impose effective price increases for our
products. Against the background of our strengths in terms of product
range, sales power, employees and cost awareness, we are confident
that we will be able to generate good results also during the current
financial year, whereby expections are somewhat subdued due to the
high cost of raw materials.

Further inquiry note:
Felix Huisgen
Tel.: +49 (0)5242 17 5350
E-Mail: huisgen@westag-getalit.de

end of announcement euro adhoc
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issuer: Westag & Getalit AG
Hellweg 15
D-33378 Rheda-Wiedenbrück
phone: +49 (0)5242 17 0
FAX: +49 (0)5242 17 75000
mail: ir@westag-getalit.de
WWW: http://www.westag-getalit.de
sector: Building materials
ISIN: DE0007775207, DE0007775231
indexes: Prime All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Stuttgart, regulated dealing: Düsseldorf
language: English