EANS-Adhoc: Westag & Getalit AG / Good increase in sales in first nine months of 2011; Earnings growth slowed down by sharp rise in 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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27.10.2011

Westag & Getalit AG benefited from the positive trend in the German
construction sector in 2011 and increased its sales revenues in the
first nine months of the current financial year by 7.4% to EUR 173.0
million (previous year: EUR 161.2 million). It was good to see that,
in spite of the difficult export environment, our export sales
increased at a disproportionate rate of 17.6% to EUR 37.9 million
(previous year: EUR 32.2 million). As a result, the export share rose
markedly from 20% to 21.9%.

At EUR 8.9 million, nine-month earnings before income taxes were
slightly below the prior year level (EUR 9.2 million). On the one
hand, the sharp increase in sales revenues had a positive influence
on the result, but on the other hand, higher material costs had an
adverse impact on the bottom line. While this impact was partly
offset by cost savings and higher sales prices, the sharp rise in
costs particularly for wood-based materials made it impossible to
fully offset the negative effects at least for the time being. Due to
the decline in earnings before taxes, net profit for the nine-month
period also decreased moderately and amounted to EUR 6.3 million
(previous year EUR 6.4 million). Nine-month earnings per share stood
at EUR 1.15 (previous year: EUR 1.17).

Compared to our latest report on the first six months of 2011, the
economic outlook has become much bleaker. In the summer, we still
spoke of a robust upswing but now the close integration between the
German economy and the crisis-hit rest of Europe is becoming
increasingly visible. While the latest figures for the domestic
economy are still good, the outlook is clearly dominated by the debt
and currency crisis. We are optimistic that the positive sales trend
will continue for the rest of the year and that we again will achieve
good growth for the full year, but we share the general uncertainty
about the future trend in 2012. Our bottom line continues to be
influenced by the lower margin, which results from the higher
commodities prices. So far, we have not yet sufficiently offset the
high price growth through higher sales prices for our products. A
further increase in the prices of our products will therefore be
inevitable. Our strengths in terms of product range, sales power,
employees and cost awareness make us confident that we will continue
to be able to generate good results

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