EANS-Adhoc: Westag & Getalit AG / Moderate revenue and earnings growth in Q1 2012

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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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25.04.2012

Against the background of a continued positive trend in German
construction activity, Westag & Getalit AG increased its sales
revenues by 3.1% to EUR 57.4 million in the first three months of
2012 (2011: EUR 55.7 million). In the first quarter, the situation in
foreign markets remained difficult as most of them continue to feel
the impact of the economic crisis. Accordingly, our export sales
declined by 4.2% to EUR 12.4 million (2011: EUR 12.9 million). As a
result, the export share dropped to 21.6% (2011: 23.2%).

At EUR 2,342 thousand, earnings before income taxes were up by 2.6%
on the previous year's EUR 2,283 thousand. Besides the increase in
sales revenues, this was also attributable to the stabilisation in
commodity prices in the first quarter. Net profit per share remained
unchanged at EUR 0.27 (ordinary share) and EUR 0.33 (preference
share), respectively.

We are generally optimistic about economic activity in Germany, and
especially in the German construction sector. The domestic economy
has given impressive proof of its resilience in 2010 and 2011. The
construction sector additionally benefits from a clear trend towards
selective investments in housing properties. While this means that
the economic preconditions are positive, we are well aware of the
fact that the risk situation may change at any time if the financial
crisis intensifies. Based on these positive economic assumptions, we
expect domestic sales revenues to increase. Especially our
construction-related distribution units should benefit from growing
housing construction. We also project an increase in export sales
for the next two years. Most recently, we demonstrated that we can
operate successfully even under very difficult export market
conditions - and there are sufficient opportunities and projects
which suggest that we will be able to do so in future. Our bottom
line is influenced not only by sales revenues but also by the trend
in commodity prices, which are currently sending more positive
signals, following the very unpleasant trend in 2010 and 2011.
Indicators point to a stabilisation in the prices of the most
important commodities. As we have been able to pass on only part of
the huge material price increases to our customers, we will be forced
to hold further price talks with our customers. Should these positive
effects materialise, we will be able to restore our profitability to
past levels

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