EANS-Adhoc: Westag & Getalit AG / Deteriorating economic environment leading to a slight decline in sales revenues and weighing on earnings in the first nine months of 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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26.10.2012

In recent months Westag & Getalit AG has come to feel the
deterioration in the general economic situation. Owing to the more
challenging trading conditions, nine-month sales came in at EUR 170.9
million, which was 1.2% lower than in the prior-year period (2011:
EUR 173.0 million). Our export business was particularly affected by
this trend, with nine-month sales down by 2.1% to EUR 37.1 million
(2011: EUR 37.9 million). This development highlights the
increasingly challenging operating conditions in the relevant target
markets. As a result, our export ratio declined from 21.9% to 21.7%
during the reporting period.

The adverse trend is also reflected in nine-month earnings before
income taxes which are down by 18% on the prior-year period at EUR
7.3 million. The reasons include, on the one hand, the deteriorated
sales situation. Moreover, cumulated earnings continue to suffer from
the effects of the inferior quality of certain raw materials; our
damage claims against the suppliers are not yet included in the
accounts. Net profit after taxes for the first nine months
consequently declined to EUR 5.1 million (2011: EUR 6.3 million). Net
profit per share for the first nine months amounted to EUR 0.92 for
the ordinary shares (2011: EUR 1.12) and to EUR 0.98 for the
preference shares (2011: EUR 1.18).

The first signs of a weakening in the German economy have become
apparent since the last report on the first six months 2012. As
expected, the situation in the international markets has remained
weak and there is no improvement in sight. Given the ongoing
deterioration in trading conditions, a full-year 2012 sales figure on
par with the previous year would be considered a positive outcome.

In view of the more challenging economic environment in Germany and
in the relevant international markets, management expects earnings
before tax to come in below the previous year's level.

Further inquiry note:
Thomas Sudhoff
PR und Finanzkommunikation
Tel.: +49(0) 5242 175176
Email: sudhoff@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: CDAX, Classic All Share, Prime All Share
stockmarkets: free trade: Berlin, Stuttgart, regulated dealing: Düsseldorf,
regulated dealing/prime standard: Frankfurt
language: English