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Westag & Getalit AG

euro adhoc: Westag & Getalit AG
Earnings
Strong sales and earnings growth in the first quarter of 2007

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
14.05.2007
According to the Federal Statistical Office, incoming orders in the 
building construction sector increased by 3.5% in the first two 
months of 2007. Due to a sharp rise in domestic sales and strong 
export growth, Westag & Getalit AG clearly outperformed the market in
the first quarter, with sales rising by 14.9% to EUR 54.8 million 
(2006: EUR 47.7 million). All three divisions of Westag & Getalit AG 
reported double-digit sales growth.
Export sales climbed 28.6% to EUR 13.4 million (2006: EUR 10.4 
million). The export share rose to 24.4% (2006: 21.8%).
Earnings before income taxes rose by 49.1% to EUR 3.4 million in the 
period under review (2006: EUR 2.3 million). The excellent earnings 
performance is mainly attributable to the increase in sales revenues.
We have not been able yet to fully pass on the rising raw materials 
prices to our customers in the form of increased sales prices. This 
will be one of the tasks we need to tackle in the remaining course of
the year. Personnel expenses developed positively, not least due to 
the good capacity utilisation.
Net profit climbed to EUR 2.1 million (2006: EUR 1.4 million), while 
DVFA/SG earnings per share rose to EUR 0.38 (2006: EUR 0.25).
We are optimistic about the year 2007 and expect strong stimulation 
from the investments made in 2006, especially the edge processing 
line for doors, the new glue deck for face panels and the continuous 
production of laminated boards. While we know that the percentage 
increase in sales reported in the first three months cannot be 
extrapolated, we nevertheless project good growth for the full year.
In the first quarter of 2007, we had to cope with another sharp rise 
in raw materials prices, especially for particle boards. While our 
customers increasingly realise that price increases are inevitable, 
it will be a difficult task to raise our prices at the right time and
to a sufficient extent.
Overall, we are confident, however, that we will be able to generate 
appropriate earnings before income taxes also in 2007.
Mr Markus Sander has been appointed to the Management Board of Westag
& Getalit AG with effect from July 1, 2007. He succeeds Mr Edmund 
Volmer as Director of the Laminates/Elements Division. Mr Volmer, who
has managed the division very successfully for almost 25 years, will 
retire on June 30, 2007.
end of announcement                               euro adhoc 14.05.2007 14:26:03

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: Frankfurter Wertpapierbörse / official dealing/prime standard
Börse Berlin-Bremen / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / official dealing

Original-Content von: Westag & Getalit AG, übermittelt durch news aktuell

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