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Westag & Getalit AG

euro adhoc: Westag & Getalit AG
Earnings
Positive sales and profit trend in first half of 2007

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
31.07.2007
The general economic recovery in Germany has also entailed a positive
development of construction activity. The index of incoming orders in
the building construction sector published by the Federal Statistical
Office for the period from January to May was up 2.8% on the previous
year. Westag & Getalit AG benefited disproportionately from this 
trend. As of June 30, 2007, our sales revenues increased by 15.2% to 
EUR 109.9 million (previous year: EUR 95.4 million), confirming the 
positive upward trend seen in the first quarter of 2007. All three 
divisions reported double-digit growth. In particular, export sales 
climbed 25.0% to EUR 28.1 million (previous year: EUR 22.5 million). 
Accordingly, the export share rose from 23.6% in the previous year to
25.6%.
Earnings before income taxes rose by 35.1% to EUR 6.9 million 
(previous year: EUR 5.1 million), mainly as a result of the higher 
sales and despite a sharp increase in the cost of materials ratio to 
52.1% (previous year: 49.0%). The latter is attributable to the 
continued rise in raw materials prices, which was only partly passed 
on to our customers. By contrast, personnel expenses developed 
favourably as a result of our higher output, growing only at a 
proportionately lower rate. Net profit climbed to EUR 4.3 million 
(2006: EUR 3.1 million), while DVFA/SG earnings per share rose to EUR
0.78 (2006: EUR 0.56).
The half-year figures make us optimistic for the full year 2007. If 
the positive economic development continues, we expect sales to 
increase by a good 10%. The present satisfactory earnings position is
attributable to the very good capacity utilisation and the related 
drop in the staff cost ratio. While the rise in raw materials prices 
has slowed down, we still need to pass the resulting cost increases 
on to our customers. Against the background of the projected 
development of sales revenues, we are confident that the full-year 
result before income taxes will once again exceed the good result of 
the previous year.
end of announcement                               euro adhoc 31.07.2007 09:31:42

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: Börse Frankfurt / official dealing/prime standard
Börse Berlin / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / official dealing

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

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