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Disclosure announcement transmitted by euro adhoc.
The issuer is responsible for the content of this announcement.
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28.10.2005
Data released by the Federal Statistical Office shows that incoming
orders in the building construction sector declined by another 8.2%
between January and August 2005. Westag & Getalit AG defied this
trend and completed the third quarter with a gratifying 1.5% increase
in nine-month sales which rose to EUR 127.4 million (previous year:
EUR 125.5 million).
Export sales rose by 18.4 % to EUR 25.2 million. As already reported
at the half-year term, our export share now amounts to 19.8%, meaning
that we have effectively reached the 20% target repeatedly pointed to
in our guidance. All three divisions contributed sizeable
double-digit growth rates to this result.
Earnings before income taxes for the nine-month period came in at EUR
3,476 thousand (previous year: EUR 4,951 thousand). This year-on-year
decline was chiefly caused by considerably higher raw materials
prices. DVFA/SG earnings per share were down to EUR 0.39 (2004: EUR
0.56).
The situation in our industry remains characterised by oversupply and
the absence of incentives for consumers to give up their spending
restraint.
Demand in Germany is set to remain weak. As customers continue to
attach ever greater importance to low prices, we are forced to push
ahead our ongoing rationalisation measures. Exports of our products
are growing in importance. The success achieved so far vindicates our
focus on this business segment.
Notwithstanding the pressure on our prices and the increased raw
materials prices, we believe that the positive sales trend as well as
the most recently improved profit trend support our expectation of
appropriate earnings to be reported also for the full financial year,
even though it will not be possible to match the very good profit
level of the previous year.
end of announcement euro adhoc 28.10.2005 12:45:40
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ots Originaltext: Westag & Getalit AG
Im Internet recherchierbar: http://www.presseportal.de
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 Standard, Prime All Share
Börsen: Berliner Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bremer Wertpapierbörse (BWB) / free trade
Frankfurter Wertpapierbörse / official dealing
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