euro adhoc: Westag & Getalit AG / Earnings / Moderate sales growth in increasingly different environment; Earnings before income tax on a par with the previous year

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quaterly report

27.10.2008

In spite of an increasingly difficult environment, Westag & Getalit
AG increased its sales by 4.1% to EUR 174.6 million in the first nine
months of the year (2007: EUR 167.7 million).

Export sales climbed by 4.0% to EUR 44.0 million. The export share
amounted to 25.2%.

At EUR 11.8 million, earnings before income tax remained virtually
unchanged from the previous year. The moderate decline in earnings in
the third quarter is attributable to the fact that customers of the
Plywood/Formwork Division have adopted a more cautious attitude as
well as to the adverse impact of the non-recurrent
conversion/downtime costs of our combined heat and power plant. The
latter is now fully operational and produces a good 60 percent more
electricity than before.

Due to the German corporate income tax reform, which resulted in
clearly reduced corporate income tax rates, net profit increased by
13.2% to EUR 8.3 million (2007: EUR 7.3 million). Net profit per
share rose to EUR 1.44 (2007: EUR 1.27).

The individual sectors in Europe and Germany are feeling the economic
slowdown and the banking crisis with a certain delay and with varying
intensity. Activity in the construction sector, which is the relevant
industry for our company, has slowed down markedly since the
beginning of the second quarter.

Against this background, it is very difficult for us to forecast our
future performance. We nevertheless believe that we will be able to
outperform the market due to positive export expectations, our
excellent standing in the contract segment and our acknowledged
strong product portfolio.

With business remaining stable compared to the previous year, we
expect net profit for the full year to increase as a result of
reduced corporate income taxes.

end of announcement euro adhoc
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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 All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / regulated dealing