euro adhoc: Westag & Getalit AG / Financial Figures/Balance Sheet / Sales growth in 2005 supported by higher exports; Proposed dividend on par with previous year

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Disclosure announcement transmitted by euro adhoc.
The issuer is responsible for the content of this announcement.
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15.03.2006

As the recessive trend in the German construction sector continued in
2005 (incoming orders in the building construction sector down 3.6%),
Westag & Getalit AG still managed to increase its sales to EUR 173.4
million (+3.6%). The increase was mainly supported by exports which
grew by 25.7% to EUR 35.5 million, with all three divisions making
strong contributions. The result before income taxes in the last
fiscal year was EUR 8.6 million (previous year EUR 9.7 million). The
increase in the prices of our raw materials, above all particle
boards and oil-based chemicals, was several times higher than the
eventual earnings decrease. Regrettably, we were able to adjust sales
prices only in some segments and with a certain delay. The sales
growth and a lower staff cost ratio had a positive effect, though.
The net income for the year was EUR 5.2 million (previous year EUR
5.9 million). DVFA/SG earnings per share were EUR 0.96 (previous year
EUR 1.00). The company’s Supervisory Board approved the financial
statements for fiscal 2005 at today’s meeting. Following the
Management Board‘s decision to allocate EUR 2.4 million to the
company’s revenue reserves, the Management Board and the Supervisory
Board of Westag & Getalit AG will propose to the Annual General
Meeting, which will take place on August 8, 2006 in
Rheda-Wiedenbrück, to pay out an unchanged dividend of EUR 0.48 per
ordinary share and EUR 0.54 per preference share. At the Supervisory
Board meeting, former Vice Chairman Hubert Stretz, was elected new
Chairman of the Supervisory Board. He succeeds Mr Hans Georg Ahrens,
who died in October 2005. Mr Klaus Pampel was elected new Vice
Chairman of the Supervisory Board. Our projections for 2006 include a
slight sales growth which we will achieve if the construction volume
stabilises on the current level. Stronger momentum is expected on the
export side which we continue to develop systematically. We will be
able to manage the expected total sales growth with the same
headcount as in 2005. This expectation is supported by a new working
time model designed to increase the average weekly working time from
35 to 38 hours without pay compensation; this new model was
instituted on January 1, 2006. Unfortunately, the purchase prices for
our raw materials have started to rise again and this trend is set to
continue. As in the previous year, it will again be difficult to pass
this increase on to our customers by means of higher selling prices.
This is why our 2006 results will depend both on our capacity
utilisation during the year and on price trends in the sales and
procurement markets.

end of announcement euro adhoc 15.03.2006 14:52:15
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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: Frankfurter Wertpapierbörse / official dealing/prime standard
Börse Berlin-Bremen / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade


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