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

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