10.05.2005 – 16:14

Westag & Getalit AG

euro adhoc: Westag & Getalit AG
Quarterly or Semiannual Financial Statements
Difficult first quarter 2005

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  The issuer is responsible for the content of this announcement.

10.05.2005

The continued decline in German construction activity accelerated in
early 2005. The latest figures published by the Federal Statistical
Office for the building construction sector show an alarming 25.6%
decline in incoming orders (January to February 2005). At EUR 40.7
million, Westag & Getalit AG first-quarter sales were down 4.1% on
the previous year’s EUR 42.4 million. The weak domestic business was
partly offset by exports, which increased by an impressive 12.1% to
EUR 7.6 million; the export share rose to 18.6%.

The trend towards higher purchase prices of our main raw materials,
which emerged in the last quarter of 2004, accelerated as expected.
As a result, and due to lower sales, earnings before income taxes
declined to EUR 809 thousand (2004: EUR 1,882 thousand). DVFA/SG
earnings per share were down to EUR 0.09 (2004: EUR 0.20).

We are currently seeing no signs in our industry that would give
cause for optimism. The continued spending restraint on the part of
consumers in Germany, our main output market, is weighing on our
performance. We have so far been unable to fully implement the price
increases that would be required due to the higher commodity prices.
Westag & Getalit AG’s results for the year 2005 will depend on the
development of prices in our procurement and output markets and the
development of our sales volumes. We see further growth potential
mainly on the exports side as well as for our new product families,
which already achieved measurable success in the first three months
of the year. From today’s point of view, Westag & Getalit AG’s result
for the full year is expected to remain below the excellent level of
the previous year. We are nevertheless confident that we will
generate reasonable earnings even in these difficult times.

end of announcement                    euro adhoc 10.05.2005 15:38:26 

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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