Westag & Getalit AG announced earnings results for the year 2015. For the year, the company reported that its sales revenues increased by 1.0% to EUR 225.4 million against EUR 223.1 million a year ago. At EUR 8.2 million, earnings before taxes were down by 7.4% on EUR 8.9 million. The decline in earnings is essentially attributable to higher-than-expected write-downs of inventories and increased distribution activities in foreign markets. Net profit moved in sync with earnings before taxes and reached EUR 5.9 million against EUR 6.4 million a year ago. Accordingly, earnings per share amounted to EUR 1.13 per preference share against EUR 1.21 per preference share a year ago and to EUR 1.07 for the ordinary shares against EUR 1.15 for the ordinary shares a year ago.

The company projects slightly higher sales revenues and earnings for 2016.