Westag & Getalit Ag Announces Consolidated Earnings Results for the Full Year of 2017; Provides Earnings Guidance for the Year 2018
Based on the forecasts for the German construction sector, which mainly influences the business of the Doors/Frames Division, the Management Board generally expects a positive market environment for 2018. This optimistic assumption is also based on the ongoing expansion of the distribution activities in the Surfaces/Elements Division. Developments in the increasingly important export markets will again be subject to uncertainties in 2018. In particular, the economic trend in European neighbouring countries will be influenced by the ECB's continued low-interest policy and the consequences of Brexit. Against this background, it is difficult to issue an exact forecast for business outside Germany. On balance, however, the fact that the product portfolios are precisely tailored to the individual markets makes the Management Board optimistic that the company will be able to further expand its export activities assuming a benign economic environment.