Westag & Getalit AG reported consolidated earnings results for the first quarter of 2018. For the period, the company reported sales revenues of EUR 60.9 million. This represented a moderate improvement by 2.0% compared to the previous year's EUR 59.7 million. The company's export business showed a particularly positive trend in the first three months of 2018. Consolidated earnings before taxes amounted to EUR 2.4 million against EUR 2.3 million a year ago. Earnings after taxes rose to EUR 1.7 million compared to EUR 1.5 million a year ago. Earnings per share stood at EUR 0.29 for the ordinary shares against EUR 0.26 a year ago.

The company provided earnings guidance for the full year of 2018. In view of the strategic measures already initiated and positive industry forecasts, management is optimistic about the future. The management board thus confirms its forecast for 2018 under the conditions set out in the annual report for 2017 and aims for a moderate increase in sales revenues and disproportionately higher improvement in earnings compared to the previous year.