Westag & Getalit AG reported consolidated earnings results for the first half of 2018. For the period, the company reported revenues of EUR 118.1 million, which was slightly above the previous year's EUR 117.8 million. Consolidated earnings before taxes were EUR 3.3 million against EUR 4.5 million a year ago. At the operational level, increased material prices and higher forwarding expenses resulting from a shortage of freight capacities resulted in lower profit contributions from its own products in the past months. Consequently, the Group's net profit for the period also declined to EUR 2.3 million against EUR 3.1 million a year ago. Net profit per share amounted to EUR 0.40 for the ordinary shares against EUR 0.56 a year ago. Net profit per share amounted to EUR 0.46 for the preference shares against EUR 0.62 a year ago.

The Management Board to adjust its forecast, according to which earnings for the full year 2018 are now expected to be lower than in the previous year.