Westag & Getalit AG generated sales revenues of € 225.4 million (previous year: € 223.1 million) in the financial year 2015. Following the rather slow start to the year, sales revenues thus grew by a moderate 1.0% year-on-year. While domestic revenues remained almost constant compared to the previous year, exports sales advanced notably in spite of the partly very difficult situation in the company's target markets. They rose by 5.4% to € 47.1 million (previous year: € 44.7 million).

Earnings before taxes amounted to € 8.2 million in the past financial year (previous year: € 8.9 million).

The decline against the previous year is attributable to write-downs of inventories and intensified distribution activities in foreign markets. The effects of the write-downs exceeded the original expectations. By stepping up its distribution activities, the company is making investments to ensure that the positive sales trend outside Germany continues in the future.

Net profit moved in sync with earnings before taxes and reached € 5.9 million (previous year: € 6.4 million). Against this background, the Management Board considers proposing a reduced dividend for 2015.

The company's headcount increased by three to 1,304 people compared to the prior year reporting date.

All above figures are provisional and are subject to the ongoing audit of the financial statements. The final figures as well as a profit appropriation proposal will be communicated following the adoption of the financial statements.

The above press release and further information on Westag & Getalit are available on the Internet at www.westag-getalit.de.


Westag & Getalit AG issued this content on 12 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 February 2016 11:12:16 UTC

Original Document: http://www.westag-getalit.de/en/company/investor-relations/financial-publications/ad-hoc-news/ad-hoc-february-12-2016/