The Management Board and the Supervisory Board of Westag & Getalit AG will propose a dividend of EUR 1.00 per preference share and of EUR 0.94 per ordinary share for the fiscal year 2016 at the annual general meeting on June 27, 2017.

The company G announced consolidated earnings results for the year 2016. For the year, the company reported sales revenues by 2.8% to EUR 233.0 million against EUR 226.7 million a year ago. Earnings before taxes amounted to EUR 10.5 million against EUR 8.6 million a year ago. This positive earnings trend was essentially achieved due to the increase in sales revenues and the improved cost structures. Net profit developed in line with earnings before taxes and reached EUR 7.6 million against EUR 6.3 million a year ago. Earnings per share amounted to EUR 1.38 per ordinary share against EUR 1.14 per ordinary share a year ago.

The company announced that based on the assumption that the economic environment remains favourable, the Management Board's objective is to achieve a slight increase in sales revenues in both operating divisions in the full fiscal year in spite of the subdued start into 2017. Depending on the development of the main expense items, the company expects earnings to reach the previous year's level in the fiscal year 2017.