Westag & Getalit AG reported consolidated earnings results for the first quarter of 2017. The company generated sales revenues of EUR 59.7 million in the first quarter of 2017. The slight 1.0% decline from the prior year period's EUR 60.3 million is due to moderate demand at the beginning of the year. Consolidated earnings before taxes amounted to EUR 2.3 million, which was slightly below the previous year's EUR 2.4 million. As a result, net profit for the period declined to EUR 1.5 million (previous year: EUR 1.6 million). Net profit per share amounted to EUR 0.26 for the ordinary shares (previous year: EUR 0.27) and to EUR 0.32 for the preference shares (previous year: EUR 0.32).

The company provided earnings guidance for the full year of 2017. In spite of a moderate start to the year 2017, the outlook for the coming months remains positive. The positive revenue expectations are also based on the ongoing expansion of the distribution activities in the Surfaces/Elements Division. Depending on the development of the main expense items, e.g. raw materials, the company expects earnings to reach the previous year's level in the fiscal year 2017.