Westag & Getalit AG reported earnings results for the first quarter of 2015. For the quarter, revenues declined by 2.0% to EUR 55.8 million against EUR 57.0 million a year ago. Despite the moderate decline in sales revenues, earnings before taxes increased due to the improved cost structure. At EUR 2.5 million, earnings were up by 13.6% on the previous year's EUR 2.2 million. Accordingly, net profit for the period also showed a positive trend and climbed from EUR 1.5 million in the previous year to EUR 1.7 million. Net profit for the period per share amounted to EUR 0.29 for the ordinary shares and to EUR 0.35 for the preference shares.

Assuming a stable economic trend in the further course of the year, in conjunction with the planned distribution offensive and strict cost management, the company's management believes, however, that the conditions are in place for future earnings growth. Against this background, the Management Board continues to project a moderate increase in sales revenues and earnings for 2015.