Westag & Getalit AG announced consolidated earnings results for the full year of 2017. For the year, the company generated sales revenues of EUR 234.4 million against EUR 233.0 million for the same period a year ago. This is attributable to the 8.8% rise in export revenues to EUR 54.6 million (previous year: EUR 50.2 million) and reflects the company's intensified sales efforts in markets outside Germany. Earnings before taxes amounted to EUR 9.1 million in the past fiscal year (previous year: EUR 10.5 million). Net profit moved in line with earnings before taxes and reached EUR 6.5 million against EUR 7.6 million for the same period a year ago. Earnings per share amounted to EUR 1.25 per preference share against EUR 1.44 for the same period a year ago. Earnings per share amounted to EUR 1.19 per ordinary share against EUR 1.38 for the same period a year ago.

Based on the forecasts for the German construction sector, which mainly influences the business of the Doors/Frames Division, the Management Board generally expects a positive market environment for 2018. This optimistic assumption is also based on the ongoing expansion of the distribution activities in the Surfaces/Elements Division. Developments in the increasingly important export markets will again be subject to uncertainties in 2018. In particular, the economic trend in European neighbouring countries will be influenced by the ECB's continued low-interest policy and the consequences of Brexit. Against this background, it is difficult to issue an exact forecast for business outside Germany. On balance, however, the fact that the product portfolios are precisely tailored to the individual markets makes the Management Board optimistic that the company will be able to further expand its export activities assuming a benign economic environment.