Westag AG

Latest Results (06.11.2025):

Westag AG’s financial results for the fourth quarter of 2024 underline a challenging year marked by a revenue decline alongside a stable though slightly compressed operating performance. The company reported total revenues of 186.3 million euros for the business year 2024—down 12.6% compared to the previous year—with both operating segments, Westag Türen and Westag Elemente, affected by reduced sales volumes. Despite the challenging market conditions, particularly in Germany and key export markets, Westag AG achieved an adjusted EBITDA of 13.1 million euros, benefiting from cost efficiency measures, strategic product upgrades, and selective one-off positive effects. The robust cash flow and stable financial position supported dividend proposals and positioned the company to cautiously navigate upcoming market uncertainties in 2025.

Revenue Performance

The overall revenue for 2024 stood at 186.3 million euros, reflecting a 12.6% decrease compared to the prior year. Both segments—Westag Türen and Westag Elemente—experienced declines due to decreased sales volumes, partially offset by improvements in the operative margin in Germany, particularly noted in the fourth quarter.

EBITDA & Profitability

The adjusted EBITDA for 2024 was 13.1 million euros, down from 15.6 million euros in the previous year. This performance was supported by focused cost adjustments, including management of direct production and administrative expenses, and selective one-time benefits such as improvements from pension adjustments and favorable financial items.

Dividend Proposal

The board proposed a dividend, suggesting 0.96 euros per preferred share and 0.90 euros per common share, reflecting the company’s confidence in a resilient cash flow and a stable overall financial situation despite the revenue challenges.

Market Outlook & Strategic Focus

Looking ahead to 2025, Westag AG anticipates continued market volatility, with potential further declines in the domestic segment. Nevertheless, the company is focusing on strategic product introductions, inventory and portfolio consolidation (including the integration of Westag Saterland GmbH), and enhanced customer collaboration to mitigate risks and capitalize on emerging opportunities across the sectors it serves.