SHW AG  / Key word(s): Change in Forecast/Final Results21.09.2015 16:23Dissemination of an Ad hoc announcement according to § 15 WpHG, transmittedby DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.---------------------------------------------------------------------------Aalen, 21 September 2015. Based on the current data concerning theCompany's ongoing business development, the Management Board of SHW AG hascome to the conclusion that the previous forecast for Group earnings beforeinterest, taxes, depreciation and amortisation (adjusted EBITDA) in theamount of EUR 46 million to EUR 50 million for the 2015 fiscal year canpresumably no longer be achieved.The Management Board now expects Group earnings before interest, taxes,depreciation and amortisation (adjusted EBITDA) in Q3/2015 to be lower thanthe expected minimum level of EUR 11.5 million (Q3/2014: EUR 11.3 million).With Group sales expectations remaining unchanged at roughly EUR 470million (2014: EUR 430 million), the Management Board now expects Groupearnings before interest, taxes, depreciation and amortisation (adjustedEBITDA) for the fiscal year 2015 in the range of EUR 42 million to EUR 46million (2014: EUR 40.6 million).Assuming a continuous stable order situation and a steady industryenvironment, the Company expects a year-on-year decline in Group sales infiscal year 2016 to a range of EUR 440 million to EUR 460 million and Groupearnings before interest, taxes, depreciation and amortisation (adjustedEBITDA) of roughly EUR 43 million to EUR 47 million.21.09.2015 The DGAP Distribution Services include Regulatory Announcements,Financial/Corporate News and Press Releases.Media archive at and Language:     EnglishCompany:      SHW AG              Wilhelmstrasse 67              73433 Aalen-Wasseralfingen              GermanyPhone:        +49 7361 502-1Fax:          +49 7361 502-674E-mail:       ir@shw.deInternet:     www.shw.deISIN:         DE000A1JBPV9WKN:          A1JBPV  Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated              Unofficial Market in Berlin, Dusseldorf, Stuttgart End of Announcement                             DGAP News-Service ---------------------------------------------------------------------------