SHW AG: SHW AG: Earnings expectations reduced for 2015; outlook 2016

SHW AG  / Key word(s): Change in Forecast/Final Results

21.09.2015 16:23

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.

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Aalen, 21 September 2015. Based on the current data concerning the
Company's ongoing business development, the Management Board of SHW AG has
come to the conclusion that the previous forecast for Group earnings before
interest, taxes, depreciation and amortisation (adjusted EBITDA) in the
amount of EUR 46 million to EUR 50 million for the 2015 fiscal year can
presumably 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 than
the expected minimum level of EUR 11.5 million (Q3/2014: EUR 11.3 million).
With Group sales expectations remaining unchanged at roughly EUR 470
million (2014: EUR 430 million), the Management Board now expects Group
earnings before interest, taxes, depreciation and amortisation (adjusted
EBITDA) for the fiscal year 2015 in the range of EUR 42 million to EUR 46
million (2014: EUR 40.6 million).

Assuming a continuous stable order situation and a steady industry
environment, the Company expects a year-on-year decline in Group sales in
fiscal year 2016 to a range of EUR 440 million to EUR 460 million and Group
earnings before interest, taxes, depreciation and amortisation (adjusted
EBITDA) of roughly EUR 43 million to EUR 47 million.


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Language:     English
Company:      SHW AG
              Wilhelmstrasse 67
              73433 Aalen-Wasseralfingen
              Germany
Phone:        +49 7361 502-1
Fax:          +49 7361 502-674
E-mail:       ir@shw.de
Internet:     www.shw.de
ISIN:         DE000A1JBPV9
WKN:          A1JBPV  
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated
              Unofficial Market in Berlin, Dusseldorf, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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