EANS-News: SHW AG: Dividend of EUR 1.00 per share decided by Annual General Meeting

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Annual & Special Corporate Meetings

Heidenheim (euro adhoc) - The first ordinary Annual General Meeting of SHW AG,
which was held in Heidenheim yesterday, met with great interest on the part of
the SHW shareholders, who represented 77.93 percent of the company's share
capital. In his speech, Dr. Wolfgang Krause, CEO of SHW AG, looked back on a
positive financial year 2011. "The large number of production start-ups and
customers' stable demand for our CO2-relevant vehicle components laid the
foundation for both Group sales and consolidated net income reaching new record

Group sales in the financial year 2011 improved by 24.2 percent to EUR 360.6
million (previous year: EUR 290.3 million). Consolidated net income for the year
rose by 25.8 percent to EUR 17.0 million (previous year: EUR 13.5 million).
Group earnings before interest and taxes (adjusted EBIT) were up by EUR 3.4
million on the previous year to EUR 26.2 million.

The start into the new financial year has been no less promising. Group sales
improved by 13.6 percent to EUR 100.5 million in the first quarter (previous
year: EUR 88.5 million). In the January to March period, Group earnings before
interest and taxes were up by EUR 1.6 million on the previous year* to EUR 7.9
million. Net income for the period rose by 70.5% to EUR 5.2 million (previous
year: EUR 3.1 million). Demand for SHW products that help to reduce CO2
emissions of motor vehicles continues to show a particularly positive trend.
"SHW is outstandingly positioned to benefit from the mega trend of CO2 reduction
also in future, which could clearly increase the value of SHW AG in the long
term," Dr. Krause concluded. 

Visitors had the opportunity to get a good idea of the company's innovative
product portfolio in the entrance hall of the congress centre. Three of the
company's latest development met with particular interest: a camshaft phaser for
diesel engines, an oil/vacuum pump and a composite brake disc in a fascinating
design (Wave-Disc). 

The shareholders approved the proposal of the Management Board and the
Supervisory Board to distribute a dividend of EUR 1.00 per share. Accordingly,
an amount of EUR 5.9 million will be taken from the balance sheet profit for the
year 2011 of EUR 15.7 million and paid out to the shareholders of SHW AG today.
This is equivalent to a payout ratio of 34 percent.

All proposed resolutions of the administration were approved by a large majority
of the shareholders. The results of the votes on the individual agenda items of
the Annual General Meeting are published on the company's website at

*In the first three months of the previous year, EBIT was adjusted by IPO costs
and depreciation from the purchase price allocation of EUR 1.2 million.

About SHW
The enterprise was established in 1365, making it one of the oldest industrial
enterprises in Germany. Today, the SHW Group is a leading supplier for the
automotive industry with products that contribute to a reduction of fuel
consumption and consequently CO2 emissions. In its Pumps and Engine Components
business segment, the SHW Group develops and produces pumps for passenger
vehicles and truck and off-highway applications, e.g. trucks, farm and
construction vehicles, stationary motors and wind power stations. The Brake
Discs business segment develops and produces monobloc ventilated brake discs
made of cast iron and lightweight brake discs made from a combination of an iron
friction ring and an aluminium pot. Customers of the SHW Group include leading
producers of passenger cars and commercial vehicles with manufacturing
facilities in Europe and North America. The SHW Group has four manufacturing
sites in Germany, located in Bad Schussenried, Aalen-Wasseralfingen,
Tuttlingen-Ludwigstal and Neuhausen ob Eck. Via its 50 percent interest in the
Canadian company STT Technologies Inc., the company also has production sites in
Canada and Mexico. With more than 1,000 employees, the SHW Group generated
approx. EUR 360 million in sales in 2011. Further information is available at:

Future-oriented statements
This press release contains certain future-oriented statements that are based
upon current assumptions and forecasts made by the management of SHW AG. Various
known and unknown risks, uncertainties and other factors may lead to the actual
results, financial position, development or performance of the company deviating
considerably from the appraisals specified here. The company assumes no
obligation to update future-oriented statements of this nature or adapt them to
future events or developments.

This announcement does not constitute an offer to sell securities in the United
States of America, Canada, Australia, Japan or any other jurisdictional
territory where offers are subject to statutory restrictions. The securities
named in this announcement may only be sold or offered for sale in the United
States of America following their prior registration in accordance with the
provisions of the version of the US Securities Act of 1933 currently in force
(the "Securities Act") or, without prior registration, only on the basis of an
exemption. Unless provided for by certain exceptions within the Securities Act,
the securities named within this announcement may not be sold or offered for
sale in Australia, Canada or Japan, nor may they be sold or offered for sale to
or for account of residents of Australia, Canada or Japan. No registration of
the offer or sale of the securities named in this announcement will take place,
as stipulated by the relevant statutory provisions in Canada, Australia and
Japan. There is no public solicitation to buy securities in the United States of

Further inquiry note:
Michael Schickling
Head of Investor Relations & Corporate Communications
Telephone: +49 (0) 7361 502 462

end of announcement                               euro adhoc 

company:     SHW AG
             Wilhelmstrasse 67
             D-73433 Aalen
phone:       +49 7361 502-1
FAX:         +49 7361 502-674
sector:      Automotive Equipment
ISIN:        DE000A1JBPV9
stockmarkets: free trade: Düsseldorf, Stuttgart, regulated dealing/prime
             standard: Frankfurt 
language:   English

Weitere Meldungen: SHW AG

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