EANS-News: SHW AG generates sales at the upper end of the projected band width
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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annual result
Aalen (euro adhoc) - Group sales grow 2.5 percent to EUR 325 million between
January and December 2012
- Sales in the Pumps and Engine Components business segment
climb 5.7 percent to EUR 238 million
- Further growth planned for 2013
Aalen, 17 January 2013. SHW AG, one of the leading suppliers of CO2-relevant
pumps and engine components as well as brake discs, generated sales in financial
year 2012 at the upper end of the projected EUR 318 - 325 million band width.
According to preliminary calculations, consolidated sales from continuing
operations (excluding STT) improved by 2.5 percent to EUR 325 million.
Thanks to production start-ups and growing sales contributions from variable oil
pumps and start-stop pumps, the Pumps and Engine Components business segment
reported a 5.7 percent increase in sales to EUR 238 million (previous year: EUR
225 million). As expected, the Brake Discs business segment couldn't realize the
previous year's sales level of EUR 92.2 million and generated total sales of EUR
87 million.
"Despite the considerable decline in European vehicle production, we were able
to stay on our growth track and to reach the upper end of the target corridor
thanks to our CO2-relevant products and advantageous customer structure," says
CEO Dr. Wolfgang Krause, who is in charge of the Pumps and Engine Components
business segment. While the market conditions in Europe remain difficult, SHW
projects continued growth for the financial year 2013.
The preliminary key financial figures for the financial year 2012 are scheduled
to be published in the 6th or 7th calendar week 2013.
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. With more than 1,000 employees, the SHW Group
generated sales from continuing operations in 2012 of approx. EUR 325 million.
Further information is available at: www.shw.de
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.
Note
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
America.
Further inquiry note:
Michael Schickling
Head of Investor Relations & Corporate Communications
SHW AG
Telephone: +49 (0) 7361 502 462
Email: michael.schickling@shw.de
end of announcement euro adhoc
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company: SHW AG
Wilhelmstrasse 67
D-73433 Aalen
phone: +49 7361 502-1
FAX: +49 7361 502-674
mail: ir@shw.de
WWW: http://www.shw.de
sector: Automotive Equipment
ISIN: DE000A1JBPV9
indexes:
stockmarkets: free trade: Düsseldorf, Stuttgart, regulated dealing/prime
standard: Frankfurt
language: English