EANS-News: SHW AG: dividend payment of EUR 1.00 per share
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Annual Reports Aalen (euro adhoc) - Group sales grow 24.2 percent in FY 2011 to EUR 360.6 million - Net income for the year climbs 25.8 percent to EUR 17.0 million - Sales up by 17.9 percent in first two months of 2012 Aalen, 27 March 2012. SHW AG, a leading supplier of CO2-relevant pumps and engine components as well as brake discs, today published the Annual Report with the final figures for the year 2011. Both Group sales and consolidated net income for the year reached new record levels. The Pumps and Engine Components business segment was the main driver. Group sales increased by 24.2 percent to EUR 360.6 million in 2011. Net income for the year climbed from EUR 13.5 million to EUR 17.0 million. Earnings per share amounted to EUR 2.93, compared to EUR 2.46 in the year 2010. "Together with the Supervisory Board, we will therefore propose a dividend of EUR 1.00 per share to the Annual General Meeting," said CEO Dr. Wolfgang Krause. This represents a dividend yield of 3.9 percent. Sound financial profile continues to improve "Reflecting the positive earnings performance, the financial profile of the SHW Group continued to improve," said SHW CFO Oliver Albrecht. The equity ratio climbed from 23.9 percent to 31.7 percent. At 30.2 percent, the return on capital employed (ROCE) exceeded the industry average and the cost of capital. Net liabilities to banks were reduced from EUR 13.4 million in 2010 to EUR 8.6 million at the end of 2011. Above-average growth targeted also for 2012 As had been expected, the high level of incoming orders in Q4 2011 translated into good sales at the beginning of the year. Group sales increased by 17.9 percent in the first two months of 2012 to EUR 65.0 million, with the Pumps and Engine Components business segment making a major contribution. "It remains difficult to assess the impact of the sovereign debt crisis on consumer behaviour in our two main markets, Europe and North America," said Dr. Wolfgang Krause. "In view of the many production start-ups, we are confident, however, that we will again outgrow the market in 2012." "Against this background, we currently believe Group sales to reach between EUR 365 million and EUR 390 million," said Oliver Albrecht. The guidance for the full year will be put into more precise terms in the interim report for the first six months. The interim report for the first quarter of 2012 will be published on 8 May 2012. The Annual General Meeting will be held in Heidenheim on 15 May 2012. 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 60 million in sales in 2011. 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 -------------------------------------------------------------------------------- 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
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