EANS-News: SHW AG
Continuing strong growth for SHW AG
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Financial Figures/Balance Sheet/Revenues and orders Aalen (euro adhoc) - With revenues up by 24 percent, fiscal year 2011 even exceeds the good previous year (+ 23 percent) - Group revenues climb to roughly EUR 360 million for the January and December period 2011 - High order intake supports good start into the financial year 2012 Aalen, Germany, 11 January 2012. Following a strong performance in the fourth quarter 2011, SHW AG, a leading supplier of CO2-relevant pumps and engine components as well as brake discs, achieved a new record high in terms of sales. According to preliminary figures, Group revenues rose by 24 percent to roughly EUR 360 million (previous year: EUR 290 million). Therewith SHW could boost its revenues by more than a half in the past two years. This increase is attributable to a large number of production start-ups and the sales growth achieved by the company´s customers. "The fourth quarter of 2011 saw very dynamic growth in incoming orders as well. With this tailwind we can make a good start into the first quarter of 2012," said Dr. Wolfgang Krause, CEO of SHW AG. "We are well positioned for the future, as our products essentially contribute to the necessary reduction of CO2 emissions of motor vehicles". Detailed information on the fiscal year 2011 will be published on 27 March 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 360 million in revenues 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: regulated dealing/prime standard: Frankfurt, free trade: Stuttgart, Düsseldorf language: English
Original-Content von: SHW AG, übermittelt durch news aktuell