EANS-News: SHW AG Continuing strong growth for SHW AG
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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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
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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: regulated dealing/prime standard: Frankfurt, free trade: Stuttgart,
Düsseldorf
language: English