SHW AG announced consolidated earnings results for the second quarter and six months ended June 2017. For the quarter, the company reported sales of EUR 98,390,000 compared to EUR 108,659,000 reported in the same period last year. EBITDA was EUR 9,627,000 against EUR 10,995,000 reported last year. EBIT was EUR 3,806,000 against EUR 4,746,000 reported last year. Net profit for the period was EUR 2,407,000 against EUR 3,228,000 reported last year. Cash flow from operating activities was EUR 7,861,000 against EUR 1,427,000 reported last year. Intangible assets and property, plant and equipment was EUR 5,720,000 against EUR 4,684,000 reported last year. Earnings per share come to EUR 0.84 compared to EUR 1.02 a year ago.

For the six months, the company reported sales of EUR 202,694,000 compared to EUR 215,263,000 reported in the same period last year. EBITDA was EUR 19,774,000 against EUR 21,755,000 reported last year. EBIT was EUR 8,278,000 against EUR 9,559,000 reported last year. Net profit for the period was EUR 5,380,000 against EUR 6,536,000 reported last year. Cash flow from operating activities was EUR 18,463,000 against cash flow used in operating activities of EUR 280,000 reported last year. Intangible assets and property, plant and equipment was EUR 14,515,000 against EUR 9,683,000 reported last year. Capital expenditure increased by almost 50% in the first half year.

For the year, the company expected based on the economic and industry environment and while considering the potential risks and opportunities for the full year 2017, the Management Board of SHW AG continues to expect Group sales in a range of EUR 400 million to EUR 420 million. Based on these assumptions, SHW continues to expect an EBITDA margin in a range of 10.0% to 11.0% (previous year 10.7%) for the full year.