SHW AG reported group earnings results for the first half year ended June 30, 2015. For the period, with the continued high level of customer call orders, the company increased its sales by 13.2% to EUR 240.1 million compared to previous year EUR 212.1 million. Adjusted Group earnings before interest, taxes, depreciation and amortisation of tangible and intangible assets (adjusted EBITDA) increased from EUR 19.9 million to EUR 23.0 million in the January to June 2015 period. Net income for the period improved 33.6%, or EUR 2.4 million, in the first half to EUR 9.6 million compared to previous year EUR 7.2 million.

The company revised earnings guidance for the year 2015. Based on the half-year financial figures, the company now expects Group sales in the order of EUR 470 million compared to previous forecast of EUR 460 million. With the achievement of planned sales growth, the company continues to expect to reach adjusted Group earnings before interest, taxes, depreciation and amortisation (adjusted EBITDA) in the order of EUR 46 million to EUR 50 million in 2015. The degree of target achievement will depend on the accelerated implementation of the efficiency programmes in the Pumps and Engine Components business segment.