SHW AG Reports Group Earnings Results for the First Half Year Ended June 30, 2015; Revises Earnings Guidance for the Year 2015
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.