SHW AG Reports Group Earnings Results for the First Quarter of 2016; Provides Earnings Guidance for the Year 2016
For 2016, the company continues to expect adjusted EBITDA of between EUR 43 million and EUR 47 million. In particular, this reflects the positive effects of the implementation of the group's productivity-boosting measures in its two business segments. The company expects group sales of between EUR 440 million and EUR 460 million for 2016. It is forecasting sales of between EUR 340 million and EUR 360 million in its Pumps and Engine Components business segment and sales close to the previous year's level in its Brake Discs business segment, assuming similar scrap prices.