SHW AG reported unaudited earnings results for the full year of 2016. For the period, the Group sales came to EUR 405.8 million and were thereby down by 12% against the previous year of EUR 463.5 million. Net income for the year declined by almost 11% to EUR 12.8 million against the previous year of EUR 14.4 million, due to higher depreciation.

The Management Board of SHW expects Group sales of between EUR 400 million and EUR 420 million in the fiscal year 2017. The company expects an EBITDA margin of between 10.0% and 11.0% against the previous year of 10.7% for 2017 as a whole.