SHW AG Reports Sales Results for the Fourth Quarter and Full Year of 2013; Provides Earnings Guidance for Fiscal Year 2013
For the year, the group sales were up by 12.2% from EUR 325.4 million to EUR 365.0 million. Sales in the Pumps and Engine Components business segment rose by 15.1% to EUR 273.8 million - mainly as a result of product launches(previous year: EUR 237.9 million). Sales in the Brake Discs business segment increased by 4.2% to EUR 91.2 million (2012: EUR 87.5 million), primarily due to a significant rise in sales of composite brake discs compared to the same period in the previous year.
The company confirms the earnings forecast for fiscal year 2013 from the nine-month report and is continuing to anticipate adjusted Group earnings before interest, tax, depreciation and amortisation (EBITDA adjusted) in the range of between EUR 35 million and EUR 38 million.