SHW AG announced group earnings results for the third quarter and nine months ended September 30, 2014. For the period, sales increased by 19.5% to EUR 321.4 million against EUR 269.0 million a year ago. The strong sales growth was due to successful new product launches and a high level of customer call orders. Earnings before interest, taxes, depreciation and amortization of tangible and intangible assets (adjusted EBITDA) improved in light of this from EUR 28.1 million to EUR 29.4 million compared to the same period in the previous year. EBITDA was EUR 29,397,000 compared to EUR 27,222,000 a year ago. EBIT was EUR 16,063,000 compared to EUR 17,064,000 a year ago. Net income was EUR 10,987,000 compared to EUR 11,488,000 a year ago. Adjusted EBIT was EUR 16,176,000 compared to EUR 18,080,000 a year ago.

For the quarter, the company reported sales of EUR 109,354,000 compared to EUR 92,612,000 a year ago. EBITDA was EUR 10,387,000 compared to EUR 11,073,000 a year ago. EBIT was EUR 5,546,000 compared to EUR 7,351,000 a year ago. Net income was EUR 3,790,000 compared to EUR 4,888,000 a year ago. Adjusted EBITDA was EUR 10,387,000 compared to EUR 11,073,000 a year ago. Adjusted EBIT was EUR 5,584,000 compared to EUR 7,388,000 a year ago.

Based on the nine-month figures, the Management Board has left its outlook for 2014 unchanged. Assuming a continued stable order situation, the company continues to expect Group sales in fiscal year 2014 to be in the range of EUR 390 million to EUR 415 million. With the achievement of the sales growth planned, the company continues to expect adjusted earnings before interest, taxes, depreciation and amortisation (adjusted EBITDA) in the order of EUR 39 million to EUR 41.5 million in 2014.