SHW AG Announces Group Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Confirms Earnings Guidance for the Full Year 2014
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.