SHW AG reported final earnings results for the year 2013. For the year, the company reported sales of EUR 365,539,000 against EUR 325,373,000 for the same period in the last year. Due to new product launches, group sales improved by 12.4% although vehicle production in Europe stagnated at the prior year level. EBITDA was EUR 34,780,000 against EUR 32,346,000 for the same period in the last year. EBIT was EUR 20,607,000 against EUR 22,258,000 for the same period in the last year. Income after tax - continued operations was EUR 13,395,000 against EUR 14,238,000 for the same period in the last year. Income after tax from continued operations was negatively impacted by significantly higher depreciation and therefore did not reach previous year's. Net income was EUR 13,395,000 against EUR 46,096,000 for the same period in the last year. Earnings per share - continued operations were EUR 2.29 against EUR 2.43 for the same period in the last year. Earnings per share - continued and discontinued operations were EUR 2.29 against EUR 7.88 for the same period in the last year. Adjusted EBITDA was EUR 35,683,000 against EUR 33,871,000 for the same period in the last year. Adjusted EBIT was EUR 21,661,000 against EUR 23,943,000 for the same period in the last year.

The company announced revenue rising by 24.4% to EUR 66.9 million in the first two months of 2014 against EUR 53.8 million for the same period in the last year.

The Management Board expects group sales in the first quarter of 2014 to clearly exceed the EUR 84.6 million reported in the same quarter of the previous year and to be slightly higher than the EUR 96.7 million generated in the fourth quarter of 2013. Adjusted group earnings before interest, taxes, depreciation and amortisation (adjusted EBITDA) in the first quarter of 2014 should clearly exceed the adjusted EUR 6.0 million posted in the same quarter of the previous year and be slightly higher than the EUR 7.6 million reported in the previous quarter.

For the full year, the company expects an increase in 2014 revenue to be between EUR 380 million and EUR 400 million. If the planned sales growth is achieved, the company expects to reach adjusted group earnings before interest, taxes, depreciation and amortisation (adjusted EBITDA) of between EUR 38 million and EUR 40 million.