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| Datum : | 12.05.2014 |
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DGAP-News: SHW AG: Dividend of EUR 1.00 per share decided by the Annual General Meeting |
| Meldung : | DGAP-News: SHW AG / Key word(s): AGM/EGM/Dividend SHW AG: Dividend of EUR 1.00 per share decided by the Annual General Meeting 12.05.2014 / 16:17 --------------------------------------------------------------------- PRESS RELEASE SHW AG: Dividend of EUR 1.00 per share decided by the Annual General Meeting Aalen, 12 May 2014. The Annual General Meeting of SHW AG, which was held in Heidenheim on 9 May 2014, met with great interest on the part of SHW shareholders, who represented 60.72 percent of the company's share capital. In his speech, Dr Thomas Buchholz, Chief Executive Officer of SHW AG, gave a positive summary on fiscal year 2013. "Despite the stagnating European vehicle production, we were able to accomplish our self-determined goals with regard to sales and adjusted Group earnings before interest, taxes, depreciation and amortization (adjusted EBITDA)." In fiscal year 2013, Group sales increased by 12.4 percent to EUR 365.6 million (prior year: EUR 325.4 million). Group earnings before interest, taxes and depreciation and amortisation (adjusted EBITDA) rose as compared to the prior year's EUR 33.9 million to EUR 35.7 million. At EUR 13.4 million, income after tax from continued operations was negatively impacted by significantly higher depreciation and therefore did not reach previous year's level of EUR 14.2 million. SHW continued its growth course in the first quarter 2014: Group sales rose by 23.9 percent to EUR 104.8 million (prior year: EUR 84.6 million). The major factors were successful new product launches and high customer orders. While last year's introduction of SAP had a considerable adverse effect on the Group's result of EUR 6.0 million, Group earnings before interest, taxes, depreciation and amortisation (adjusted EBITDA) improved to only EUR 8.8 million in the period from January to March 2014. Order intake in the first quarter 2014 increased by 13.9 percent on the prior year period to EUR 112.2 million (previous year: EUR 98.5 million). With a view to the future, Dr Thomas Buchholz emphasised: "With our innovative product portfolio we will decisively drive forward the globalisation of our business in North and South America as well as in China. At the same time, we will consistently implement the measures for the optimisation of the logistical and operational business processes at all of our sites." The shareholders approved the proposal of the SHW Board of Management and Supervisory Board to distribute a dividend of EUR 1.00 per share. Accordingly, out of the EUR 13.4 million income after taxes for fiscal year 2013, an amount of EUR 5.9 million will be paid to the shareholders of SHW AG today. This is equivalent to a payout ratio of 43.7 percent. All proposed resolutions of the Board of Management and the Supervisory Board were approved by a large majority of the shareholders. The results of the votes on the individual agenda items of the Annual General Meeting are published on the company's website at http://www.shw.de/cms/de/investor_relations/hauptversammlungen/hv_2014/. About SHW The business was established in 1365, making it one of the oldest industrial enterprises in Germany. Today, SHW AG is a leading automotive supplier with products that contribute substantially to a reduction of fuel consumption and consequently CO2 emissions. In its Pumps and Engine Components business segment, the SHW Group develops and produces pumps for passenger vehicles and truck and off-highway applications, e.g. trucks, agricultural and construction vehicles, stationary motors and wind farms, as well as engine components. The Brake Discs business segment develops and produces monobloc vented brake discs made of cast iron and lightweight brake discs made from a combination of an iron friction ring and an aluminium pot. Customers of the SHW Group include leading European and North American car manufacturers, manufacturers of commercial, construction and agricultural machinery and other automotive suppliers. The SHW Group currently has four manufacturing sites in Germany. These are located in Bad Schussenried, Aalen-Wasseralfingen, Tuttlingen-Ludwigstal and Neuhausen ob Eck. With just over 1,000 employees, the SHW Group generated sales from continuing operations in 2013 of 366 million euros. Further information is available at: www.shw.de Contact person Michael Schickling Head of Investor Relations & Corporate Communications SHW AG Telephone: +49 (0)7361 502 462 Email: michael.schickling@shw.de Future-oriented statements This press release contains certain future-oriented statements that are based upon current assumptions and forecasts made by the management of SHW AG. Various known and unknown risks, uncertainties and other factors may lead to the actual results, financial position, development or performance of the company deviating considerably from the appraisals specified here. The company assumes no obligation to update future-oriented statements of this nature or adapt them to future events or developments. Note This announcement does not constitute an offer to sell securities in the United States of America, Canada, Australia, Japan or any other jurisdictional territory where offers are subject to statutory restrictions. The securities named in this announcement may only be sold or offered for sale in the United States of America following their prior registration in accordance with the provisions of the version of the US Securities Act of 1933 currently in force (the "Securities Act") or, without prior registration, only on the basis of an exemption. Unless provided for by certain exceptions within the Securities Act, the securities named within this announcement may not be sold or offered for sale in Australia, Canada or Japan, nor may they be sold or offered for sale to or for account of residents of Australia, Canada or Japan. No registration of the offer or sale of the securities named in this announcement will take place, as stipulated by the relevant statutory provisions in Canada, Australia and Japan. There is no public solicitation to buy securities in the United States of America. End of Corporate News --------------------------------------------------------------------- 12.05.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------- Language: English Company: SHW AG Wilhelmstrasse 67 73433 Aalen-Wasseralfingen Germany Phone: +49 7361 502-1 Fax: +49 7361 502-674 E-mail: ir@shw.de Internet: www.shw.de ISIN: DE000A1JBPV9 WKN: A1JBPV Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 267903 12.05.2014 |
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