DGAP-News: SHW AG reports very pleasing development in sales and order intake for the second quarter of 2013
(firmenpresse) - DGAP-News: SHW AG / Key word(s): Preliminary Results/Quarter Results
SHW AG reports very pleasing development in sales and order intake for
the second quarter of 2013
04.07.2013 / 07:44
---------------------------------------------------------------------
PRESS RELEASE
SHW AG reports very pleasing development in sales and order intake for the
second quarter of 2013
- Group sales [1] up by 7.1% to EUR 91.6 million in Q2
- At EUR 96.8 million, order intake increased by 11.8% compared to the
same quarter of the previous year
- Margin improvement [2] expected for Q2 compared to Q1 2013
Aalen, 4 June 2013. Today, SHW AG, one of the leading automotive suppliers
of CO2-relevant pumps and engine components, as well as brake discs,
published its provisional sales and order intake figures for the second
quarter and first half-year of 2013.
The business development during the second quarter of 2013 was once again
marked by the ongoing difficult market environment in Europe. Nevertheless,
as a result of new product launches and a shift of the product mix towards
more complex pumps, SHW AG was able to continue to uncouple from the
negative market trend, achieving Group sales of EUR 91.6 million which is
equivalent to a 7.1% rise in sales.
In the second quarter of 2013 sales in the Pumps and Engine Components
business segment were up by 8.7% compared to the previous year to EUR 68.3
million (2012: EUR 62.9 million) due to new product launches and an
increasing demand for gearbox and variable oil pumps.
Sales in the Brake Discs business segment rose by 2.7 per cent in the
second quarter of 2013 to EUR 23.3 million (2012: EUR 22.7 million) as a
result of a significant increase in sales of composite brake discs compared
to the same period in the previous year.
Pleasing development in order intake
Development in order intake remained very positive. At Group level, the
company was able to record an increase in order intake of 11.8% to EUR 96.8
million for the second quarter of the year, with order intake for the Pumps
and Engine Components business segment rising by 14.1% to EUR 73.2 million
and the Brake Discs business segment recording an increase of 5.2% to EUR
23.5 million.
Management team further strengthened
Besides the appointment of Dr Thomas Buchholz as the new CEO, SHW has
managed to further strengthen the management team of the Pumps and Engine
Components business segment. The company was able to acquire Mr Erwin
Gößwein, the new Head of Passenger Cars as of 1 July 2013 from ixetic GmbH,
a subsidiary of Magna Powertrain, one of SHW's major competitors on the
market. Mr Peter Klomann, another former ixetic manager joined the company
as Head of Quality Management for the Pumps and Engine Components business
segment as of 1 June 2013.
Margin improvement expected for the second quarter compared to the first
quarter of 2013
During the second quarter of this year SHW has managed to get the problems
associated with last year's launch of an oil/vacuum pump more or less under
control. Consequently, no further exceptional charges worth mentioning
occurred.
The two product launches in the Passenger Car division (variable oil pump
with balancer shaft unit, gearbox pump) during the first half-year of 2013
proceeded consistently stable and on schedule.
SHW is planning to launch two further oil/vacuum pumps over the next six
monthswhich will be used in new 3-cylinder engines of two well-known
European automobile manufacturers, meaning that SHW will be able to expand
its leading technology position with these complex engine oil pumps
further.
Very good progress has been made during the second quarter of the year in
stabilising the SAP software which was introduced at the turn of the year.
Here, too, no further exceptional charges occurred in the second quarter of
2013.
Overall, the Management Board is expecting an improvement in the EBITDA
margin for the second quarter 2013 compared to the 9.4%, the figure
recorded for the first quarter of the year.
The final key financial figures for the first six months of 2013 will be
published on 6 August.
___
[1] STT Technologies Inc., which until the end of October 2012 had been
included in the consolidation on a pro-rata basis, has now, further to its
sale, been classified as a 'discontinued operation' within the meaning of
IFRS 5. Sales and orders for the second quarter and first six months of
2012 were adjusted accordingly.
[2] Sales in relation to Group earnings before interest, taxes and
depreciation of tangible assets and amortisation of intangible assets
(adjusted EBITDA): Q2/2013: EUR 0.7 million one-off costs as a result of
changes to the management board.
___
About SHW
The enterprise 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 cars and truck and off-highway applications, e.g. trucks,
agricultural and construction vehicles, stationary motors and wind power
stations. The Brake Discs business segment develops and produces monobloc
ventilated 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 automobile
manufacturers, manufacturers of commercial, construction and agricultural
vehicles and other automotive suppliers. The SHW Group currently has four
manufacturing sites in Germany, located in Bad Schussenried,
Aalen-Wasseralfingen, Tuttlingen-Ludwigstal and Neuhausen ob Eck. With
slightly more than 1,000 employees, the SHW Group generated sales from
continuing operations in 2012 of EUR 325 million. 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(at)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 orJapan. 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
---------------------------------------------------------------------
04.07.2013 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.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: SHW AG
Wilhelmstrasse 67
73433 Aalen-Wasseralfingen
Germany
Phone: +49 7361 502-1
Fax: +49 7361 502-421
E-mail: info(at)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
---------------------------------------------------------------------
219783 04.07.2013
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 04.07.2013 - 07:44 Uhr
Sprache: Deutsch
News-ID 275647
Anzahl Zeichen: 10829
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 357 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: SHW AG reports very pleasing development in sales and order intake for the second quarter of 2013"
steht unter der journalistisch-redaktionellen Verantwortung von
SHW AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
