SHW AG Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 2017; Provides Earnings Guidance for the Year 2017
For the nine months, the company reported sales of EUR 300,333,000 against EUR 312,219,000 a year ago. EBITDA was EUR 30,251,000 against EUR 32,469,000 a year ago. EBIT was EUR 12,787,000 against EUR 14,126,000 a year ago. Net profit for the period was EUR 8,304,000 against EUR 9,907,000 a year ago. Cash flow from operating activities was EUR 19,088,000 against EUR 2,913,000 a year ago.
Based on the economic and industry environment and while considering the potential risks and opportunities for the full year 2017, the Management Board of the company continues to expect Group sales in a range of EUR 400 million to EUR 420 million. Based on these assumptions, the company continues to expect an EBITDA margin in a range of 10.0% to 11.0% for the full year 2017.