SHW AG reported earnings results for the first nine months of fiscal year 2015. The company achieved sales growth of 11.5% for a total of EUR 358.5 million compared to previous year EUR 321.4 million in the period from January to September 2015 with an average of 1,281 employees. In the first three quarters of 2015 adjusted Group earnings before interest, taxes, depreciation and amortization of tangible and intangible assets (adjusted EBITDA) increased only slightly from EUR 31.2 million to EUR 33.0 million due to delays in implementing the efficiency programmes in the Pumps and Engine Components business segment.

Based on the current forecast for 2015, the Company continues to expect Group sales in the order of EUR 470 million compared to previous year EUR 430 million. With the achievement of the planned sales growth, the Company currently expects to reach Group earnings before interest, taxes, depreciation and amortization (adjusted EBITDA) for fiscal year 2015 in the range of EUR 42 to EUR 46 million against previous projection EUR 46 million to EUR 50 million.