EANS-News: SHW AG: Dividend of EUR 1.00 per share decided by Annual General Meeting

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Annual & Special Corporate Meetings

Heidenheim (euro adhoc) – The first ordinary Annual General Meeting
of SHW AG, which was held in Heidenheim yesterday, met with great
interest on the part of the SHW shareholders, who represented 77.93
percent of the company’s share capital. In his speech, Dr. Wolfgang
Krause, CEO of SHW AG, looked back on a positive financial year 2011.
“The large number of production start-ups and customers’ stable
demand for our CO2-relevant vehicle components laid the foundation
for both Group sales and consolidated net income reaching new record

Group sales in the financial year 2011 improved by 24.2 percent to
EUR 360.6 million (previous year: EUR 290.3 million). Consolidated
net income for the year rose by 25.8 percent to EUR 17.0 million
(previous year: EUR 13.5 million). Group earnings before interest and
taxes (adjusted EBIT) were up by EUR 3.4 million on the previous year
to EUR 26.2 million.

The start into the new financial year has been no less promising.
Group sales improved by 13.6 percent to EUR 100.5 million in the
first quarter (previous year: EUR 88.5 million). In the January to
March period, Group earnings before interest and taxes were up by EUR
1.6 million on the previous year* to EUR 7.9 million. Net income for
the period rose by 70.5% to EUR 5.2 million (previous year: EUR 3.1
million). Demand for SHW products that help to reduce CO2 emissions
of motor vehicles continues to show a particularly positive trend.
“SHW is outstandingly positioned to benefit from the mega trend of
CO2 reduction also in future, which could clearly increase the value
of SHW AG in the long term,” Dr. Krause concluded.

Visitors had the opportunity to get a good idea of the company’s
innovative product portfolio in the entrance hall of the congress
centre. Three of the company’s latest development met with particular
interest: a camshaft phaser for diesel engines, an oil/vacuum pump
and a composite brake disc in a fascinating design (Wave-Disc).

The shareholders approved the proposal of the Management Board and
the Supervisory Board to distribute a dividend of EUR 1.00 per share.
Accordingly, an amount of EUR 5.9 million will be taken from the
balance sheet profit for the year 2011 of EUR 15.7 million and paid
out to the shareholders of SHW AG today. This is equivalent to a
payout ratio of 34 percent.

All proposed resolutions of the administration 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

*In the first three months of the previous year, EBIT was adjusted by
IPO costs and depreciation from the purchase price allocation of EUR
1.2 million.

About SHW The enterprise was established in 1365, making it one of
the oldest industrial enterprises in Germany. Today, the SHW Group is
a leading supplier for the automotive industry with products that
contribute 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, farm 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 producers of
passenger cars and commercial vehicles with manufacturing facilities
in Europe and North America. The SHW Group has four manufacturing
sites in Germany, located in Bad Schussenried, Aalen-Wasseralfingen,
Tuttlingen-Ludwigstal and Neuhausen ob Eck. Via its 50 percent
interest in the Canadian company STT Technologies Inc., the company
also has production sites in Canada and Mexico. With more than 1,000
employees, the SHW Group generated approx. EUR 360 million in sales
in 2011. Further information is available at: www.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

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.

Further inquiry note:
Michael Schickling
Head of Investor Relations & Corporate Communications
Telephone: +49 (0) 7361 502 462
Email: michael.schickling@shw.de

end of announcement euro adhoc

company: SHW AG
Wilhelmstrasse 67
D-73433 Aalen
phone: +49 7361 502-1
FAX: +49 7361 502-674
mail: ir@shw.de
WWW: http://www.shw.de
sector: Automotive Equipment
stockmarkets: free trade: Düsseldorf, Stuttgart, regulated dealing/prime
standard: Frankfurt
language: English

Quelle: http://www.presseportal.de/pm/83027/2254098/eans-news-shw-ag-dividend-of-eur-1-00-per-share-decided-by-annual-general-meeting/api