Ad-hoc disclosure pursuant to Article 17 of the European Market Abuse Regulation

Tue, 24 Jan 2017 11:10:10 +0100

SHW AG: Manufacturer of fully electric vehicles cancels major order

SHW AG / Key word(s): Miscellaneous

24-Jan-2017 / 11:10 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Publication of insider information according to Article 17 MAR
SHW AG: Manufacturer of fully electric vehicles cancels major order
Aalen, 24 January 2017

In September 2016, SHW Automotive GmbH, a wholly owned subsidiary of SHW AG, received an order from a manufacturer of fully electric vehicles as a system supplier of electric axle drive pumps, with a lifetime sales volume of approx. EUR 100 million (SHW ad hoc announcement of 30 September 2016). The manufacturer has today cancelled this order and requested SHW Automotive GmbH to cease its preparations for the start-up of series production.

As main reason for the cancellation, the manufacturer states the non- alignment of the technical specifications for the axle drive pumps with the requirements of the model in question.

SHW does not consider the reasons given by the manufacturer to be valid. SHW is therefore assessing the legal effectiveness of the order cancellation as well as its legal consequences and reserves the right to claim damages.

SHW continues to be confident of its ability to sustainably participate in the development of the electromobility market.



24-Jan-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de



   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: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart,                 Tradegate Exchange



     End of Announcement    DGAP News Service

Fri, 30 Sep 2016 10:50:18 +0200

SHW AG: First major order from world's leading manufacturer of fully electric vehicles SHW AG: First major order from world's leading manufacturer of fully electric vehicles


SHW AG  / Key word(s): Incoming Orders

30.09.2016 10:50

Disclosure of an inside information according to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Publication of an Insider Information in accordance with Article 17 MAR
SHW AG: First major order from world's leading manufacturer of fully electric vehicles

Aalen, 30. September 2016. SHW Automotive GmbH, a wholly owned subsidiary of SHW AG, has received a new order from the world's leading manufacturer of fully electric vehicles as a system supplier of electric axle drive pumps, with a lifetime sales volume of approx. EUR 100 million. Thereby SHW has succeeded in prevailing against strong international competition. As a manufacturer of hydraulic oil pumps, SHW AG has thus won the most important large-scale contract currently put out to tender for pump applications for fully electric vehicles. The start of production is currently scheduled for the first half of 2017. Based on current planning, the production is oriented on a period of at least 5 years. This contract represents SHW AG's entry into the market of purely electric vehicles.

30.09.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


 
Language:     English
Company:      SHW AG
              Wilhelmstrasse 67
              73433 Aalen
              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: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate               Exchange
 
End of Announcement DGAP News-Service  



Tue, 26 Jul 2016 19:28:08 +0200

SHW AG: Reduction of sales forecast for 2016 - operating profit for the year still within target range


SHW AG / Key word(s): Forecast/Change in Forecast
26.07.2016 19:28

Disclosure of an inside information according to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Aalen, Germany, 26 July 2016. Based on the current information regarding the expected business development in the third and fourth quarter of 2016, the Management Board of SHW AG has come to the conclusion that that the previous forecast for Group sales in the amount of EUR 440 million to EUR 460 million for the fiscal year 2016 can presumably no longer be achieved.
SHW is adjusting its sales forecast for 2016 and 2017 by around EUR 30 million to reflect the reticence currently shown by individual customers. SHW AG now expects Group sales of between EUR 410 million and EUR 430 million for 2016 and 2017 (previously EUR 440 million to EUR 460 million each). It is forecasting sales in 2016 of between EUR 320 million and EUR 340 million in its Pumps and Engine Components business segment (previously EUR 340 million to EUR 360 million) and sales of around EUR 90 million in its Brake Discs business segment (previous year EUR 98 million), taking into account lower material surcharges.

Despite the reduced sales forecast, the Company continues to expect a year- on-year improvement in the operating earnings margin and adjusted EBITDA at the lower end of the predicted EUR 43 million to EUR 47 million range in 2016. In particular, this reflects the positive effects of the implementation of the efficiency-boosting measures to improve business processes in both business segments.

Due to a number of major new orders and the successful development of product applications for battery-powered electric vehicles, the Company is confident of achieving the 2020 sales target of EUR 630 million to EUR 660 million as well as an EBITDA margin of at least 12 per cent.

26.07.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


 
Language:     English
Company:      SHW AG
              Wilhelmstrasse 67
              73433 Aalen
              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: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate               Exchange
 
End of Announcement DGAP News-Service  



Mon, 21 Sep 2015 16:23:41 +0200

SHW AG: SHW AG: Earnings expectations reduced for 2015; outlook 2016


SHW AG / Key word(s): Change in Forecast/Final Results
21.09.2015 16:23

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Aalen, 21 September 2015. Based on the current data concerning the Company's ongoing business development, the Management Board of SHW AG has come to the conclusion that the previous forecast for Group earnings before interest, taxes, depreciation and amortisation (adjusted EBITDA) in the amount of EUR 46 million to EUR 50 million for the 2015 fiscal year can presumably no longer be achieved.

The Management Board now expects Group earnings before interest, taxes, depreciation and amortisation (adjusted EBITDA) in Q3/2015 to be lower than the expected minimum level of EUR 11.5 million (Q3/2014: EUR 11.3 million). With Group sales expectations remaining unchanged at roughly EUR 470 million (2014: EUR 430 million), the Management Board now expects Group earnings before interest, taxes, depreciation and amortisation (adjusted EBITDA) for the fiscal year 2015 in the range of EUR 42 million to EUR 46 million (2014: EUR 40.6 million).

Assuming a continuous stable order situation and a steady industry environment, the Company expects a year-on-year decline in Group sales in fiscal year 2016 to a range of EUR 440 million to EUR 460 million and Group earnings before interest, taxes, depreciation and amortisation (adjusted EBITDA) of roughly EUR 43 million to EUR 47 million.

21.09.2015 The DGAP 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 502-674
E-mail:       ir@shw.de
Internet:     www.shw.de
ISIN:         DE000A1JBPV9
WKN:          A1JBPV  
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart  
End of Announcement DGAP News-Service  



Tue, 12 May 2015 09:40:39 +0200

SHW AG: Changes in the Management Board


SHW AG  / Key word(s): Change of Personnel

12.05.2015 09:40

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Aalen, 12 May 2015. Dr.-Ing. Frank Boshoff will become the new Chief Executive Officer of SHW AG with effect from 1 July 2015. He will take over from Dr.-Ing. Thomas Buchholz who has asked to leave the Company for personal reasons and will resign from the Management Board as of 30 June 2015 by mutual and amicable agreement with the Supervisory Board. This was resolved by the Company's Supervisory Board today.
With the appointment of Dr. Boshoff, who was most recently Chairman of the Management Board at KSM Castings Group GmbH, Hildesheim, SHW AG gains a proven industry expert with international management experience and particular expertise in the areas of operational excellence, lean manufacturing and the development of production locations overseas.

12.05.2015 The DGAP 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 502-674
E-mail:       ir@shw.de
Internet:     www.shw.de
ISIN:         DE000A1JBPV9
WKN:          A1JBPV  
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart  
End of Announcement DGAP News-Service  



Wed, 18 Feb 2015 09:11:08 +0100

SHW AG: SHW successfully completes cash capital increase and generates gross proceeds of c. EUR 24.6 million.


SHW AG  / Key word(s): Capital Increase

18.02.2015 09:11

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Ad-hoc announcement according to § 15 WpHG

SHW successfully completes cash capital increase and generates gross proceeds of c. EUR 24.6 million.

This information is neither indirectly nor directly destined for publication in the United States of America, Canada, Japan or Australia.
Aalen, Germany, 18 February 2015: Today, SHW AG (ISIN DE000A1JBPV9) has issued 585,109 new ordinary bearer shares (Inhaberaktien) following the resolution on a capital increase against cash contribution on 17 February 2015. The new shares were placed with institutional investors by way of an Accelerated Bookbuilt Offering. The shares were placed at a price of 42.00 Euro per share.

The issuance of 585,109 new shares took place as part of a capital increase under partial utilization of the authorised capital. The capital increase is expected to be recorded in the commercial register on 19 February 2015. Through the capital increase the company's share capital will increase from EUR 5,851,100.00 to EUR 6,436,209.00. Subscription rights for shareholders have been excluded. The new shares will carry full dividend rights as of January 1, 2014.

The company generates gross proceeds from the capital increase in the amount of approximately EUR 24.6 million. SHW AG will use the proceeds from the capital increase primarily to expand its capacity for the recently won serial supply contract for a global engine platform of a leading US OEM and for an accelerated international growth. The corresponding pumps will be produced in North America and China as well as in Europe and ensure SHW Group's international growth far into the next decade. Furthermore, SHW AG is currently in talks about additional Joint Ventures, inter alia, also for the Brake Disc business segment and assesses options for production expansion for the Pumps and Engine Components business segment in low-wage countries of Europe.

COMMERZBANK Aktiengesellschaft is acting as Sole Global Coordinator and together with UniCredit Bank AG as Joint Bookrunners in connection with the capital increase.

----------------------------------------------------
This announcement is for information purposes only and does neither constitute an offer to sell, purchase, exchange or transfer any securities nor a solicitation of any offer to sell, purchase, exchange or transfer any securities in the United States of America, Canada, Australia or Japan. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act.
Neither SHW AG (the "Issuer") nor any Joint Bookrunner intends to register any securities referred to herein under the Securities Act or with any securities regulatory authority of any state or other jurisdiction in the United States in connection with this announcement.
This document neither constitutes a prospectus nor an offer to sell or a solicitation of an offer to buy any securities. The Issuer does not intend to make any public offer of shares in SHW AG. No action has been taken by the Issuer or any Joint Bookrunner that would permit an offering of the shares or possession or distribution of this announcement or any other offering or publicity material relating to such securities in any jurisdiction where action for that purpose is required. Shares have only been placed with qualified investors in the Federal Republic of Germany and certain other jurisdictions and subsequently admitted to trading on the regulated market segment (regulierter Markt) of the Frankfurt Stock Exchange with simultaneous admission to the sub-segment of the regulated market with additional post-admission obligations (Prime Standard) of the Frankfurt Stock Exchange.

In any member states of the European Economic Area ("EEA"), this announcement and any offer if made subsequently is directed only at persons who are 'qualified investors' within the meaning of the Prospectus Directive (Directive 2003/71/EC) ("Qualified Investors").
The securities referred to herein may not be offered to the public in any jurisdiction in circumstances which would require the preparation or registration of any prospectus or offering document relating to the securities in such jurisdiction.

This announcement contains statements regarding future developments that are based on current evaluations and are made to the best knowledge of the management of SHW AG. Such statements with regard to future developments are subject to known and unknown risks, uncertainties and other factors that could cause the profit situation, profitability, value development or the performance of SHW AG to diverge from the profit situation, profitability, value development or performance that are expressly or implicitly assumed or described in the statements concerned. SHW AG has no obligation to update such statements regarding future developments or to accommodate such statements to future events and developments.

18.02.2015 The DGAP 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 502-674
E-mail:       ir@shw.de
Internet:     www.shw.de
ISIN:         DE000A1JBPV9
WKN:          A1JBPV  
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart  
End of Announcement DGAP News-Service  



Tue, 17 Feb 2015 18:27:11 +0100

SHW AG: SHW resolves cash capital increase to expand its capacity for the recently won serial supply contract for a global engine platform of a leading US OEM and for accelerated international growth


SHW AG  / Key word(s): Capital Increase

17.02.2015 18:27

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Ad-hoc announcement according to § 15 WpHG

SHW resolves cash capital increase to expand its capacity for the recently won serial supply contract for a global engine platform of a leading US OEM and for accelerated international growth

This information is neither indirectly nor directly destined for publication in the United States of America, Canada, Japan or Australia.
Aalen, Germany, February 17, 2015: Today, the management board of SHW AG (ISIN DE000A1JBPV9), with the approval of the supervisory board, resolved a capital increase against cash contribution through partial utilisation of its authorised capital. The share capital of the company will be increased from EUR 5,851,100.00 to up to EUR 6,436,209.00 by issuing up to 585,109 new ordinary bearer shares (Inhaberaktien) against cash contributions under the exclusion of the shareholders' subscription rights. The new shares will carry full dividend rights as of January 1, 2014.

The new shares will be offered to German as well as international institutional investors (excluding USA, Canada, Japan and Australia) by way of an Accelerated Bookbuilt Offering. The number of shares to be issued as well as the placement price will be determined directly after the Accelerated Bookbuilt Offering. The application for admission of the new shares to trading without a prospectus in the sub-segment of the regulated market with additional post-admission obligations (Prime Standard) on the Frankfurt Stock Exchange has been filed; the new shares are expected to be included in the existing quotation on 20 February 2015.
SHW AG will use the proceeds from the capital increase primarily to expand its capacity for the recently won serial supply contract for a global engine platform of a leading US OEM and for an accelerated international growth. The corresponding pumps will be produced in North America and China as well as in Europe and ensure SHW Group's international growth far into the next decade. Furthermore, SHW AG is currently in talks about additional Joint Ventures, inter alia, also for the Brake Disc business segment and assesses options for production expansion for the Pumps and Engine Components business segment in low-wage countries of Europe.
COMMERZBANK Aktiengesellschaft is acting as Sole Global Coordinator and together with UniCredit Bank AG as Joint Bookrunners in connection with the capital increase.

----------------------------------------------------
This announcement is for information purposes only and does neither constitute an offer to sell, purchase, exchange or transfer any securities nor a solicitation of any offer to sell, purchase, exchange or transfer any securities in the United States of America, Canada, Australia or Japan. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act.
Neither SHW AG (the "Issuer") nor any Joint Bookrunner intends to register any securities referred to herein under the Securities Act or with any securities regulatory authority of any state or other jurisdiction in the United States in connection with this announcement.
This document neither constitutes a prospectus nor an offer to sell or a solicitation of an offer to buy any securities. The Issuer does not intend to make any public offer of shares in SHW AG. No action has been taken by the Issuer or any Joint Bookrunner that would permit an offering of the shares or possession or distribution of this announcement or any other offering or publicity material relating to such securities in any jurisdiction where action for that purpose is required. It is intended to place the shares only with qualified investors in the Federal Republic of Germany and certain other jurisdictions and subsequently admit such shares to trading on the regulated market segment (regulierter Markt) of the Frankfurt Stock Exchange with simultaneous admission to the sub-segment of the regulated market with additional post-admission obligations (Prime Standard) of the Frankfurt Stock Exchange.

In any member states of the European Economic Area ("EEA"), this announcement and any offer if made subsequently is directed only at persons who are 'qualified investors' within the meaning of the Prospectus Directive (Directive 2003/71/EC) ("Qualified Investors").
The securities referred to herein may not be offered to the public in any jurisdiction in circumstances which would require the preparation or registration of any prospectus or offering document relating to the securities in such jurisdiction.

This announcement contains statements regarding future developments that are based on current evaluations and are made to the best knowledge of the management of SHW AG. Such statements with regard to future developments are subject to known and unknown risks, uncertainties and other factors that could cause the profit situation, profitability, value development or the performance of SHW AG to diverge from the profit situation, profitability, value development or performance that are expressly or implicitly assumed or described in the statements concerned. SHW AG has no obligation to update such statements regarding future developments or to accommodate such statements to future events and developments.

17.02.2015 The DGAP 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 502-674
E-mail:       ir@shw.de
Internet:     www.shw.de
ISIN:         DE000A1JBPV9
WKN:          A1JBPV  
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart  
End of Announcement DGAP News-Service  



Thu, 23 May 2013 17:41:08 +0200

SHW AG: Dr. Thomas Buchholz appointed as new CEO of SHW AG


SHW AG  / Key word(s): Change of Personnel

23.05.2013 17:41

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.


Ad hoc announcement pursuant to Section 15 of the German Securities Trading Act

Dr. Thomas Buchholz appointed as new CEO of SHW AG
Aalen, 23 May 2013 - Dr. Buchholz will be the new CEO of SHW AG. He was appointed by the supervisory board as member of the Company's management board today with effect as of August 1, 2013. Dr. Buchholz joins SHW AG from TI Automotive (Heidelberg) GmbH where he has served as managing director since 2008. The TI Automotive Group is a leading provider of storage, delivery and carrying systems for brake fluids, fuels and air-conditioning systems. Previously, Dr. Buchholz worked in various executive positions within the engineering and automobile supplier industry.


23.05.2013 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@shw.de
Internet:     www.shw.de
ISIN:         DE000A1JBPV9
WKN:          A1JBPV  
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr               in Berlin, Düsseldorf, Stuttgart
 
End of Announcement DGAP News-Service  



Tue, 30 Apr 2013 19:51:50 +0200

SHW AG: CEO Dr. Wolfgang Krause leaves SHW AG


SHW AG / Key word(s): Change of Personnel/Change of Personnel
30.04.2013 19:51

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.


Ad hoc announcement pursuant to Section 15 of the German Securities Trading Act

SHW AG: CEO Dr. Wolfgang Krause leaves SHW AG

Aalen, 30 April 2013 - Dr. Wolfgang Krause, CEO of SHW AG, will leave the Company by mutual consent by the end of the month. This was agreed upon by the supervisory board and the CEO today. Dr. Krause has been the chairman of the company's management board since 2008 and, following the listing of the company in July 2011, the Company's CEO.

Mr. Andreas Rydzewski, who has been a member of the Company's management board for many years, will act as interim CEO until Dr. Krause's successor takes office.

Contact person
Michael Schickling
Head of Investor Relations & Corporate Communications SHW AG
Telephone: +49 (0) 7361 502 462
Email: michael.schickling@shw.de

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.

30.04.2013 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@shw.de
Internet:     www.shw.de
ISIN:         DE000A1JBPV9
WKN:          A1JBPV  
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr               in Berlin, Düsseldorf, Stuttgart
 
End of Announcement DGAP News-Service