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BRIEF-SHW sees group sales in a range of EUR 620-650 million up until 2020
May 10, 2017 / 6:49 AM / 6 months ago

BRIEF-SHW sees group sales in a range of EUR 620-650 million up until 2020

May 10 (Reuters) - SHW AG:

* ANNUAL GENERAL MEETING RESOLVES DIVIDEND PAYMENT OF EUR 1.00 PER SHARE

* SIGNIFICANT IMPROVEMENT IN SALES AND MARGINS FROM 2018 ONWARDS

* GROUP SALES ARE TO BE INCREASED IN A RANGE OF EUR 620 MILLION TO EUR 650 MILLION IN PERIOD UP UNTIL 2020

* EBITDA MARGIN SHOULD INCREASE TO AT LEAST 12 PER CENT IN THE PERIOD UP UNTIL 2020

* FOR 2017 IS PLANNING CAPITAL EXPENDITURE OF SLIGHTLY ABOVE 7 PERCENT OF GROUP‘S SALES IN CONNECTION WITH ITS DEVELOPMENT OF NEW MARKETS IN CHINA, NORTH AMERICA AS WELL AS ESTABLISHMENT OF NEW PRODUCTION SITE IN ROMANIA

Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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