The SHW share

    Reasons for an investment
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    3. Our share

    Key messages for Investors

    • Compelling growth prospects due to the internationalisation of the pump business and volume growth with lightweight composite brake discs
    • Product portfolio covers all powertrain concepts (including electric vehicles)
    • Development excellence supports future growth
    • Sustainably high profitability and stable cash flow
    • Very sound financial base opens up potential for acquisitions and associated growth
    • Experienced management team

    Business model addresses global megatrends

    Key information - SHW share

    Market Segment: Regulated Market (General Standard)
    SHW AG prepares und publishes solely Annual and Half-year financial reports.


    ISIN: DE000A1JBPV9

    Trading symbol: SW1

    Common Code: 063759236

    Type of shares: Ordinary bearer shares with no par value (no-par value shares)

    Number of shares: 6,436,209

    Bloomberg Code: SW1@GR

    Reuters Code: SW1.DE

    Stock Exchange: Frankfurt Stock Exchange

    Market Segment: Regulated Market (General Standard)

    Outlook 2018

    Due to the weakening demand for diesel vehicles, the shift to the new WLTP exhaust test cycle and the flatter start-up curves for various projects, SHW AG expects group sales for the full year 2018 to range between € 420 million and € 440 million (previous forecast € 450 million to € 470 million; previous year € 400.6 million). Sales of the Pumps and Engine Components business segment are anticipated to now lie in a range between € 315 million and € 330 million (previous forecast € 345 million to € 360 million; previous year € 305.9 million). For the Brake Discs business segment sales of € 105 million to € 110 million are forecast without change (previous year € 94.7 million). Prior to the non-recurring expenses described above,

    SHW expects an EBITDA margin of 9 per cent to 10 per cent (previous year 10.3 per cent) for fiscal year 2018. This corresponds to an EBITDA prior to non-recurring expenses in a range between € 37.8 million and € 44.0 million (previous forecast € 49.5 million to € 56.4 million – no non-recurring expenses; previous year € 41.3 million).


    InstituteAnalystRecommendationTarget priceDate
    Bankhaus LampeChristoph SchlienkampHold23 Euro30 Jan. 2019
    Kepler CheuvreuxMichael RaabReduce15 Euro 10 Jan. 2019

    Shareholder structure

    The shareholder structure of SHW AG - as defined by Deutsche Börse AG - is dominated by the anchor shareholder, Pankl SHW Industries AG who currently holds 50,21 per cent of the share capital.

    In addition to ARN International Holding GmbH (China), SHW shares are held by numerous other institutional investors.