Automotive component supplier SHW AG has published its preliminary figures for the first six months of the fiscal year 2016.
From January to June 2016, SHW AG reported group sales of €215.3 million (previous year €40.1 million). As well as the expected decline in sales in the Pumps and Engine Components business segment, sales in the Brake Discs business segment were depressed by weaker unit sales and lower scrap prices on account of reduced material surcharges, among other factors. The Powder Metallurgy segment closed the first half of 2016 with consolidated sales of €14.2 million (previous year €16.1 million). The Pumps and Engine Components business segment reported sales of €170.6 million in the first six months of 2016 (previous year €190.8 million), while sales in the Passenger Car division declined from €159.5 million to €141.8 million.
The company now expects group sales of between €410 million and €430 million for 2016 and 2017 (previously €440 million to €460 million each). It is forecasting sales for 2016 of between €320 million and €340 million in the Pumps and Engine Components business segment (previously €340 million to €360 million) and sales of around €90 million in the Brake Discs business segment (previous year €98 million), taking into account the lower material surcharges.
This story is reprinted from material from SHW, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.