June 27, 2017 / 6:28 AM / 2 months ago

BRIEF-SHW AG: management board does not consider Pierer Industrie's bid price to be appropriate

June 27 (Reuters) - SHW AG:

* MANAGEMENT BOARD DOES NOT CONSIDER THE BID PRICE ANNOUNCED BY PIERER INDUSTRIE AG TO BE APPROPRIATE

* ‍BASED ON ITS "SHW 2020" STRATEGY, SHW AG IS PROJECTING A SUBSTANTIAL SALES AND EARNINGS BOOST FROM 2018 ONWARDS​

* ‍IN PERIOD TO 2020 SALES ARE EXPECTED TO RISE BY APPROXIMATELY 50 PER CENT FROM 2017 BASELINE AND A SIGNIFICANT IMPROVEMENT IS EXPECTED IN BOTH MARGINS AND EARNINGS​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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