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Auto, Truck & Motorcycle Parts

Page 3

SHW FY sales down 12 pct at 405.8 million euros

Friday, 24 Mar 2017 02:24am EDT

SHW AG : Dividend proposal: 1.00 euro per share . Significant improvement in sales and margins from 2018 . Based on expected economic and industry environment and while considering potential risks and opportunities, management board of SHW expects group sales of 400 million to 420 million euros in fiscal year 2017 . Expects an EBITDA margin of 10.0 percent to 11.0 percent (previous year 10.7 percent) for fiscal year 2017 as a whole . FY group sales came to 405.8 million euros ($436.92 million)and were thereby down by 12 percent (previous year 463.5 million euros) . From 2018 onwards, company once again expects a significant increase in sales and earnings . Within scope of its "SHW 2020" strategy, sales are to be increased to 620 million to 650 million euros in period up until 2020 . At 43.6 million euros, FY EBITDA adjusted were slightly higher than previous year's result of 43.5 million euros . From 2018 company plans to reduce capital expenditure to a level of between approx. 5 and 6 per cent of group sales .FY groups' net profit declined by almost 11 per cent to 12.8 million euros (previous year 14.4 million euros) due to higher depreciation.

Sanoh Industrial names Genya Takeda as president

Friday, 24 Mar 2017 02:02am EDT

Sanoh Industrial Co Ltd <6584.T>:Says it names Genya Takeda as president, effective June 21.

Blue Solutions net result group share turns to loss od 0.1 million euros

Thursday, 23 Mar 2017 02:19pm EDT

Blue Solutions SA : FY net loss group share EUR 0.1 million ($107,790.00) versus profit of EUR 0.02 million in 2015 . FY operating loss EUR 0.4 million versus profit of EUR 3 million in 2015 . FY EBITDA EUR 18 million, down 15% . FY turnover EUR 109 million, down 10% . Bolloré offers Blue Solutions' shareholders to acquire their shares at a price of EUR 17 per share . Bollore will file tender offer with French market authority (AMF) by end of first semester of 2017 .Bolloré specifies that it does not have intention to implement a squeeze-out procedure once this tender offer is completed.

Haldex proposes Jorgen Durban as Chairman of Board

Thursday, 23 Mar 2017 08:40am EDT

Haldex AB : Says proposes Jorgen Durban be newly elected chairman of board . Says proposes Goran Carlson, Magnus Johansson and Annika Sten Parson to be re-elected and that Ulf Ahlén, Jörgen Durban and Johan Gileus be newly elected members of the board .Says Staffan Jufors, Anders Nielsen and Carina Olson have declined re-election.

Haldex proposes Jorgen Durban as Chairman of Board

Thursday, 23 Mar 2017 08:40am EDT

Haldex AB : Says proposes Jorgen Durban be newly elected chairman of board . Says proposes Goran Carlson, Magnus Johansson and Annika Sten Parson to be re-elected and that Ulf Ahlén, Jörgen Durban and Johan Gileus be newly elected members of the board .Says Staffan Jufors, Anders Nielsen and Carina Olson have declined re-election.

Xpel Technologies and 3M Co report settlement agreement in patent infringement lawsuit

Thursday, 23 Mar 2017 08:30am EDT

Xpel Technologies Corp : Xpel Technologies Co and 3M company, today announced they have reached a settlement agreement in a patent infringement lawsuit . Under terms of settlement, Xpel will acquire a license to united states patent no. 8,765,263 . 3M and Xpel have agreed to dismiss lawsuit "without prejudice" .The patent infringement lawsuit was filed by 3M Company and 3M innovative properties company on December 30, 2015.

Changchun Faway Automobile's 2016 net profit up 0.5 pct

Thursday, 23 Mar 2017 08:01am EDT

Changchun Faway Automobile Components Co Ltd <600742.SS> :Says 2016 net profit up 0.5 percent y/y at 427.3 million yuan ($62.05 million).

Rheinmetall says to raise dividend for 2016 to 1.45 euros

Thursday, 23 Mar 2017 05:12am EDT

Rheinmetall : Says sees 2017 operating margin at prior year level of 6.3 percent . Says sees revenue growth of between 4 percent and 5 percent in 2017 .Says to raise dividend for 2016 to 1.45 euros, up from 1.10 euros a year earlier.

Superior Industries to acquire of Germany-based Uniwheels Ag

Thursday, 23 Mar 2017 04:15am EDT

Superior Industries International Inc : Superior Industries announces transformative acquisition of Germany-based Uniwheels Ag . aggregate equity purchase price is anticipated to be approximately $715 million. . Says will commence a tender offer for 100% of outstanding shares of Uniwheels Ag on March 23, 2017 . transaction will be funded through a combination of debt, preferred equity, and balance sheet cash . under terms,Uniwheels Malta will receive cash consideration of 226.5zl per share upon close of tender offer . preferred equity will be purchased by TPG Growth; transaction approved by boards of directors of co, Uniwheels Malta . Uniwheels public shareholders will receive cash consideration of approximately 236zl per share . following deal anticipates that it will reduce its annual dividend from $0.72 per share to $0.36 per share .debt financing will be provided by consortium of banks including Citibank Na, JP Morgan, Royal Bank Of Canada.

Superior Industries to acquire of Germany-based Uniwheels Ag

Thursday, 23 Mar 2017 04:15am EDT

Superior Industries International Inc : Superior Industries announces transformative acquisition of Germany-based Uniwheels Ag . aggregate equity purchase price is anticipated to be approximately $715 million. . Says will commence a tender offer for 100% of outstanding shares of Uniwheels Ag on March 23, 2017 . transaction will be funded through a combination of debt, preferred equity, and balance sheet cash . under terms,Uniwheels Malta will receive cash consideration of 226.5zl per share upon close of tender offer . preferred equity will be purchased by TPG Growth; transaction approved by boards of directors of co, Uniwheels Malta . Uniwheels public shareholders will receive cash consideration of approximately 236zl per share . following deal anticipates that it will reduce its annual dividend from $0.72 per share to $0.36 per share .debt financing will be provided by consortium of banks including Citibank Na, JP Morgan, Royal Bank Of Canada.

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