DGAP-News: FUCHS PETROLUB SE / Key word(s): Preliminary Results
FUCHS with provisional figures for the financial year 2014: Group
sales revenues increased to EUR 1.9 billion, previous year's record
earnings repeated
20.02.2015 / 07:00
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FUCHS with provisional figures for the financial year 2014: Group sales
revenues increased to EUR 1.9 billion, previous year's record earnings
repeated
- Sales revenues up 2% to EUR 1,866 million (currency adjusted +4%)
- Growth in all three global regions
- At EUR 313 million, earnings (EBIT) at the previous year's record level
- Proposed dividend of EUR 0.77 per preference share (+10%)
In the financial year 2014, FUCHS PETROLUB SE recorded Group sales revenues
of EUR 1,866 million. This represents growth of EUR 34 million or 2% over
the previous year's figures; when adjusted for currency effects, the
increase was just under 4%. FUCHS was also able to continue its organic
growth (+3%) in all three global regions in 2014. Acquisitions represent 1%
of the overall increase.
At EUR 313 million (312), earnings before interest and tax (EBIT) match the
previous year's record earnings. Earnings after tax are EUR 220 million,
following EUR 219 million in the previous year. The share buyback completed
in the first half of 2014 had a positive effect on earnings per share,
which increased by just under 3%. At the same time, the Group further
strengthened its balance sheet with free cash flow of EUR 188 million
(150).
Subject to a corresponding resolution being passed by the Supervisory Board
on March 23, 2015, the Executive Board of FUCHS PETROLUB SE intends to
propose a dividend of EUR 0.77 per preference share and EUR 0.76 per
ordinary share for the financial year 2014 to the Annual General Meeting
scheduled for May 6, 2015. This would represent an increase of 10%.
FUCHS anticipates further increases of both sales revenues and earnings for
the financial year 2015. This is based on forecasts for 2015 that indicate
stronger growth in the global economy than in the previous year.
FUCHS PETROLUB will publish the final figures for the financial year 2014
on March 24, 2015.
Group KPIs (1)
<pre>
Amounts in EUR million 2014 (2) 2013
Sales revenues 1,866 1,832
EBIT 313 312
Earnings after tax 220 219
Earnings per share in EUR
Ordinary share 1.57 1.53
Preference share 1.58 1.54
Dividends in EUR
Ordinary share 0.76 (3) 0.69
Preference share 0.77 (3) 0.70
Free cash flow 188 150
Employees as at December 31 4,112 3,888
</pre>
(1) Figures adjusted to include capital increases for reasons of
comparability
(2) Provisional figures
(3) Proposal of the Executive Board
Mannheim, February 20, 2015
FUCHS PETROLUB SE
Public Relations
Friesenheimer Str. 17
68169 Mannheim Germany
Tel: +49 (0)621 3802-1104
E-mail: tina.vogel@fuchs-oil.de
The information below can be accessed at the following web addresses:
Press release:
www.fuchs-oil.com
Press photos:
www.fuchs-oil.com/pressphotos1.html
Important note
This press release contains statements about future developments that are
based on assumptions and estimates by the management of FUCHS PETROLUB SE.
Even if the management is of the opinion that these assumptions and
estimates are accurate, future actual developments and future actual
results may differ significantly from these assumptions and estimates due
to a variety of factors. These factors can, for example, include changes in
the overall economic climate, changes in procurement prices, changes to
exchange rates and interest rates, and changes within the lubricants
industry. FUCHS PETROLUB SE provides no guarantee that future developments
and the results actually achieved in the future will match the assumptions
and estimates set out in this press release and assumes no liability for
such.
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20.02.2015 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: FUCHS PETROLUB SE
Friesenheimer Str. 17
68169 Mannheim
Germany
Phone: +49 (0)621 / 3802-0
Fax: +49 (0)621 / 3802-7190
E-mail: ir@fuchs-oil.de
Internet: www.fuchs-oil.de
ISIN: DE0005790430, DE0005790406
WKN: 579043, 579040
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart;
Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Munich
End of News DGAP News-Service
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325131 20.02.2015
DGAP-News: FUCHS with provisional figures for the financial year 2014: Group sales revenues increased to EUR 1.9 billion, previous year's record earnings repeated
| Source: EQS Group AG