DGAP-News: FUCHS PETROLUB SE / Key word(s): Half Year Results
FUCHS records sales revenues of EUR 1 billion for the first time in
the first six months of the year
04.08.2015 / 07:00
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FUCHS records sales revenues of EUR 1 billion for the first time in the
first six months of the year
- Sales revenues up 10% to EUR 1 billion (currency adjusted +2%)
- Earnings (EBIT) increase by 13% to EUR 172 million
- Positive outlook for the financial year reaffirmed
The first six months of 2015 at a glance
<pre>
Amounts in EUR million H1 2015 H1 2014 Dev. %
Sales revenues (1) 1,007.6 919.3 9.6
Europe 571.2 561.0 1.8
Asia-Pacific, Africa 302.2 246.1 22.8
North and South America 176.1 153.3 14.9
Consolidation -41.9 -41.1
Earnings before interest and tax (EBIT) 171.6 151.2 13.5
Earnings after tax 118.8 105.4 12.7
Earnings per share
Ordinary share 0.85 0.75 13.3
Preference share 0.86 0.76 13.2
Free cash flow 75.2 44.9 67.5
Investments in long-term assets 16.0 15.1 6.0
Employees as at June 30 4,158 3,992 4.2
</pre>
(1) By company location
Performance
The globally operating lubricant producer FUCHS PETROLUB SE generated sales
revenues of EUR 1 billion (919 million) in the first half of 2015, thus
representing an increase of 10%. Adjusted for currency effects, sales
revenues increased by 2%. Organic sales revenues grew by 1%.
Earnings before interest and tax (EBIT) increased by EUR 20 million or 13%
to EUR 172 million (151). At the same time earnings after tax rose by EUR
13 million or 13% to EUR 119 million (105). Earnings per share are EUR 0.85
(0.75) per ordinary share and EUR 0.86 (0.76) per preference share.
Free cash flow reached a value of EUR 75 million (45).
The acquisitions of Deutsche Pentosin-Werke GmbH and Statoil Fuel & Retail
Lubricants Sweden AB had no effect on the half-year financial statements
2015.
Capital expenditures
In the period under review, EUR 16 million (15) were invested in property,
plant and equipment. Around half of all investments were made in Germany.
Further focuses included the US and China. Appreciable investments are
scheduled for the second half of the year in Australia, the US and Germany.
Employees
The Group employed 4,158 (3,992) employees worldwide as at June 30, 2015.
Compared with the 4,112 employees recorded at the end of the previous year,
this represents an increase of 46 people.
Outlook
The FUCHS PETROLUB Group remains committed to its forecast, based on which
organic sales revenues are likely to remain at or slightly above the
previous year's level. Added to this is external growth in the
mid-single-figure percentage range resulting from acquisitions. Should the
euro remain weak, EBIT and earnings after tax are set to record a higher
single-figure percentage increase. In terms of free cash flow, the Group
continues to anticipate the amount to once again exceed EUR 150 million
before capital expenditure in connection with acquisitions.
Mannheim, August 4, 2015
FUCHS PETROLUB SE
Public Relations
Friesenheimer Str. 17
68169 Mannheim
Tel: +49 621 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
Interim report as at June 30, 2015:
www.fuchs-oil.com/ir_sixmonths.html
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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04.08.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
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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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383221 04.08.2015
DGAP-News: FUCHS records sales revenues of EUR 1 billion for the first time in the first six months of the year
| Source: EQS Group AG