DGAP-News: FUCHS increases sales revenues and earnings - outlook remains unchanged


DGAP-News: FUCHS PETROLUB SE / Key word(s): Quarterly / Interim Statement
FUCHS increases sales revenues and earnings - outlook remains unchanged

29.04.2016 / 07:00
The issuer is solely responsible for the content of this announcement.

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FUCHS increases sales revenues and earnings - outlook 
remains unchanged

"We made a good start to 2016 and anticipate further increases in both
sales revenues and earnings for the year. Our focus is on organic growth
and further strengthening our market and competitive position worldwide. To
this end we want to invest EUR 300 million in the expansion of existing
facilities and the construction of new facilities until 2018," explains
Stefan Fuchs, Chairman of the Executive Board at FUCHS PETROLUB SE.

  - Sales revenues: +12% to EUR 550 million
  - Earnings (EBIT): +4% to EUR 85 million
  - Outlook unchanged

The first three months of 2016 at a glance
<pre>
in EUR million                              Q1 2016     Q1 2015     Dev. %
Sales revenues (1)                            550.2       492.6       11.7
Europe                                        349.4       278.3       25.5
Asia-Pacific, Africa                          144.4       146.5       -1.4
North and South America                        84.5        88.3       -4.3
Consolidation                                 -28.1       -20.5          -
Earnings before interest and tax (EBIT)        85.2        81.7        4.3
Earnings after tax                             58.7        56.8        3.3
Capital expenditures                           14.4         7.8       84.6
Free cash flow before acquisitions             27.3        30.2       -9.6
Earnings per share in EUR
Ordinary share                                 0.42        0.41        2.4
Preference share                               0.42        0.41        2.4
Employees as at March 31                      4,863       4,141       17.4
</pre>
(1) By company location

Sales revenues and earnings
In the first three months of 2016 FUCHS PETROLUB increased its sales
revenues by 12% to EUR 550 million. Sales revenues increased organically by
2% and externally by 13% as a result of the acquisitions made in 2015. In
terms of currency developments, the tailwind observed in the previous year
changed to a headwind (-3%).

As with sales revenues, the income statement too was influenced by
acquisitions. The earning power of the companies acquired in 2015 is still
below the Group average. EBIT rose by 4% or EUR 3 million to EUR 85 million
(82). At EUR 59 million (57), earnings after interest and tax are 3% or EUR
2 million above the previous year. Earnings per ordinary and preference
share rose to EUR 0.42 (0.41).

Segments: Sales revenues and earnings
The regional analysis shows that Europe enjoyed strong growth (+25%) as a
result of acquisitions. The region also grew organically (+2%),
particularly in Central and Eastern Europe. The Asia-Pacific, Africa region
recorded organic growth of 5%. Negative currency translation effects (-6%)
canceled out this growth. The North and South America region could not
repeat its previous year's sales revenues (-4%).

In Europe, EBIT rose by EUR 4 million. As expected, the 9% increase in EBIT
to EUR 43 million was less than proportional. The Asia-Pacific, Africa
region increased its EBIT by 10% to EUR 29 million. The gains were
primarily recorded in China, India and South Korea. At EUR 15 million, EBIT
in North and South America is 9% below the previous year's figure.

Outlook 
The outlook for FUCHS PETROLUB remains unchanged. The company anticipates
acquisition-based and organic growth in sales revenues in the range of 7%
to 11% for the financial year. In terms of EBIT, the Group is forecasting
an increase between 3% and 7%. This forecast does not account for currency
translation effects.

Mannheim, April 29, 2016

FUCHS PETROLUB SE
Public Relations
Friesenheimer Str. 17
68169 Mannheim
Tel. +49 (0)621 3802-1104 
tina.vogel@fuchs-oil.de 
www.fuchs.com/group  

The following information can be accessed online:
Interim Report Q1 2016: www.fuchs.com/group/financial-reports
Press photos: www.fuchs.com/group/photogallery/

About FUCHS
The FUCHS Group develops, produces and markets high-grade lubricants and
related specialties for virtually all industries and areas of application.
The company, which was founded in Mannheim in 1931, employs around 5,000
people worldwide at 60 operating companies. FUCHS is the world's largest
independent lubricant manufacturer. The most important markets in terms of
sales revenues are Western Europe, Asia and North America.

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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29.04.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de

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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; Terminbörse EUREX                                    
 
 
   End of News    DGAP News Service  
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458929 29.04.2016