DGAP-News

FUCHS increases sales revenues and repeats previous year's record earnings

DGAP-News: FUCHS PETROLUB SE / Key word(s): Final Results
FUCHS increases sales revenues and repeats previous year's record
earnings

24.03.2015 / 07:00

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FUCHS increases sales revenues and repeats previous year's record earnings

- Sales revenues up 2% to EUR 1,866 million (currency adjusted +4%)
- Growth in all three world regions
- EBIT of EUR 313 million at the record level of the previous year
- Dividend to be raised by 10% to EUR 0.77 per preference share

The financial year 2014 at a glance

(Amounts in EUR million)                       2014        2013      Dev. %
Sales revenues (1)                          1,865.9     1,831.6         1.9
Europe                                      1,112.9     1,104.2         0.8
Asia-Pacific, Africa                          516.5       497.9         3.7
North and South America                       316.0       307.3         2.8
Consolidation                                 -79.5       -77.8         2.2
Earnings before interest and tax (EBIT)       313.0       312.3         0.2
Earnings after tax                            219.9       218.6         0.6
Earnings per share in EUR (2)
Ordinary share                                 1.57        1.53         2.6
Preference share                               1.58        1.54         2.6
Proposed dividend/dividend in EUR (2)
Ordinary share                                 0.76        0.69        10.1
Preference share                               0.77        0.70        10.0
Free cash flow                                187.9       149.9        25.4
Investments in long-term assets                52.6        72.8       -27.7
Employees as at December 31                   4,112       3,888         5.8

(1) By company location
(2) Previous year's figures adjusted for reasons of comparability

Performance
FUCHS PETROLUB SE, with global operations in the lubricant business,
recorded Group sales revenues of EUR 1,866 million in the financial year
2014. This represents year-on-year growth of EUR 34 million or 2%. FUCHS
achieved organic growth in all three world regions (+3%), particularly due
to increased volumes. In addition, acquisitions (+1%) and currency
translation effects (-2%) had an impact.

In terms of earnings, the FUCHS PETROLUB Group was able to repeat the
previous year's record values. Earnings before interest and tax (EBIT) are