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.
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
(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
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
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
(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
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