DGAP-News

FUCHS PETROLUB SE with recovery in third quarter of 2020 - First nine months of 2020 still with significant decline in sales revenues and earnings due to the Covid-19 pandemic - Seite 3

In the North and South America region, a clear upward trend was noticeable, particularly due to the upturn on the American market. The region's sales revenues in first nine months were down -12% year-on-year at EUR 281 million (320). Due to acquisitions, the region's external growth was 10% or EUR 32 million. The decline in the region's EBIT was reduced, with EBIT down -29% year-on-year at EUR 29 million (41).

Outlook
In view of the business performance in the first nine months of 2020 and the improved prospects for the global economy, FUCHS already revised its forecast for the current year on October 15, 2020, and expects a decline in earnings in the range of -15% (previously: -25%).

The effects of the crisis on supply chains, production and customer demand cannot be reliably estimated currently. The new forecast is based on the assumption that there will not be any major lockdowns in the key regions for FUCHS in the fourth quarter of 2020.

FUCHS is well-positioned to face the crisis and has a solid financial basis. The stability and structure of the balance sheet form a sound foundation for further development. Both the low proportion of fixed costs and the high proportion of raw materials have a positive effect. This allows us to breathe flexibly with sales. In addition, FUCHS once again benefits from its worldwide presence and broad product portfolio.

Mannheim, November 3, 2020

FUCHS PETROLUB SE
Public Relations
Friesenheimer Str. 17
68169 Mannheim
Tel. [phone]
[e-mail]
www.fuchs.com/group

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About FUCHS
The FUCHS Group develops, produces and markets high-grade lubricants and related specialties for virtually all industries and areas of application. Formed in Mannheim in 1931, the Group employs almost 6,000 people worldwide at 62 operating companies. FUCHS is the world's largest independent lubricant manufacturer. Its most important markets in terms of sales revenues are Western Europe, Asia and North America.