EQS-News

FUCHS with good start into financial year 2024

EQS-News: FUCHS SE / Key word(s): Quarterly / Interim Statement/Interim Report FUCHS with good start into financial year 2024 30.04.2024 / 07:00 CET/CEST The issuer is solely responsible for the content of this announcement. FUCHS with good start into financial year 2024

• Decrease in sales revenues of 6% to EUR 877 million due to price adjustments and
  negative currency effects
• EBIT improved by 4% or EUR 4 million to EUR 107 million
• Full-year outlook 2024 confirmed
• Agreement signed on the acquisition of the international LUBCON Group

FUCHS at a glance

in EUR million	Q1 2024	Q1 2023	Abw.	Abw. %
Sales revenues (1)	877	936	-59	-6
Europe, Middle East, Africa	511	552	-41	-7
Asia-Pacific	245	252	-7	-3
North and South America	167	181	-14	-8
Consolidation	-46	-49	3	-
EBIT before income from companies consolidated at equity	105	101	4	4
EBIT	107	103	4	4
Earnings after tax	77	73	4	5
Investments	9	17	-8	-47
Free cash flow before acquisitions	15	52	-37	-71
Earnings per share in EUR
Ordinary share	0.58	0.54	0.04	7
Preference share	0.58	0.54	0.04	7
Employees as of March 31	6,338	6,120	218	4

1. By company location

“With an EBIT of EUR 107 million, we achieved a good result in the first three months of the year 2024, improving by EUR 4 million or 4% compared to the previous year. This increase in earnings was achieved despite sales revenues being 6% down on the previous year due to price and exchange rate effects. It was pleasing to see that all three world regions improved their results. The geopolitical situation remains unclear. The flaring up of the conflict between Israel and Iran and the uncertain development of the war in the region have further increased the uncertainties regarding economic development and the development of commodity prices. Based on our growth plans, we nevertheless remain confident about the remainder of the year and confirm our forecast for the full year with an EBIT of around EUR 430 million. We are pleased to have signed an agreement to acquire the internationally active LUBCON Group. The family-run German company has many years of experience and expertise in the development, production and distribution of greases, oils and pastes, and will further strengthen our product portfolio in the area of specialty lubricant solutions.”