30.10.2018 07:00:07
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DGAP-News: FUCHS records strong organic growth - Weakening in the third quarter
DGAP-News: FUCHS PETROLUB SE / Key word(s): 9-month figures FUCHS records strong organic growth - "The FUCHS Group grew strongly organically in the first nine months. Over the course of the year, the growth has slowed down slightly. We also increased our operating results, according to plan and due to investments at a lower rate than sales revenues. Due to the income from the sale of an at equity share, EBIT increased significantly. Currently, the generally positive economic environment is clouding over due to increasing trade disputes and economic uncertainties in different countries. We expect a slowdown of the sales growth in the automotive sector, particularly in Germany and China, and therefore the organic sales growth will not be as strong for FUCHS in the remaining months of the year. As planned, we are implementing our projects focusing on modernization and expansion of production - in particular at our German, Chinese and American locations - and are continuing to work on various initiatives to secure the Group's future," said Stefan Fuchs, Chairman of the Executive Board of FUCHS PETROLUB SE. - Sales revenues up by 5% to EUR 1,953 million FUCHS at a glance
(1) By company location. (2) Including divestments.
EBIT improved by 6% y-o-y to EUR 297 million (281). A one-off effect from the sale of an at equity share amounting to EUR 12 million made a positive contribution. Earnings after tax increased by 11% to EUR 219 million (198) and earnings per ordinary and preference share increased to EUR 1.57 (1.42) and EUR 1.58 (1.43). The region Asia-Pacific, Africa achieved organic growth of 15% and as a result of negative currency effects (-5%) of 10% to EUR 601 million (544) in the Group currency, the euro. The main drivers of growth were in particular China, Australia, South Africa and India. The region North and South America saw accelerated organic growth of 11%. High negative currency effects almost completely eroded this growth. Overall, the region grew by 1% to EUR 304 million (302). The region's EBIT of EUR 48 million (50) was down on the previous year due to currency effects.
Important note
30.10.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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.com/gruppe |
ISIN: | DE0005790430, DE0005790406 |
WKN: | 579043, 579040 |
Indices: | MDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Tradegate Exchange |
End of News | DGAP News Service |
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739107 30.10.2018
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