Earnings development of FUCHS PETROLUB above expectations
The preliminary third quarter results of the worldwide operating FUCHS PETROLUB Group are above previous expectations. The early measures taken to strengthen the earnings and the stabilization of markets at a low level have had a positive impact. However, the recovery is slow and its sustainability remains to be seen.
In the first nine month of the year 2009 sales of EUR 873 million (1,084) and earnings before interest and taxes (EBIT) of EUR 122 million (144) were achieved. This means, that previous forecasts on earnings have been surpassed substantially, even if the earnings compared with the same period of the previous year fell short by 15%. Profit after tax is EUR 81 million (94). All figures mentioned are preliminary.
The complete figures for the first three quarters of 2009 will be published as scheduled on November 6, 2009.
Mannheim, October 22, 2009
FUCHS PETROLUB AG
Friesenheimer Str. 17
Phone: ++49 (0) 621 3802-124
The ad hoc message can also be found in the internet at www.fuchs-oil.com.
This ad hoc message contains statements about future development that are based on assumptions and estimates by the management of FUCHS PETROLUB AG. Even if the management is of the opinion that these assumptions and estimates are accurate, future actual developments and future actual results may differ significantly from these assumptions and estimates due to a variety of factors. These factors can include changes to the overall economic climate, changes to exchange rates and interest rates and changes in the lubricants industry. FUCHS PETROLUB AG provides no guarantee that future developments and the results actually achieved in the future will agree with the assumptions and estimates set out in this ad hoc message and assumes no liability for such.