FUCHS PETROLUB slightly adjusts earnings forecast for the full year
FUCHS PETROLUB SE / Key word(s): Change in Forecast FUCHS PETROLUB slightly adjusts earnings forecast for the full year In the first nine months of 2017, the FUCHS PETROLUB Group generated an increase in sales of 10% to EUR 1,862 million (1,702) and a growth of earnings before interest and tax (EBIT) of 2% to EUR 281 million (276). For the full year we expect an unchanged sales growth in the range of 7%-10%. EBIT will be just below or as in the previous year (EUR 371 million) due to the increase of raw material prices and the delayed passing on. Free cash flow before acquisitions will probably not exceed EUR 150 million due to the significant business-related increase in net operating working capital. Further information will be published in our quarterly statement on the first nine months of the year on October 27, 2017. 23-Oct-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| 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 Announcement | DGAP News Service |