FUCHS PETROLUB: First quarter 2011 sales revenues and earnings significantly above expectations
ffected by a very strong month of March, in the first quarter of 2011 the FUCHS PETROLUB Group recorded the highest quarterly sales revenues in its history. In a favourable economic environment sales revenues and earnings were increased significantly and therefore outperformed the expectations of financial analysts.
Sales revenues of EUR 409.0 million (330.4) were 23.8% above previous years’ figures. Earnings before interest and taxes (EBIT) of EUR 67.6 million (58.7) and profit after tax of EUR 47.1 million (40.6) were achieved. All of the aforementioned figures are preliminary.
For the year 2011 as a whole FUCHS is striving to exceed the record EBIT of EUR 250.1 million recorded in 2010, however, the earnings of the first quarter should not just be extrapolated to the rest of the year.
The complete interim report for the first quarter of 2011 will be published as planned on May 4, 2011.
Mannheim, April 20, 2011
FUCHS PETROLUB AG
Public Relations
Friesenheimer Straße 17
68169 Mannheim
Germany
Tel.: +49 (0) 621 3802-1124
This ad hoc message is also available on the internet at www.fuchs-oil.com
Important note
This ad hoc message contains statements about future developments 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 in 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.