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FUCHS with provisional figures for the financial year 2014: Group sales revenues increased to EUR 1.9 billion, previous year's record earnings repeated

FUCHS with provisional figures for the financial year 2014: Group sales revenues increased to EUR 1.9 billion, previous year's record earnings repeated


DGAP-News: FUCHS PETROLUB SE / Key word(s): Preliminary Results
2015-02-20 / 07:00

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FUCHS with provisional figures for the financial year 2014: Group sales revenues increased to EUR 1.9 billion, previous year's record earnings repeated

- Sales revenues up 2% to EUR 1,866 million (currency adjusted +4%) - Growth in all three global regions
- At EUR 313 million, earnings (EBIT) at the previous year's record level - Proposed dividend of EUR 0.77 per preference share (+10%)
In the financial year 2014, FUCHS PETROLUB SE recorded Group sales revenues of EUR 1,866 million. This represents growth of EUR 34 million or 2% over the previous year's figures; when adjusted for currency effects, the increase was just under 4%. FUCHS was also able to continue its organic growth (+3%) in all three global regions in 2014. Acquisitions represent 1% of the overall increase.

At EUR 313 million (312), earnings before interest and tax (EBIT) match the previous year's record earnings. Earnings after tax are EUR 220 million, following EUR 219 million in the previous year. The share buyback completed in the first half of 2014 had a positive effect on earnings per share, which increased by just under 3%. At the same time, the Group further strengthened its balance sheet with free cash flow of EUR 188 million (150).

Subject to a corresponding resolution being passed by the Supervisory Board on March 23, 2015, the Executive Board of FUCHS PETROLUB SE intends to propose a dividend of EUR 0.77 per preference share and EUR 0.76 per ordinary share for the financial year 2014 to the Annual General Meeting scheduled for May 6, 2015. This would represent an increase of 10%.
FUCHS anticipates further increases of both sales revenues and earnings for the financial year 2015. This is based on forecasts for 2015 that indicate stronger growth in the global economy than in the previous year.
FUCHS PETROLUB will publish the final figures for the financial year 2014 on March 24, 2015.

Group KPIs (1)

Amounts in EUR million 2014 (2) 2013 Sales revenues 1,866 1,832 EBIT 313 312 Earnings after tax 220 219 Earnings per share in EUR
Ordinary share 1.57 1.53 Preference share 1.58 1.54 Dividends in EUR
Ordinary share 0.76 (3) 0.69 Preference share 0.77 (3) 0.70 Free cash flow 188 150 Employees as at December 31 4,112 3,888

(1) Figures adjusted to include capital increases for reasons of comparability
(2) Provisional figures
(3) Proposal of the Executive Board

Mannheim, February 20, 2015

FUCHS PETROLUB SE
Public Relations
Friesenheimer Str. 17
68169 Mannheim Germany
Tel: +49 (0)621 3802-1104 
E-mail: tina.vogel@fuchs-oil.de 

The information below can be accessed at the following web addresses:
Press release:
www.fuchs-oil.com 

Press photos:
www.fuchs-oil.com/pressphotos1.html 

Important note
This press release contains statements about future developments that are based on assumptions and estimates by the management of FUCHS PETROLUB SE. 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, for example, include changes in the overall economic climate, changes in procurement prices, changes to exchange rates and interest rates, and changes within the lubricants industry. FUCHS PETROLUB SE provides no guarantee that future developments and the results actually achieved in the future will match the assumptions and estimates set out in this press release and assumes no liability for such.



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2015-02-20 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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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-oil.de ISIN: DE0005790430, DE0005790406 WKN: 579043, 579040 Indices: MDAX Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich  
 
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