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FUCHS increases sales revenues and earnings again in 2013

FUCHS increases sales revenues and earnings again in 2013


DGAP-News: FUCHS PETROLUB SE / Key word(s): Preliminary Results
28.02.2014 / 07:00

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FUCHS increases sales revenues and earnings again in 2013
- Organic growth of 4.0% - only slight increase in sales revenues due to currency effects
- EBIT up by 6.6%
- Dividend proposal of EUR 1.40 per preference share
FUCHS PETROLUB SE, with global operations in the lubricant business, successfully concludes 2013 with a good fourth quarter. Group sales revenues rose to EUR 1,831.6 million with earnings also up again. In organic terms, sales revenues rose 4.0% in the financial year. Taking into account currency effects a growth of 0.7% was recorded. Earnings before interest and tax (EBIT) and profit after tax both recorded above-average growth. EBIT rose 6.6% to EUR 312.3 million, while profit after tax increased 5.6% to EUR 218.6 million.

At the same time the Group has further strengthened its balance sheet with a free cash flow of EUR 149.9 million. All figures are still provisional.
Subject to approval of a corresponding resolution by the Supervisory Board on March 19, 2014, the Executive Board of FUCHS PETROLUB SE intends to propose a dividend of EUR 1.40 per preference share and EUR 1.38 per ordinary share for the financial year 2013 to the Annual General Meeting scheduled for May 7, 2014. This would represent an increase of just under 8%.

Based on forecasts predicting higher growth of the global economy for 2014 compared to 2013, FUCHS anticipates further increases in both, sales revenues and earnings.

The complete financial statements for 2013 will be published on March 20, 2014 and presented during the balance sheet press conference.
Key figures of the Group 

(Amounts in EUR million) 2013 (1) 2012 Sales revenues 1,831.6 1,819.1 EBIT 312.3 293.0 Profit after tax (2) 218.6 207.0 Earnings per share in EUR
Ordinary share 3.06 2.90 Preference share 3.08 2.92 Dividends in EUR
Ordinary share 1.38 (3) 1.28 Preference share 1.40 (3) 1.30 Free cash flow 149.9 140.4 Employees (December 31) 3,888 3,773

(1) Provisional figures
(2) Comparable previous year's figure
(3) Proposal of the Executive Board

Mannheim, February 28, 2014

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:
http://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 include changes in the overall economic climate, changes to exchange rates and interest rates, and changes in 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.


End of Corporate News

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28.02.2014 Dissemination of a Corporate News, transmitted by DGAP - a company 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: Regulierter Markt in Frankfurt (Prime Standard), Stuttgart; Freiverkehr in Berlin, Düsseldorf, Hamburg, München  
 
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