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FUCHS: the success story continues

FUCHS: the success story continues

In the first nine months of the current business year, the globally operating lubricants producer FUCHS PETROLUB AG in Mannheim continued to perform successfully. Sales were up by 14.2 % in the year's first nine months to reach EUR 811.2 million (710.6). The group's operating profit rose by 47.4 % to reach EUR 69.3 million (47.0), with net income in the year's first three quarters up by 153.3 % at EUR 19.0 million (7.5). In conformity with international accounting standards (IAS), acquisition goodwill was for the first time amortized in its full amount of EUR 11.4 million and deducted from the profit on a pro rata temporis basis. Before this goodwill amortization, the profits after taxes came to EUR 30.4 million (15.4). Earnings per share for the January-September period increased to EUR 12.4 (6.1) before and EUR 7.6 (2.8) after goodwill amortization.

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