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Best half-year result in the group's history

Best half-year result in the group's history

Fr the globally operating lubricants producer FUCHS PETROLUB AG in Mannheim, Germany, the first half of 2002 was extremely successful in terms of sales, profits and cash flow. Sales rose by 13.5 % to EUR 542.3 million (478.0) and the operating profit by 32 % to EUR 43.3 million (32.7). The half-year net income more than doubled, rising by 111 % to reach EUR 12.0 million (5.6). In conformity with IAS, goodwill was for the first time amortized in its full amount of EUR 5.4 million and deducted from the profit on a pro rata temporis basis. The half-year earnings per share rose to EUR 7.1 (4.4) before and EUR 4.8 (2.1) after goodwill amortization.

Mannheim, 30 August 2002

FUCHS PETROLUB AG
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