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FUCHS' success continues

FUCHS' success continues

FUCHS' success continues



 

The globally operating lubricant producer FUCHS PETROLUB AG in Mannheim, Germany, remained successful in 2001 despite all macro-economic problems and a substantial decline in overall demand for lubricants. Sales and consolidated operating profits were increased. The uptrend is set to continue during 2002.

Sales rose in 2001 by 4.2 % to EUR 940.0 m (902.0). Internal growth was 3.7 %. Acquisitions contributed 1.4 %, while currency translation effects accounted for -0.9 %.

Consolidated operating profits were up on the preceding year. Europe, plus North and Latin America, remained the most profitable areas for the group in 2001 as well, though Asia-Pacific Rim's figures continued to rise.

Due to acquisitions and internal growth, the group anticipates sales of EUR 1,060 m (940) in 2002, plus a rise in consolidated net income.

Mannheim, March 27, 2002

FUCHS PETROLUB AG
Public Relations
Friesenheimer Str. 17
D-68169 Mannheim
Tel.: +49 621 3802-104





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