DGAP-News: Fuchs Petrolub AG: New record earnings - significant dividend increase planned
(firmenpresse) - DGAP-News: Fuchs Petrolub AG / Key word(s): Preliminary Results
Fuchs Petrolub AG: New record earnings - significant dividend increase
planned
22.02.2013 / 07:00
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New record earnings - significant dividend increase planned
- Sales revenues up 10% and EBIT up 11%
- Dividend to be increased to EUR 1.30 per preference share
FUCHS PETROLUB AG, with global operations in the lubricant business, set
new record levels both for sales revenues and earnings. Sales revenues
increased by 10% to EUR 1,819 million. Earnings before interest and tax
(EBIT) and profit after tax both recorded disproportionately high gains.
EBIT rose 11% to EUR 293 million, while profit after tax increased 13% to
EUR 207 million.
The Group generated free cash flow of around EUR 140 million and further
strengthened its balance sheet. All figures are still provisional.
The Executive Board at FUCHS PETROLUB AG has therefore decided - subject to
approval of a corresponding resolution by the Supervisory Board on March
19, 2013 - to propose a dividend of EUR 1.30 per preference share and EUR
1.28 per ordinary share for the financial year 2012 to the Annual General
Meeting scheduled for May 8, 2013. This would correspond to an increase of
30% for the preference share.
Working to the premise that, despite the known issues, the global economy
will enjoy positive development in 2013, FUCHS is planning to further
increase its sales revenues and earnings for the financial year 2013.
However, FUCHS will not be able to repeat the high growth rates recorded in
previous years.
The complete financial statements for 2012 will be published on March 20,
2013 and presented during the balance sheet press conference.
Key figures of the Group
Amounts in EUR million 2012 (1) 2011 (2)(1) Provisional figures
Sales revenues 1,819 1,652
EBIT 293 264
Profit after tax 207 183
Earnings per share in EUR
Ordinary share 2.90 2.56
Preference share 2.92 2.58
Dividends in EUR
Ordinary share 1.28 (3) 0.98
Preference share 1.30 (3) 1.00
Free cash flow 140 59
Employees (December 31) 3,773 3,669
(2) Comparable
(3) Proposal of the Executive Board
Mannheim, February 22, 2013
FUCHS PETROLUB AG
Public Relations
Friesenheimer Straße 17
68169 Mannheim, Germany
Tel.: 0049-(0)621-3802-1104
E-mail: tina.vogel(at)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 AG.
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 AG 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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22.02.2013 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: Fuchs Petrolub AG
Friesenheimer Str. 17
68169 Mannheim
Germany
Phone: +49 (0)621 / 3802-0
Fax: +49 (0)621 / 3802-7190
E-mail: ir(at)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
End of News DGAP News-Service
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202057 22.02.2013
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Datum: 22.02.2013 - 07:00 Uhr
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News-ID 232185
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