DGAP-News: FUCHS increases EBIT to EUR 153.8 million and confirms outlook
(firmenpresse) - DGAP-News: FUCHS PETROLUB SE / Key word(s): Half Year Results
FUCHS increases EBIT to EUR 153.8 million and confirms outlook
02.08.2013 / 07:00
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FUCHS increases EBIT to EUR 153.8 million and confirms outlook
for the financial year
- Following an increase in the second quarter, sales revenues for the first
half of the year return to the previous year's level
- Earnings before interest and tax (EBIT) up 5.8% to EUR 153.8 million
- Outlook for the financial year confirmed
The first six months of 2013 at a glance
Amounts in EUR million 1-6/2013 1-6/2012(1) By company location
Sales revenues (1) 910.3 910.0
Europe 547.2 541.0
Asia-Pacific, Africa 243.9 240.5
North and South America 155.0 161.4
Consolidation -35.8 -32.9
Earnings before interest and tax (EBIT) 153.8 145.4
Earnings after tax (2) 107.6 101.8
Earnings per share in EUR
Ordinary share 1.51 1.42
Preference share 1.52 1.43
Gross cash flow 107.6 105.5
Investments in long-term assets (3) 33.6 33.4
Employees (as at June 30) 3,826 3,764
(2) Previous year's figures adjusted, see 'Application of new accounting
standards' in the notes to the consolidated financial statements
(3) Intangible assets, property, plant and equipment and financial assets
The FUCHS PETROLUB Group recorded organic growth in sales revenues of 1.7%
in the first six months of 2013. The positive changes in total sales, price
and product mix were neutralized by currency translation effects. At EUR
910.3 million, the Group recorded sales revenues at the previous year's
level (910.0).
At the same time, FUCHS PETROLUB raised earnings before interest and tax
(EBIT) to EUR 153.8 million (145.4). This represents an increase of EUR 8.4
million or 5.8%. Earnings after tax rose by 5.7% or EUR 5.8 million to EUR
107.6 million (101.8).
Earnings per share are EUR 1.51 (1.42) per ordinary share and EUR 1.52
(1.43) per preference share.
Capital expenditures
The FUCHS PETROLUB Group invested EUR 33.6 million (33.4) in long-term
assets in the first six months of the current financial year.
More than half of the investments were dedicated to the modernization and
extension of the US production site in Chicago, as well as the new
facilities which are currently under construction in China and Russia. All
three of these projects shall be completed during the course of 2013.
Employees
The Group employed 3,826 (3,764) employees worldwide as at June 30, 2013.
Compared with the 3,773 employees recorded at the end of the previous year,
this represents an increase of 53 people. Most of the new staff members
were recruited in the areas of sales and distribution, as well as research
and development mainly at companies in Germany and Russia, South Africa,
Australia and China.
Outlook
FUCHS PETROLUB expects business to develop in the second half of 2013 in
line with the first six months of the year and confirms its target of
achieving organic growth in sales revenues in the low single-digit
percentage range for the financial year. However, the development of
currency exchange rates must be taken into account.
In terms of earnings before interest and tax (EBIT), FUCHS also expects to
record an increase for 2013, provided the overall economic situation does
not change significantly.
Capital expenditure was on budget in the first half of the year and is
likely to remain at the previous year's level for 2013.
Mannheim, August 2, 2013
FUCHS PETROLUB SE
Public Relations
Friesenheimer Str. 17
68169 Mannheim
Germany
Tel.: ++49 (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
Interim report as at June 30, 2013:
http://www.fuchs-oil.com/ir_sixmonths.html
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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02.08.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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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(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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223925 02.08.2013
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