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DGAP-News: FUCHS PETROLUB SE / Key word(s): Preliminary Results FUCHS increases sales revenues and earnings again in 2013

28.02.2014 / 07:00

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FUCHS increases sales revenues and earnings again in 2013

- Organic growth of 4.0% - only slight increase in sales revenues due to currency effects - EBIT up by 6.6% - Dividend proposal of EUR 1.40 per preference share

FUCHS PETROLUB SE, with global operations in the lubricant business, successfully concludes 2013 with a good fourth quarter. Group sales revenues rose to EUR 1,831.6 million with earnings also up again. In organic terms, sales revenues rose 4.0% in the financial year. Taking into account currency effects a growth of 0.7% was recorded. Earnings before interest and tax (EBIT) and profit after tax both recorded above-average growth. EBIT rose 6.6% to EUR 312.3 million, while profit after tax increased 5.6% to EUR 218.6 million.

At the same time the Group has further strengthened its balance sheet with a free cash flow of EUR 149.9 million. All figures are still provisional.

Subject to approval of a corresponding resolution by the Supervisory Board on March 19, 2014, the Executive Board of FUCHS PETROLUB SE intends to propose a dividend of EUR 1.40 per preference share and EUR 1.38 per ordinary share for the financial year 2013 to the Annual General Meeting scheduled for May 7, 2014. This would represent an increase of just under 8%.

Based on forecasts predicting higher growth of the global economy for 2014 compared to 2013, FUCHS anticipates further increases in both, sales revenues and earnings.

The complete financial statements for 2013 will be published on March 20, 2014 and presented during the balance sheet press conference.

Originally posted here:
PRESS RELEASE: FUCHS increases sales revenues and earnings again in 2013

Ronan Farrow may plead that he didnt demand journalists be prevented from asking personal questions while he picked up a Cronkite Award for Excellence in Exploration and Journalism but others desperately tried to block journalists on Ronans behalf. When we asked who had insisted on such reporting restrictions while, ironically, Ronan was picking up an award for journalism, we were informed by Reach the World Director Heather Halstead that the order came direct from Ronans team.

Page Six reported that journalists were asked to sign a form pledging they would not ask the MSNBC host about off-message topics, in order to attend Wednesdays Reach the Worlds 14th annual benefit at the Princeton Club. The form required all press to stay strictly on message. It reads, Any press who ask guests or Mr. Farrow about off-message topics will be immediately escorted out of the event.

Halstead told us in writing, We would like you to sign the form or indicate by return email that you understand our goals to stay completely on message given the surrounding circumstances. We will not tolerate press questions about personal or family affairs related to Mr. Farrow in any circumstance at this event.

We then asked who the directives were coming from, and Halstead responded via email, His team direct to you, but we would do it anyway any time there were circumstances such as these that required it.

Following our report, Ronans team went into full spin mode, with his rep insisting he was not aware of the restrictions and had not asked for them. Under pressure from Ronans team, Reach the World issued a press release with Halstead saying, Ronan and his team did not request any restrictions whatsoever on reporters questions. Communication between Reach the World and members of the press have been the sole responsibility of RTW. We apologize to Ronan for the error.

Despite the fact that we dealt with her directly, Halstead then falsely told The Wrap, There was a misinterpretation between the Page Six reporter and our event planners.

Weve re-read Halsteads emails, and the misinterpretation was not ours.

Farrow himself tweeted: Oh, you so crazy, rumor of the day Id never demand anyone not ask me anything, obviously. (Doesnt mean I have to answer though.) And, Maybe I can earn a Cronkite award by investigating how long itll take me to actually live up to a Cronkite award?

A spokesperson for Ronan Farrow tells us, Ronan and his team did not request any restrictions on reporters questions.

Read this article:
Proof press couldnt ask Ronan personal questions

DGAP-News: Nordex SE / Key word(s): Preliminary Results/Final Results Nordex SE: Strong growth and return to profit in 2013

28.02.2014 / 08:23

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Nordex SE: Strong growth and return to profit in 2013

- Sales up 33% to EUR 1,429 million

- Increase in order receipts to EUR 1.5 billion

- Turnaround in EBIT to EUR 44.3 million

- Net free cash inflow of EUR 23.8 million

- Substantial increase in net liquidity

Hamburg, 28 February 2014. On the basis of its provisional consolidated financial statements for 2013, sales of the Nordex Group (ISIN: DE000A0D6554) rose by around 33 percent to EUR 1,429.3 million (previous year: EUR 1,075.3 million), thus reaching the upper end of the Management Board's guidance range. Operating earnings also matched the Company's expectations, with earnings before interest and taxes (EBIT) amounting to EUR 44.3 million, equivalent to an EBIT margin of 3.0 percent. In the previous year, Nordex had sustained an operating loss of EUR 61.1 million on account of substantial non-recurring expenses arising from the restructuring of group operations in the United States and China.

See original here:
PRESS RELEASE: Nordex SE: Strong growth and return to profit in 2013

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