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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