Brief: Fuchs Petrolub increases 2021 outlook

Fuchs Se

29/04/2021 06:07

April 29 (Reuters) - Fuchs Petrolub SE  FPEG_p.DE :
    * Says Fuchs With A Strong Start Into 2021
    * Says Sales Revenues At Eur 697 Million 13% Above Prior
Year
    * Says Ebit At Eur 101 Million 40% Above Prior Year
    * Says Full-Year Outlook Raised
    * Says Sales Between Eur 2.7 Billion And Eur 2.8 Billion
(Previously: 2019 Level (Eur 2.6 Billion))
    * Says Ebit Between Eur 330 Million And Eur 340 Million
(Previously: 2020 Level (Eur 313 Million))
    * In Its Latest Publication, International Monetary Fund
(Imf)
Raised Its Forecast For Growth In Global Economy In Current Year
From 5.5% To 6.0%
    * Driving Forces Behind This Positive Development Were Us
And
Particularly China. Fuchs Will Also Benefit From This Positive
Growth Trend
    * Fuchs Is Raising Its Forecast For Financial Year 2021 As
Follows: Sales Revenues: Between Eur 2.7 Billion And Eur 2.8
Billion
    * Expects Ebit: Between Eur 330 Million And Eur 340 Million
In
2021
    * Expects Fva: Around Eur 180 Million (Previously: Around
Eur 160
Million) In 2021
    * We Expect Our Results In First Half Of Year To
Significantly
Exceed Previous Year's Level, But In Second Half We Will Have To
Measure Up Against High Prior-Year Figures

Further company coverage:  FPEG_p.DE 

 (Reporting by Vienna Newsroom)
 ((vienna.newsroom@thomsonreuters.com;))