Brief: Fuchs FY EBIT Down 16% At EUR 321 Mln

Fuchs Se

19/03/2020 06:15

March 19 (Reuters) - Fuchs Petrolub SE  FPEG_p.DE :
    * DGAP-NEWS: FUCHS CONFIRMS PRELIMINARY FIGURES FOR THE FINANCIAL YEAR 2019: SALES REVENUES
OF EUR
2.6 BILLION AT PREVIOUS YEAR'S LEV-EL, EBIT 16% BELOW PREVIOUS YEAR
    * FY SALES REVENUES: +0% TO EUR 2.6 BILLION
    * FY EARNINGS (EBIT): -16% TO EUR 321 MILLION
    * DIVIDEND PROPOSAL: +2% TO EUR 0.97 PER PREFERENCE SHARE
    * ANNUAL GENERAL MEETING POSTPONED
    * NEGATIVE EFFECTS OF CORONAVIRUS ON GLOBAL ECONOMY AND FUCHS GROUP CANNOT BE ESTIMATED AT
PRESENT
    * CORONA EFFECTS WILL AT LEAST TEMPORARILY LEAD TO SIGNIFICANT DECLINES IN SALES AND
EARNINGS
    * POSTPONEMENT OF RESOLUTION ON APPROPRIATION OF PROFITS AND DIVIDEND PAYMENT

Source text for Eikon:  ID:nEQ7sTLMXa 
Further company coverage:  FPEG_p.DE 

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