Brief: Fuchs Petrolub Adjusts Guidance After H1 Results

Fuchs Se

01/08/2019 06:08

Aug 1 (Reuters) - Fuchs Petrolub SE  FPEG_p.DE :
    * FUCHS POSTS SLIGHT DECREASE IN SALES REVENUES OF 1% AND
DECLINE
IN EARNINGS OF 19% IN THE FIRST HALF OF THE YEAR - INVESTMENT
INITIATIVE WILL BE CONTINUED
    * H1 REVENUE FELL 1 PERCENT TO 1.296 BILLION EUR
    * ACHIEVED EBIT MARGIN OF 12.1%
    * WE NO LONGER ANTICIPATE AN UPTURN IN AUTOMOTIVE SECTOR,
WHICH IS
IMPORTANT FOR US
    * REVISING OUR FORECAST FOR CURRENT YEAR DOWNWARD
SIGNIFICANTLY
    * EARNINGS (EBIT) DOWN 19% AT EUR 157 MILLION
    * OUTLOOK FOR 2019 ADJUSTED: SALES REVENUES: BETWEEN -3% AND
+0%
(PREVIOUSLY BETWEEN +2% AND +4%)
    * OUTLOOK FOR 2019 ADJUSTED: EBIT: BETWEEN -30% AND -20%
(PREVIOUSLY BETWEEN -8% AND -5%)
    * FUCHS PETROLUB H1 EBIT 157 MILLION EUR
    * FUCHS PETROLUB SAYS H1 EARNINGS AFTER TAX 112 MILLION EUR,
DOWN
20%

Source text for Eikon:  ID:nEQ3czhG0a 
Further company coverage:  FPEG_p.DE 

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