Brief: Fuchs Petrolub Confirms 2018 Preliminary Figures

Fuchs Se

20/03/2019 06:11

March 20 (Reuters) - Fuchs Petrolub SE  FPEG_p.DE :
    * DGAP-NEWS: FUCHS CONFIRMS PRELIMINARY FIGURES FOR 2018
FINANCIAL
YEAR: SALES REVENUES INCREASE TO EUR 2.6 BILLION, EARNINGS
BEFORE ONE-OFF EFFECT AT PREVIOUS YEAR'S LEVEL
    * SALES REVENUES: +4% TO EUR 2.6 BILLION
    * EARNINGS (EBIT): +3% TO EUR 383 MILLION
    * DIVIDEND PROPOSAL: +4% TO EUR 0.95 PER PREFERENCE SHARE
    * IN 2019, FUCHS EXPECTS TO ACHIEVE FURTHER, ALBEIT LOWER,
SALES
REVENUES GROWTH OF BETWEEN 2% AND 4%
    * EXPECTS TO SEE EARNINGS DECREASE BY -8% TO -5% (EBIT
COMPARABLE
(BEFORE ONE-OFF INCOME IN 2018): -5% TO -2%) IN 2019
    * REASONS FOR WEAKER EBIT INCLUDE NON-RECURRING PROCEEDS
FROM SALE
OF AN AT EQUITY SHARE IN 2018, WEAKENED ECONOMIC CLIMATE
PARTICULARLY IN CHINA AND GROWTH-RELATED COST INCREASES
    * GIVEN PROFITABILITY AND FINANCIAL STRENGTH OF COMPANY,
GROWTH
STRATEGY WILL CONTINUE AS PLANNED UNTIL 2020
    * FUCHS THEREFORE EXPECTS FREE CASH FLOW BEFORE ACQUISITIONS
OF
AROUND EUR 100 MILLION IN 2019

Source text for Eikon:  ID:nEQ3W6gtMa 
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 (Reporting by Riham Alkousaa)
 ((Riham.Alkousaa@thomsonreuters.com;))