Brief: Fuchs Petrolub H1 EBIT Down At EUR 112 Mln

Fuchs Se

30/07/2020 06:13

July 30 (Reuters) - FUCHS PETROLUB SE  FPEG_p.DE :
    * POSTS SIGNIFICANT DECLINE IN SALES REVENUES AND EARNINGS
IN
FIRST HALF OF 2020 DUE TO COVID-19 PANDEMIC - CONTINUED VERY
SOUND BALANCE SHEET STRUCTURE AND SUFFICIENT LIQUIDITY
    * H1 REVENUE FELL 14 PERCENT TO 1.12 BILLION EUR
    * FORECAST FOR FINANCIAL YEAR 2020 AND EXPECT A DROP IN
EARNINGS
IN RANGE OF 25%
    * H1 DEVELOPMENT OF SALES REVENUES AND EARNINGS HEAVILY
IMPACTED
BY COVID-19 PANDEMIC
    * H1 SALES REVENUES DOWN BY 14% AT EUR 1,120 MILLION
    * H1 EARNINGS (EBIT) DECLINE DISPROPORTIONATELY BY 29% TO
EUR 112
MILLION
    * BY 2025 WE WANT TO ACHIEVE SUSTAINABLE REVENUE GROWTH AT A
15%
EBIT MARGIN AND CORRESPONDING FUCHS VALUE ADDED GROWTH

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

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;;))