Brief: Fuchs Petrolub Hikes Guidance Despite Strained Supply Situation

Fuchs Se

30/07/2021 06:08

July 30 (Reuters) - Fuchs Petrolub SE  FPEG_p.DE :
    * H1 SALES REVENUES AT EUR 1,411 MILLION 26% ABOVE PRIOR
YEAR
    * H1 EBIT AT EUR 191 MILLION 71% ABOVE PRIOR YEAR
    * NOW SEES FY SALES REVENUES AT UPPER END OF EUR 2.7 BILLION
TO
EUR 2.8 BILLION RANGE
    * NOW SEES FY EBIT AT  EUR 350 MILLION TO EUR 360 MILLION
(PREVIOUSLY: EUR 330 MILLION TO EUR 340 MILLION)
    * SUPPLY SITUATION REMAINS STRAINED
    * FIRST PRICE INCREASES HAVE BEEN IMPLEMENTED, BUT MORE WILL
HAVE
TO FOLLOW
    * THERE IS NO END IN SIGHT TO SUPPLY BOTTLENECKS FOR RAW
MATERIALS
AND PACKAGING MATERIALS

Source text for Eikon:  ID:nEQ8Jthc7a 
Further company coverage:  FPEG_p.DE 

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