Brief: Fuchs Petrolub Q1 Earnings After Tax Down At EUR 51 Mln

Fuchs Se

30/04/2020 06:09

April 30 (Reuters) - FUCHS PETROLUB SE  FPEG_p.DE :
    * ACHIEVES SLIGHTLY LOWER SALES REVENUES IN THE FIRST
QUARTER OF
2020 - SOLID FINANCIAL BASIS FORMS A FOUNDATION FOR FURTHER
DEVELOPMENT
    * SLUMP IN SALES REVENUES AND EARNINGS IN CHINA RESULTED IN
A
DECLINE IN GROUP SALES REVENUES OF AROUND 4% AND HAD A
SIGNIFICANT IMPACT ON EBIT OF EUR 72 MILLION, WHICH WAS 6% OR
EUR 5 MILLION BELOW PREVIOUS YEAR
    * Q1 SALES REVENUES: -4% TO EUR 616 MILLION
    * Q1 EARNINGS (EBIT) DOWN 6% TO EUR 72 MILLION
    * FOR FIRST HALF OF YEAR SIGNIFICANT DECLINE IN EARNINGS IN
ORDER
OF 30% EXPECTED
    * ADJUSTED OUTLOOK FOR FULL YEAR 2020 IS NOT POSSIBLE UNDER
CURRENT CIRCUMSTANCES
    * Q1 EARNINGS AFTER TAX DECLINED BY 7% TO EUR 51 MILLION
    * WILL BE UNABLE TO MEET ITS EXPECTATIONS FOR FULL YEAR AS
PUBLISHED IN MARCH

Source text for Eikon:  ID:nEQ7mmK5a 
Further company coverage:  FPEG_p.DE 

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