Brief: Fuchs Petrolub Says Preliminary 9-month EBIT Down At EUR 203 Mln

Fuchs Se

15/10/2020 14:39

Oct 15 (Reuters) - FUCHS PETROLUB SE  FPEG_p.DE :
    * ANNOUNCES PRELIMINARY FIGURES FOR THE FIRST NINE MONTHS OF
2020
AND A NEW EARNINGS (EBIT) OUTLOOK FOR THE CURRENT FINANCIAL YEAR
    * AT EUR 1,740 MILLION, PRELIMINARY SALES OF FUCHS GROUP IN
FIRST
NINE MONTHS OF 2020 ARE 11% BELOW PREVIOUS YEAR'S LEVEL
    * PRELIMINARY EARNINGS (EBIT) FOR FIRST NINE MONTHS WERE
DOWN 17%
COMPARED TO PREVIOUS YEAR AT EUR 203 MILLION.
    * HAS DETERMINED A NEW OUTLOOK FOR FINANCIAL YEAR 2020.
    * FUCHS EXPECTS A FURTHER IMPROVEMENT IN ECONOMIC CONDITIONS
IN Q4
AND THEREFORE EXPECTS IN YEAR 2020 A DECLINE IN EARNINGS (EBIT)
IN RANGE OF -15% (PREVIOUSLY -25%).

Source text for Eikon:  ID:nEQ5Z6HyWa 
Further company coverage:  FPEG_p.DE 

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