Brief: Fuchs Petrolub Says Recovery In Second Half Of 2019 Not Visible

Fuchs Se

05/07/2019 17:44

July 5 (Reuters) - Fuchs Petrolub SE  FPEG_p.DE :
    * DECLINE IN SALES AND EARNINGS IN FIRST HALF OF 2019
    * RECOVERY IN SECOND HALF OF 2019 NOT VISIBLE
    * FUCHS GROUP ANTICIPATES A DECLINE IN SALES OF -1% TO EUR
1.3
BILLION IN FIRST SIX MONTH OF 2019 AND EARNINGS BEFORE INTEREST
AND TAX (EBIT) CLOSE TO 20% BELOW PREVIOUS YEAR
    * REASON FOR THIS IS CONTINUED GLOBAL MARKET WEAKNESS,
PARTICULARLY IN JUNE
    * GROUP WILL NOT BE ABLE TO ACHIEVE ITS FORECAST OF SALES
GROWTH
OF BETWEEN +2% AND +4% AND AN EBIT DECLINE OF BETWEEN -8% AND
-5% FOR FULL YEAR 2019
    * AN UPDATED OUTLOOK FOR FULL YEAR WILL BE PUBLISHED AS PART
OF
HALF-YEAR FINANCIAL REPORT 2019 ON AUGUST 1

Further company coverage:  FPEG_p.DE 

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