Fuchs Petrolub shares fall after lubricant maker issues profit warning
08/07/2019 07:15
FRANKFURT, July 8 (Reuters) - Shares in lubricant maker
Fuchs Petrolub FPEG_p.DE fell by 7.3% in early Frankfurt trade
on Monday after the company posted a profit warning on Friday.
The company said on Friday that it expected a decline in
sales by 1% to 1.3 billion euros in the first half of 2019 and
earnings before interest and tax close to 20% below the same
2018 period, with no visibility of improvement in the second
half, citing global market weakness. urn:newsml:reuters.com:*:nFWN2450LR
(Reporting by Vera Eckert
Editing by Michelle Martin)
((vera.eckert@thomsonreuters.com; +49 69 7565 1228; Reuters
Messaging: vera.eckert.thomsonreuters.com@reuters.net))