Brief: Fuchs Petrolub 9M EBIT At EUR 280 Mln

Fuchs Se

28/10/2022 06:04

Oct 28 (Reuters) - FUCHS PETROLUB SE  FPEn.DE :
    * STRONG THIRD QUARTER SUPPORTS NINE-MONTH RESULTS IN A
CHALLENGING  MARKET ENVIRONMENT
    * OUTLOOK 2022: SALES REVENUES ABOVE EUR 3.3 BILLION
(PREVIOUSLY:
UPPER END OF EUR 3.0 TO 3.3 BILLION RANGE)
    * OUTLOOK 2022: EBIT AT PREVIOUS YEAR'S LEVEL (EUR 363
MILLION)
    * 9M SALES REVENUES AT EUR 2,542 MILLION PRICE- AND
CURRENCY-DRIVEN 19% ABOVE PRIOR YEAR
    * 9M EBIT AT EUR 280 MILLION ON PRIOR YEAR LEVEL
    * OUTLOOK 2022: FREE CASH FLOW BEFORE ACQUISITIONS
SIGNIFICANTLY
BELOW ORIGINALLY FORECAST VALUE OF AROUND EUR 220 MILLION DUE TO
INFLATION-RELATED INCREASE IN NET WORKING CAPITAL AND TIGHT
SUPPLY CHAIN SITUATION (UNCHANGED)

Source text for Eikon:  ID:nEQ89q4dxa 
Further company coverage:  FPEn.DE 
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