DGAP-News: FUCHS PETROLUB SE / Key word(s): Preliminary Results
FUCHS increases sales revenues and earnings again in 2013
28.02.2014 / 07:00
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FUCHS increases sales revenues and earnings again in 2013
- Organic growth of 4.0% - only slight increase in sales revenues due to
currency effects
- EBIT up by 6.6%
- Dividend proposal of EUR 1.40 per preference share
FUCHS PETROLUB SE, with global operations in the lubricant business,
successfully concludes 2013 with a good fourth quarter. Group sales
revenues rose to EUR 1,831.6 million with earnings also up again. In
organic terms, sales revenues rose 4.0% in the financial year. Taking into
account currency effects a growth of 0.7% was recorded. Earnings before
interest and tax (EBIT) and profit after tax both recorded above-average
growth. EBIT rose 6.6% to EUR 312.3 million, while profit after tax
increased 5.6% to EUR 218.6 million.
At the same time the Group has further strengthened its balance sheet with
a free cash flow of EUR 149.9 million. All figures are still provisional.
Subject to approval of a corresponding resolution by the Supervisory Board
on March 19, 2014, the Executive Board of FUCHS PETROLUB SE intends to
propose a dividend of EUR 1.40 per preference share and EUR 1.38 per
ordinary share for the financial year 2013 to the Annual General Meeting
scheduled for May 7, 2014. This would represent an increase of just under
8%.
Based on forecasts predicting higher growth of the global economy for 2014
compared to 2013, FUCHS anticipates further increases in both, sales
revenues and earnings.
The complete financial statements for 2013 will be published on March 20,
2014 and presented during the balance sheet press conference.
Key figures of the Group
<pre>
(Amounts in EUR million) 2013 (1) 2012
Sales revenues 1,831.6 1,819.1
EBIT 312.3 293.0
Profit after tax (2) 218.6 207.0
Earnings per share in EUR
Ordinary share 3.06 2.90
Preference share 3.08 2.92
Dividends in EUR
Ordinary share 1.38 (3) 1.28
Preference share 1.40 (3) 1.30
Free cash flow 149.9 140.4
Employees (December 31) 3,888 3,773
</pre>
(1) Provisional figures
(2) Comparable previous year's figure
(3) Proposal of the Executive Board
Mannheim, February 28, 2014
FUCHS PETROLUB SE
Public Relations
Friesenheimer Str. 17
68169 Mannheim Germany
Tel: +49 (0)621 3802-1104
E-mail: tina.vogel@fuchs-oil.de
The information below can be accessed at the following web addresses:
Press release:
www.fuchs-oil.com
Press photos:
http://www.fuchs-oil.com/pressphotos1.html
Important note
This press release contains statements about future developments that are
based on assumptions and estimates by the management of FUCHS PETROLUB SE.
Even if the management is of the opinion that these assumptions and
estimates are accurate, future actual developments and future actual
results may differ significantly from these assumptions and estimates due
to a variety of factors. These factors can include changes in the overall
economic climate, changes to exchange rates and interest rates, and changes
in the lubricants industry. FUCHS PETROLUB SE provides no guarantee that
future developments and the results actually achieved in the future will
match the assumptions and estimates set out in this press release and
assumes no liability for such.
End of Corporate News
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28.02.2014 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: FUCHS PETROLUB SE
Friesenheimer Str. 17
68169 Mannheim
Germany
Phone: +49 (0)621 / 3802-0
Fax: +49 (0)621 / 3802-7190
E-mail: ir@fuchs-oil.de
Internet: www.fuchs-oil.de
ISIN: DE0005790430, DE0005790406
WKN: 579043, 579040
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Stuttgart;
Freiverkehr in Berlin, Düsseldorf, Hamburg, München
End of News DGAP News-Service
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254831 28.02.2014
DGAP-News: FUCHS increases sales revenues and earnings again in 2013
| Source: EQS Group AG