The globally operating lubricant producer FUCHS PETROLUB AG in Mannheim, Germany, remained successful in 2001 despite all macro-economic problems and a substantial decline in overall demand for lubricants. Sales and consolidated operating profits were increased. The uptrend is set to continue during 2002.
Sales rose in 2001 by 4.2 % to EUR 940.0 m (902.0). Internal growth was 3.7 %. Acquisitions contributed 1.4 %, while currency translation effects accounted for -0.9 %.
Consolidated operating profits were up on the preceding year. Europe, plus North and Latin America, remained the most profitable areas for the group in 2001 as well, though Asia-Pacific Rim's figures continued to rise.
Due to acquisitions and internal growth, the group anticipates sales of EUR 1,060 m (940) in 2002, plus a rise in consolidated net income.
Mannheim, March 27, 2002
FUCHS PETROLUB AG
Public Relations
Friesenheimer Str. 17
D-68169 Mannheim
Tel.: +49 621 3802 - 104