Ad hoc: FUCHS PETROLUB: Significant growth - sales revenues close to pre-crisis level

Ad hoc: FUCHS PETROLUB: Significant growth - sales revenues close to pre-crisis level

n the second quarter of 2010, the growth in the FUCHS PETROLUB Group's sales revenues continued to accelerate. At the same time, the Group was able to show an above-average growth in its earnings before interest and tax (EBIT) and earnings after taxes. Both sales revenues and earnings in the second quarter exceeded expectations.
 
During the first six months sales revenues of EUR 700.7 million (569.6) and EBIT of EUR 123.9 million (66.7) were achieved. Profit after tax amounts to EUR 86.5 million (43.1). All of the aforementioned figures are preliminary.
 
Due to the significant raw material price increases, the gross margin will decline in the coming months. The results of the previous quarters should therefore not be extrapolated to the second half of 2010. For the entire year we strive to surpass the EBIT mark of EUR 200 million and thereby record the highest EBIT in the Group’s history.
 
The complete interim report for the first six months of 2010 will be published as planned on  August 3, 2010.
 
Mannheim, July 23, 2010
 
FUCHS PETROLUB AG
Public Relations
Friesenheimer Str. 17
68169 Mannheim
Germany
Tel.: +49 (0) 621 3802-1124
 
 
This ad hoc message is also available on the internet at www.fuchs-oil.com
 
 
Important note
This ad hoc message contains statements about future developments that are based on assumptions and estimates by the management of FUCHS PETROLUB AG. 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 AG provides no guarantee that future developments and the results actually achieved in the future will agree with the assumptions and estimates set out in this ad hoc message and assumes no liability for such.