FUCHS successfully concludes 2011 with a good fourth quarterFUCHS PETROLUB AG, with global operations in the lubricant business, recorded sales revenues and income well above expectations in the fourth quarter of 2011. This was largely due to an excellent December. The year 2011 ended better than anticipated at the start of the fourth quarter. For the year 2011, FUCHS recorded sales revenues of EUR 1,668 million (1,459) and earnings before interest and taxes (EBIT) of EUR 264 million (250). The increase in sales revenues of around 14 % was accompanied by EBIT growth of just under 6 %. Earnings after taxes were EUR 183 million (172). Earnings per share increased by approximately 7 % to EUR 2.56 (2.39) per ordinary share and EUR 2.58 (2.41) per preference share. The Group generated free cash flow of around EUR 58 million (78), despite transferring EUR 56 million German pension liabilities to an external pension fund. In addition to this, more working capital had to be financed due to the significant growth in sales. All figures are still provisional. Subject to a corresponding resolution of the Supervisory Board on March 21, 2012, the Executive Board at FUCHS PETROLUB AG will propose a dividend increase of 11 % to EUR 1.00 (0.90) per preference share and EUR 0.98 (0.88) per ordinary share to the Annual General Meeting scheduled for May 9, 2012. On the basis that the global economy will develop positively despite the well-known difficulties, FUCHS is planning further organic growth in sales revenues and improved earnings before interest and taxes (EBIT) for the financial year 2012. The complete financial statements for 2011 will be published on March 22, 2012 and presented during the balance sheet press conference. This ad hoc release replaces the publication of provisional figures for the 2011 financial statements on February 24, 2012 as listed in our financial calendar.Key figures of the Group
Test| Werte in Mio EUR | 2011 | 2010 |
|---|
| Umsatz | 123 | 321 |
| Ebit | 456 | 654 |
| Ergebnis | 789 | 987 |
|
| | |
| (Werte in Mio EUR) | 2011 (1) | 2010 |
|---|
| Umsatz | 1.668 | 1.459 |
| EBIT | 264 | 250 |
| Ergebnis nach Steuern | 183 | 172 |
| Ergebnis je Aktie in EUR | | |
| Stammaktie | 2,56 | 2,39 |
| Vorzugsaktie | 2,58 | 2,41 |
| Dividende in EUR | | |
| Stammaktie | 0,98 (2) | 0,88 |
| Vorzugsaktie | 1,00 (2) | 0,90 |
| Freier Cashflow | 58 | 78 |
| Mitarbeiter | 3.722 | 3.584 |
(1) Provisional figures
(2) Proposal of the Executive Board
Mannheim, February 17, 2012
FUCHS PETROLUB AG
Public Relations
Friesenheimer Str. 17
68169 Mannheim
Tel.: ++49 (0) 621 3802 – 1124
E-Mail: tina.vogel@fuchs-oil.de
This ad hoc release is also available on the Internet at www.fuchs-oil.com.
Important note
This ad hoc release contains statements about future developments that are based on assumptions and estimates made 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 release and assumes no liability for such.