Record earnings again in the anniversary year 2006 - Substantial increase in dividends planned
- Strong increase in sales revenues and disproportionate growth of profits
- Dividend planned to be raised to Euro 1.00 per preference share
FUCHS PETROLUB AG globally operating in the lubricants business achieved a strong increase in sales revenues and profits in the 2006 financial year. The sales revenues increased by 11% to Euro 1,323.3 million (1,192.2). Net profit rose disproportionately by 31% to Euro 97.2 million. Earnings before interest and taxes (EBIT) amounted to Euro 161.2 million (128.8) corresponding to an increase of 25%. All figures are still provisional.
Good earnings were accompanied by a strong development of cashflow. This means that the balance sheet has been further strengthened.
The Executive Board of FUCHS PETROLUB AG therefore decided - subject to a corresponding decision of the Supervisory Board on March 22, 2007 - to recommend to the annual general meeting taking place on May 2, 2007 a dividend of Euro 1.00 per preference share and Euro 0.94 per ordinary share for the financial year 2006. Therefore the amount of dividends to be paid would increase by 44 % compared to the previous year.
FUCHS PETROLUB expects a growth of sales revenues in 2007 which, however, will not reach the high inflation-induced growth rates of the previous years. With regard to EBIT, FUCHS will strive towards continuing the success of the previous year although the exceptional growth rates achieved more recently should not be anticipated.
The complete 2006 financial statements will be presented on March 23, 2007 and explained within the framework of the annual press conference.
Key data of the Group
| 20061) | 2005 | |
|---|---|---|
| Umsatz | 1.323,3 Mio Euro | 1.192,2 Mio Euro |
| EBIT | 161,2 Mio Euro | 128,8 Mio Euro |
| Ergebnis nach Steuern | 97,2 Mio Euro | 74,2 Mio Euro |
| Dividende | ||
| - je Vorzugsaktie - je Stammaktie | 1,00 2) Euro 0,94 2) Euro | 0,77 3) Euro 0,71 3) Euro |
2) Proposal of the Executive Board
3) Including the anniversary bonus of Euro 0.10 per share
Mannheim 27 February 2007
FUCHS PETROLUB AG
Public Relations
Friesenheimer Str. 17
68169 Mannheim
Phone: (0621) 3802 - 105
The ad hoc-release can also be found on the Internet at www.fuchs-oil.de.
Important note
This ad hoc-release contains statements about future development 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 to 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.