- Sales revenues up 10% to EUR 1.5 billion (currency: +6%; acquisitions: +4%)
- Earnings (EBIT) increase by 11% to EUR 261 million
- Outlook for the financial year remains unchanged
| Amounts in EUR million | Q1-3 2015 | Q1-3 2014 | Dev. % |
|---|---|---|---|
| Sales revenues (1) | 1.538.8 | 1.402.8 | 9.7 |
| Europe | 892.6 | 851.3 | 4.9 |
| Asia-Pacific, Africa | 443.4 | 378.1 | 17.3 |
| North and South America | 266.9 | 235.9 | 13.1 |
| Consolidation | -64.1 | -62.5 | - |
| Earnings before interest and tax (EBIT) | 260.9 | 235.9 | 10.6 |
| Earnings after tax | 180.9 | 164.1 | 10.2 |
| Earnings per share | |||
| Ordinary share | 1.30 | 1.17 | 11.1 |
| Preference share | 1.31 | 1.18 | 11.0 |
| Free cash flow | 33.4 | 107.9 | -69.1 |
| Investments in long-term assets | 29.1 | 23.8 | 22.3 |
| Employees as at September 30 | 4.347 | 4.124 | 5.4 |
(1) By company location
Performance The globally operating lubricant producer FUCHS PETROLUB SE generated sales revenues of EUR 1,539 million (1,403) in the first nine months of 2015, thus representing an increase of 10%. The growth is acquisition-driven (+4%) and reinforced by positive currency translation effects (+6%). Organic sales revenues grew by 0.1%. Deutsche Pentosin-Werke GmbH was consolidated for the first time in the third quarter of 2015. The acquisition of Statoil Fuel & Retail Lubricants Sweden AB had no effect on the financial statements for the first three quarters of 2015. Earnings before interest and tax (EBIT) increased by EUR 25 million or 11% to EUR 261 million (236). At the same time earnings after tax rose by EUR 17 million or 10% to EUR 181 million (164). Earnings per share are EUR 1.30 (1.17) per ordinary share and EUR 1.31 (1.18) per preference share. Free cash flow stood at EUR 33 million (108) after net payments of EUR 110 million for acquisitions. Capital expenditures In the period under review, EUR 29 million (24) were invested in property, plant and equipment. This investment was focused on Germany (particularly in a new test field and new tank storage facilities), Australia (new plant) and the USA (new grease plant). Employees As at September 30, 2015, the global workforce of the FUCHS PETROLUB Group consisted of 4,347 employees (4,124). The Group's workforce has increased by 235 people since the end of the previous year, primarily as a result of the acquisition of Deutsche Pentosin-Werke GmbH (149 employees in Germany and 27 employees in Brazil). Outlook The FUCHS PETROLUB Group expects sales revenues to grow by around 10% for the financial year, largely as a result of acquisitions and currency translation effects. Organic sales revenues are likely to remain at the same level or increase slightly compared to the previous year. In terms of EBIT and earnings after tax, the Group continues to anticipate an increase in the higher single-digit percentage range. Furthermore, the FUCHS PETROLUB Group expects to record free cash flow of more than EUR 150 million before acquisition-related expenditure. Mannheim, November 3, 2015 FUCHS PETROLUB SE
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E-mail: tina.vogel@fuchs-oil.de The information below can be accessed at the following web addresses: Press release:
www.fuchs.com/groupInterim report as at September 30, 2015:
http://www.fuchs.com/group/investor-relations/publications/annual-report-and-interim-reports/Press photos:
http://fuchs.com/group/press/press-service/photo-gallery/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, for example, include changes in the overall economic climate, changes in procurement prices, changes to exchange rates and interest rates, and changes within 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.