- Sales revenues up 10% to EUR 1 billion (currency adjusted +2%)
- Earnings (EBIT) increase by 13% to EUR 172 million
- Positive outlook for the financial year reaffirmed
| Amounts in EUR million | H1 2015 | H1 2014 | Dev. % |
|---|---|---|---|
| Sales revenues (1) | 1.007.6 | 919.3 | 9.6 |
| Europe | 571.2 | 561.0 | 1.8 |
| Asia-Pacific, Africa | 302.2 | 246.1 | 22.8 |
| North and South America | 176.1 | 153.3 | 14.9 |
| Consolidation | -41.9 | -41.1 | |
| Earnings before interest and tax (EBIT) | 171.6 | 151.2 | 13.5 |
| Earnings after tax | 118.8 | 105.4 | 12.7 |
| Earnings per share | |||
| Ordinary share | 0.85 | 0.75 | 13.3 |
| Preference share | 0.86 | 0.76 | 13.2 |
| Free cash flow | 75.2 | 44.9 | 67.5 |
| Investments in long-term assets | 16.0 | 15.1 | 6.0 |
| Employees as at June 30 | 4.158 | 3.992 | 4.2 |
(1) By company location
Performance The globally operating lubricant producer FUCHS PETROLUB SE generated sales revenues of EUR 1 billion (919 million) in the first half of 2015, thus representing an increase of 10%. Adjusted for currency effects, sales revenues increased by 2%. Organic sales revenues grew by 1%. Earnings before interest and tax (EBIT) increased by EUR 20 million or 13% to EUR 172 million (151). At the same time earnings after tax rose by EUR 13 million or 13% to EUR 119 million (105). Earnings per share are EUR 0.85 (0.75) per ordinary share and EUR 0.86 (0.76) per preference share.
Free cash flow reached a value of EUR 75 million (45). The acquisitions of Deutsche Pentosin-Werke GmbH and Statoil Fuel & Retail Lubricants Sweden AB had no effect on the half-year financial statements 2015. Capital expenditures
In the period under review, EUR 16 million (15) were invested in property, plant and equipment. Around half of all investments were made in Germany. Further focuses included the US and China. Appreciable investments are scheduled for the second half of the year in Australia, the US and Germany. Employees
The Group employed 4,158 (3,992) employees worldwide as at June 30, 2015. Compared with the 4,112 employees recorded at the end of the previous year, this represents an increase of 46 people. Outlook
The FUCHS PETROLUB Group remains committed to its forecast, based on which organic sales revenues are likely to remain at or slightly above the previous year's level. Added to this is external growth in the mid-single-figure percentage range resulting from acquisitions. Should the euro remain weak, EBIT and earnings after tax are set to record a higher single-figure percentage increase. In terms of free cash flow, the Group continues to anticipate the amount to once again exceed EUR 150 million before capital expenditure in connection with acquisitions. Mannheim, August 4, 2015 FUCHS PETROLUB SE
Public Relations
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68169 Mannheim
Tel: +49 621 3802-1104
E-Mail: tina.vogel@fuchs-oil.de The information below can be accessed at the following web addresses: Press release:
www.fuchs.com/group/
Interim report as at June 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.