Fuchs Petrolub AG / Key word(s): Preliminary Results
17.02.2012 08:20
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Ad hoc
FUCHS successfully concludes 2011 with a good fourth quarter
- Sales revenues up 14 % to EUR 1,668 million (1,459)
- Earnings before interest and taxes reach EUR 264 million (250)
- Dividend to be increased to EUR 1.00 per preference share
FUCHS 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
Amounts in EUR million 2011 (1) 2010
Sales revenues 1,668 1,459
EBIT 264 250
Profit after tax 183 172
Earnings per share in EUR
Ordinary share 2.56 2.39
Preference share 2.58 2.41
Dividends in EUR
Ordinary share 0.98 (2) 0.88
Preference share 1.00 (2) 0.90
Free cash flow 58 78
Employees 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
http://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.
17.02.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Fuchs Petrolub AG
Friesenheimer Str. 17
68169 Mannheim
Germany
Phone: +49 (0)621 / 3802-0
Fax: +49 (0)621 / 3802-7190
E-mail: ir@fuchs-oil.de
Internet: www.fuchs-oil.de
ISIN: DE0005790406, DE0005790430
WKN: 579040, 579043
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Stuttgart;
Freiverkehr in Berlin, Düsseldorf, Hamburg, München
End of Announcement DGAP News-Service
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