Fuchs Petrolub AG / Dividend/Final Results
Release 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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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
2006 1) 2005
Sales revenues 1,323.3 Euro mn 1,192.2 Euro mn
EBIT 161.2 Euro mn 128.8 Euro mn
Net profit after taxes 97.2 Euro mn 74.2 Euro mn
Dividend
per preference share 1.00 2) Euro 0.77 3) Euro
per ordinary share 0.94 2) Euro 0.71 3) Euro
1) Preliminary figures
2) Proposal of the Executive Board
3) Including the anniversary bonus of Euro 0.10 per share
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
http://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.
DGAP 27.02.2007
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Language: English
Issuer: Fuchs Petrolub AG
Friesenheimer Str. 17
68169 Mannheim Deutschland
Phone: +49 (0)621 / 3802-0
Fax: +49 (0)621 / 3802-190
E-mail: contact-de.fpoc@fuchs-oil.de
WWW: www.fuchs-oil.de
ISIN: DE0005790430, DE0005790406
WKN: 579043, 579040
Indices:
Listed: Amtlicher Markt in Frankfurt (Prime Standard), Stuttgart;
Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg, München
End of News DGAP News-Service
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