FUCHS successfully completed the difficult financial year 2020
FUCHS PETROLUB SE / Key word(s): Change in Forecast/Preliminary Results
Ad hoc Release
FUCHS Group achieved sales and earnings significantly above expectations in the fourth quarter 2020, in particular after a strong December. Thus, 2020 came in better than expected at the beginning of the fourth quarter.
The preliminary 2020 sales of the FUCHS Group amounted close to EUR 2.4 billion, 7% below the previous year's level. Operating business in the fourth quarter was significantly above expectations. For the financial year 2020, FUCHS therefore only expects a decline in earnings (EBIT) in the mid-single-digit percentage range (previously EBIT decline in the range of -15%).
The complete reporting for the 2020 financial year will be published as scheduled on March 9, 2021.
Mannheim, January 11, 2021
|Company:||FUCHS PETROLUB SE|
|Friesenheimer Str. 17|
|Phone:||+49 (0)621 / 3802-0|
|Fax:||+49 (0)621 / 3802-7190|
|Listed:||Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Tradegate Exchange|
|EQS News ID:||1159613|
|End of Announcement||DGAP News Service|