FUCHS PETROLUB SE https://fuchs.com en Thu, 24 Jun 2021 12:03:42 +0200 Thu, 24 Jun 2021 12:03:42 +0200 news-5957 Thu, 10 Jun 2021 19:50:21 +0200 DGAP-DD: FUCHS PETROLUB SE english https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/5957-dgap-dd-fuchs-petrolub-se-english/ DGAP-DD: FUCHS PETROLUB SE english

 

DGAP-DD: FUCHS PETROLUB SE english

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

         
    Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
              10.06.2021 / 19:49
      The issuer is solely responsible for the content of this announcement.
   

                                    1. Details of the person discharging managerial responsibilities / person closely associated

a) Name
Title:
First name: Mary-Ann
Last name(s): Fuchs

2. Reason for the notification

a) Position / status
Person closely associated with:
Title:
First name: Stefan
Last name(s): Fuchs
Position: Member of the managing body

  b) Initial notification
 
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a) Name
FUCHS PETROLUB SE

b) LEI
529900SNF9E1P5ZO4P98 

                                              4. Details of the transaction(s)

a) Description of the financial instrument, type of instrument, identification code
Type: Share
ISIN: DE0005790406

b) Nature of the transaction
Acquisition

c) Price(s) and volume(s)
Price(s) Volume(s)
34.2000 EUR 16313.40 EUR
34.1500 EUR 3415.00 EUR
34.1000 EUR 5319.60 EUR
34.2500 EUR 5034.75 EUR

d) Aggregated information
Price Aggregated volume
34.1849 EUR 30082.75 EUR

e) Date of the transaction
2021-06-10; UTC+2

f) Place of the transaction
Name: XETRA
MIC: XETR

   
                   

10.06.2021 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

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Directors Dealing
news-5955 Thu, 10 Jun 2021 19:45:23 +0200 DGAP-DD: FUCHS PETROLUB SE english https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/5955-dgap-dd-fuchs-petrolub-se-english/ DGAP-DD: FUCHS PETROLUB SE english

 

DGAP-DD: FUCHS PETROLUB SE english

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

         
    Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
              10.06.2021 / 19:44
      The issuer is solely responsible for the content of this announcement.
   

                                    1. Details of the person discharging managerial responsibilities / person closely associated

a) Name
Title:
First name: Anna-Louisa
Last name(s): Fuchs

2. Reason for the notification

a) Position / status
Person closely associated with:
Title:
First name: Stefan
Last name(s): Fuchs
Position: Member of the managing body

  b) Initial notification
 
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a) Name
FUCHS PETROLUB SE

b) LEI
529900SNF9E1P5ZO4P98 

                                              4. Details of the transaction(s)

a) Description of the financial instrument, type of instrument, identification code
Type: Share
ISIN: DE0005790406

b) Nature of the transaction
Acquisition

c) Price(s) and volume(s)
Price(s) Volume(s)
34.2000 EUR 6840.00 EUR
34.1500 EUR 3141.80 EUR
34.1000 EUR 6479.00 EUR
34.2500 EUR 13631.50 EUR

d) Aggregated information
Price Aggregated volume
34.1958 EUR 30092.30 EUR

e) Date of the transaction
2021-06-10; UTC+2

f) Place of the transaction
Name: XETRA
MIC: XETR

   
                   

10.06.2021 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

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Directors Dealing
news-5953 Thu, 10 Jun 2021 12:50:03 +0200 FUCHS strengthens specialty business by acquiring the lubricants business of Gleitmo Technik AB, Sweden https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/5953-fuchs-strengthens-specialty-business-by-acquiring-the-lubricants-business-of-gleitmo-technik-ab-sweden/ FUCHS strengthens specialty business by acquiring the lubricants business of Gleitmo Technik AB, Sweden

 

FUCHS strengthens specialty business by acquiring the lubricants business of Gleitmo Technik AB, Sweden

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  DGAP-News: FUCHS PETROLUB SE     / Key word(s): Acquisition    
                10.06.2021 / 12:50
      The issuer is solely responsible for the content of this announcement.
   

FUCHS strengthens specialty business by acquiring the lubricants business of Gleitmo Technik AB, Sweden

 

The FUCHS Group, which operates globally in the lubricants industry, has today signed an agreement to acquire the lubricants business of Gleitmo Technik AB in Kungsbacka, Sweden, as of July 1, 2021, and will integrate it into its subsidiary FUCHS LUBRICANTS SWEDEN AB.

 

FUCHS acquires 100% of the shares in Gleitmo Technik AB through a Share Purchase Agreement which includes the customer base, the product portfolio, the workforce and a lease agreement of the Gleitmo office and warehouse in Kungsbacka in particular.

 

The bundling of sales channels makes FUCHS LUBRICANTS SWEDEN AB a central and authoritative partner for all lubricants and related specialties in Sweden and the Nordic Region.

 

As a longstanding trading partner of FUCHS, Gleitmo Technik AB generated sales revenues of around EUR 6 million in the financial year 2020. The company currently employs ten people.

 

Mannheim, June 10, 2021

 

FUCHS PETROLUB SE
Public Relations
Friesenheimer Str. 17
68169 Mannheim
Tel. +49 621 3802-1104
tina.vogel@fuchs.com

www.fuchs.com/group

The following information is available online:
Image and video material: https://www.fuchs.com/gb-en/photo-gallery/

 

About FUCHS
FUCHS develops, produces and markets high-grade lubricants and related specialties for virtually all industries and areas of application. The company, which was founded in Mannheim in 1931, employs around 6,000 people worldwide at 58 operating companies. FUCHS is the world's largest independent lubricant manufacturer. The most important markets in terms of sales revenue are Western Europe, Asia and North America.

 

Important note
This press release contains future-oriented statements, which are based on assumptions and estimates by the corporate management of FUCHS PETROLUB SE. Even if the corporate management is of the opinion that these assumptions and estimates are true, the future actual development and future actual results may differ significantly from these assumptions and estimates due to a variety of factors. These factors can include, for example, a change in the macroeconomic situation, the procurement prices, the exchange rates and interest rates as well as changes within the lubricant industry. FUCHS PETROLUB SE accepts no guarantee or liability for the future development and the actual results achieved in future matching the assumptions and estimates expressed in this press release.

 
                   

10.06.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

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Press Release
news-5951 Mon, 03 May 2021 10:46:18 +0200 ​​​​​​​FUCHS actively reduces carbon footprint by more than 8% https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/5951-fuchs-actively-reduces-carbon-footprint-by-more-than-8/ ​​​​​​​FUCHS actively reduces carbon footprint by more than 8%

 

​​​​​​​FUCHS actively reduces carbon footprint by more than 8%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  DGAP-News: FUCHS PETROLUB SE     / Key word(s): Sustainability    
                03.05.2021 / 10:46
      The issuer is solely responsible for the content of this announcement.
   

FUCHS actively reduces carbon footprint by more than 8%

The FUCHS Group, which operates globally in the lubricants industry, has converted its entire European electricity consumption for 2020 and 2021 to 100% green energy. In doing so, the Group has reduced the FUCHS companies' carbon footprint for 2020 by more than 8% worldwide.

 

Since the start of 2020, all manufacturing subsidiaries of the FUCHS Group have been carbon-neutral gate-to-gate. This means that all emissions associated with production and operating activities have been neutralized since 2020. "This includes all direct and indirect emissions within the gates of our FUCHS manufacturing subsidiaries through energy and water consumption, waste generation as well as fleet operation, travelling and our employees commuting to work," explains Markus Garb, Vice President Sustainability.

 

To compensate for unavoidable emissions, FUCHS is investing in six certified climate protection key projects each year. However, based on the principle "Avoid - Reduce - Compensate," compensation through the purchase of climate protection certificates is only the last option in achieving carbon neutrality. FUCHS is continuously working on reducing its corporate emissions.

 

An important step was converting the power supply in all European subsidiaries to green energy for 2020 and 2021. "We achieved this by purchasing "guarantees of origin" for energy generation with a volume of just over 40 gigawatt hours (GWh) from a European wind power plant. By doing this, all our electricity consumption of the European sites will be covered by renewable energy in 2020 and 2021, and is therefore carbon-neutral to our corporate carbon footprint. We are particularly proud that, with this step alone, we were able to reduce our corporate carbon footprint for 2020 by more than 8% worldwide," says Garb. "This is a key element of our FUCHS neutrality strategy, in which we aim to continuously lower our specific energy consumption while, at the same time, increasing the use of "green" energy (regeneratively produced energy) worldwide."

FUCHS has also taken significant steps towards producing its own energy at selected FUCHS sites. FUCHS operates numerous plants and warehouses worldwide with a large roof area that can be used for the installation of solar panels. That's exactly what has recently happened at the Spanish site in Castellbisbal. An installation covering 1,650 square meters with an installed power of 335 kilowatt peak was built on the roofs of several warehouses. "We will be able to cover around 43% of our annual power consumption with the new solar system," reports Eladio Cuadrado, Managing Director of FUCHS in Spain. FUCHS companies in Australia, India, South Africa and the UK already operate solar panels, and more are being planned.

 

By 2025, the company aims to also sell carbon-neutral products (cradle-to-gate) to its customers. This means that suppliers and their raw materials will also be included, and FUCHS will be able to process more sustainable raw materials for carbon-neutral products in the future. To this end, standards are currently being developed together with partners and associations in order to quantify and record sustainability along the entire value chain.

 

Mannheim, May 3, 2021

 

FUCHS PETROLUB SE
Public Relations
Friesenheimer Str. 17
68169 Mannheim
Tel. +49 (0)621 3802 1104
tina.vogel@fuchs.com

www.fuchs.com/group

 

The following information material is available online:

FUCHS-Storyportal EVOLE "The power of the Sun":
https://www.fuchs.com/group/magazine/en/topics/detail/the-power-of-the-sun/

The FUCHS sustainability milestone:
https://www.fuchs.com/group/technology-sustainability/sustainability/milestones-of-fuchs-sustainability/

Press release October 18, 2019 "FUCHS to be CO2-neutral globally by 2020":
https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/5059-fuchs-to-be-co2-neutral-globally-by-2020/

 


About FUCHS
FUCHS develops, produces and markets high-grade lubricants and related specialties for virtually all industries and areas of application. The company, which was founded in Mannheim in 1931, employs around 6,000 people worldwide at 58 operating companies. FUCHS is the world's largest independent lubricant manufacturer. The most important markets in terms of sales revenue are Western Europe, Asia and North America.

 

Important note
This press release contains future-oriented statements, which are based on assumptions and estimates by the corporate management of FUCHS PETROLUB SE. Even if the corporate management is of the opinion that these assumptions and estimates are true, the future actual development and future actual results may differ significantly from these assumptions and estimates due to a variety of factors. These factors can include, for example, a change in the macroeconomic situation, the procurement prices, the exchange rates and interest rates as well as changes within the lubricant industry. FUCHS PETROLUB SE accepts no guarantee or liability for the future development and the actual results achieved in future matching the assumptions and estimates expressed in this press release.

 
                   

03.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

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Press Release
news-5949 Thu, 29 Apr 2021 07:00:12 +0200 FUCHS with a strong start into 2021 https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/5949-fuchs-with-a-strong-start-into-2021/ FUCHS with a strong start into 2021  

 

 

FUCHS with a strong start into 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DGAP-News: FUCHS PETROLUB SE / Key word(s): Quarterly / Interim Statement
29.04.2021 / 07:00
The issuer is solely responsible for the content of this announcement.

FUCHS with a strong start into fiscal year 2021

  • Sales revenues at EUR 697 million 13% above prior year
  • EBIT at EUR 101 million 40% above prior year
  • Full-year outlook raised:
    • Sales between EUR 2.7 billion and EUR 2.8 billion
      (previously: 2019 level (EUR 2.6 billion))
    • EBIT between EUR 330 million and EUR 340 million
      (previously: 2020 level (EUR 313 million))

FUCHS at a glance

EUR million Q1 2021   Q1 2020  Change  Change % 
Sales revenues 1 697 616 81 13
Europe, Middle East, Africa 419 401 18 5
Asia-Pacific 213 146 67 46
North and South America 111 110 1 1
Consolidation -46 -41 -5 -
EBIT 101 72 29 40
Earnings after tax 71 51 20 39
Capital expenditure 15 31 -16 -52
Free cash flow before acquisitions 31 -4 35 -
Earnings per share in EUR        
Ordinary share 0.51 0.36 0.15 42
Preference share 0.51 0.37 0.14 38
Employees as at March 31 5,742 5,873 -131 -2

1 By company location.

"We had all expected a good start into the new fiscal year at FUCHS. However, the pleasing start to the year with sales revenues of EUR 697 million and earnings of EUR 101 million exceeded our expectations. This positive development was driven by China, which generated record quarterly sales revenues and significantly contributed to the Asia-Pacific region doubling its earnings compared to the previous year. EMEA and North and South America also developed extremely positively with an earnings growth of 14% and 33% respectively - especially given that, in contrast to earnings in the Asia-Pacific region, their prior-year quarters were not yet impacted by the COVID-19 pandemic.
We are optimistic for the coming months, too, and have therefore raised our outlook. However, the current shortages and noticeable price increases of raw materials and packaging materials will weigh on costs and margins of the financial year. The high quarterly sales revenues are therefore at least partly the result of early purchases by our customers in view of the already announced, necessary selling price increases."

Stefan Fuchs, Chairman of the Executive Board of FUCHS PETROLUB SE

Business Development in the Group
FUCHS PETROLUB achieved sales of EUR 697 million (616) in the first quarter of 2021, which was 13% higher than in the previous year. This development was driven in particular by record sales in the region Asia-Pacific, which was boosted by strong demand from the automotive sector in China. In addition, the strong demand in the first quarter can partly be explained by early purchases in view of expected selling price increases.
At EUR 101 million (72), EBIT was 40% higher than in the previous year. The Asia-Pacific region made a significant contribution to the strong quarterly result by doubling its earnings.
Earnings after taxes rose by 39% to EUR 71 million (51).
Earnings per ordinary share were EUR 0.51 (0.36), earnings per preference share were EUR 0.51 (0.37).
Free cash flow before acquisitions was EUR 31 million (-4), well above the previous year.

Sales and earnings in the regions
At EUR 419 million (401), sales in the region Europe, Middle East, Africa (EMEA) were 5% above the previous year's level. All major countries contributed to the growth. Germany benefited from high group deliveries to China. EBIT rose by 14% to EUR 49 million (43).
Asia-Pacific recorded a record quarter with sales growing 46% to EUR 213 million (146) compared to the quarter of the previous year, which had already been affected by the Covid-19 pandemic. Thanks to high sales in the automotive sector, China achieved the highest quarterly sales in the company's history. The EBIT developed very strongly and doubled to EUR 34 million (17) compared to the previous year.
Sales in North and South America kept almost stable at EUR 111 million (110) compared to the previous year. Despite the massive freeze with supply bottlenecks, organic growth was achieved compared to the same period of the previous year. The region was also able to benefit from external sales growth. Negative currency effects, however, almost completely leveled out the growth. Thanks to the improved margin and cost savings, EBIT rose by a third to EUR 16 million (12) compared to the previous year, which was, however, burdened by bad debts.

Outlook
In its latest publication, the International Monetary Fund (IMF) raised its forecast for growth in the global economy in the current year from 5.5% to 6.0%. The driving forces behind this positive development were the US and particularly China.
FUCHS will also benefit from this positive growth trend. At the same time, however, we are facing huge price increases for raw materials and shortages of these, which will drive up costs and squeeze margins in the current financial year. This will necessitate increases in selling prices, which will impact our sales revenues. Purchase and selling price increases will lead to a higher level of tied-up funds. We expect our results in the first half of the year to significantly exceed the previous year's level, but in the second half we will have to measure up against high prior-year figures.

FUCHS is raising its forecast for the financial year 2021 as follows:

  • Sales revenues: between EUR 2.7 billion and EUR 2.8 billion
    (previously: 2019 level (EUR 2.6 billion))
  • EBIT: between EUR 330 million and EUR 340 million
    (previously: 2020 level (EUR 313 million))
  • FVA: around EUR 180 million (previously: around EUR 160 million)
  • Free cash flow before acquisitions: around EUR 110 million
    (previously: around EUR 160 million)

The effects of the crisis on supply chains, production and customer demand cannot be reliably estimated currently. The new forecast is based on the assumption that there will not be any major lockdowns in the key regions for FUCHS over the remainder of the year.
 

Mannheim, April 29, 2021
 

FUCHS PETROLUB SE
Public Relations
Friesenheimer Str. 17
68169 Mannheim
Tel. +49 621 3802-1104
tina.vogel@fuchs.com

www.fuchs.com/group

The following information is available online:
Image and video material: https://www.fuchs.com/gb-en/photo-gallery/

About FUCHS
The FUCHS Group develops, produces and markets high-grade lubricants and related specialties for virtually all industries and areas of application. Formed in Mannheim in 1931, the Group employs almost 5,800 people worldwide at 58 operating companies. FUCHS is the world's largest independent lubricant manufacturer. Its most important markets in terms of sales revenues are Western Europe, Asia and North America.

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, actual future developments and results can 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 in 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.

 

29.04.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Press Release
news-5947 Tue, 13 Apr 2021 18:11:45 +0200 FUCHS PETROLUB SE: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/5947-fuchs-petrolub-se-release-according-to-article-40-section-1-of-the-wphg-the-german-securities-trading-act-with-the-objective-of-europe-wide-distribution/ FUCHS PETROLUB SE: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

 

FUCHS PETROLUB SE: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  FUCHS PETROLUB SE      
                13.04.2021 / 18:11
    Dissemination of a Voting Rights Announcement transmitted by DGAP - a service of EQS Group AG.
  The issuer is solely responsible for the content of this announcement.
   

 

Information pursuant to section 43 of the German Securities Trading Act

 

Pursuant to section 43 of the German Securities Trading Act and in connection with the exceedance of the 10% threshold on March 11, 2021, Mawer Investment Management Ltd., Toronto, Canada informed us on April 12, 2021 on the following:

 

'Mawer Investment Management Ltd. (Mawer) is an independent investment firm that provides discretionary portfolio management services to clients, including investment funds and managed accounts.

 

Mawer does not directly hold any voting rights in FUCHS PETROLUB SE (the Issuer). Mawer has the power to control the exercise of a right to vote attached to the securities of the Issuer on behalf of its clients.

 

Mawer makes the following statements as required under section 43(1) of the German Securities Trading Act (Wertpapierhandelsgesetz):

 

The investment is solely aimed at generating trading profits (i.e. investment returns) for Mawer's clients.

 

Mawer continually monitors and reviews each company that we hold to assess the value and investment quality of such company. We may acquire further voting rights in the Issuer for accounts of our clients within the next twelve months depending on our assessment and/or any additional client investment with Mawer. These voting rights would then again be fully attributed to Mawer.

 

Securities are purchased or sold by Mawer on behalf of our clients for investment purposes only and not for the purpose of exercising control or direction over the Issuer. Hence, Mawer has currently no intention to influence the composition of the management or supervisory board of the Issuer.

 

However, Mawer may engage with the Issuer through proxy voting and/or active discussions on all aspects of the Issuer's strategy and performance, including matters related to environmental, social, and governance (ESG).

 

Mawer's engagement with the Issuer may involve considerations of the Issuer's capital structure. Any such engagement will depend on the Mawer's assessment of the Issuer's value, investment quality and the current capital structure arrangements.

 

Mawer did not raise any equity or debt funds for the acquisition of the voting rights.'

 
                   

13.04.2021 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

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news-5945 Wed, 24 Mar 2021 14:00:16 +0100 FUCHS opens a new production plant for polyurea lubricating greases at its Kaiserslautern site (news with additional features) https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/5945-fuchs-opens-a-new-production-plant-for-polyurea-lubricating-greases-at-its-kaiserslautern-site-news-with-additional-features/ FUCHS opens a new production plant for polyurea lubricating greases at its Kaiserslautern site (news with additional features)

 

FUCHS opens a new production plant for polyurea lubricating greases at its Kaiserslautern site (news with additional features)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  DGAP-News: FUCHS PETROLUB SE     / Key word(s): Miscellaneous    
                24.03.2021 / 14:00
      The issuer is solely responsible for the content of this announcement.
   

FUCHS opens a new production plant for polyurea lubricating greases at its Kaiserslautern site

The FUCHS Group, which operates globally in the lubricants industry, has invested EUR 25 million in its Kaiserslautern site and officially inaugurated a new production facility on March 24. A fully automated production plant for polyurea and other lubricating grease specialties has been built on a 2,000 m² footprint on the over 90,000 m² premises of FUCHS LUBRITECH GmbH, which is based there.

 

The production plant is state-of-the-art and sets the highest standards in terms of safety, energy use and environmental protection in the manufacturing process. "The new production is one of our final projects in the global growth initiative launched in 2016, which is focused on capacity increase in line with advanced technology," said Stefan Fuchs, Chairman of the Executive Board of FUCHS PETROLUB SE. "It will enable us to significantly increase the production capacity of polyurea greases, allowing us to respond quickly to specific customer requirements and supply tailor-made polyurea greases, for example for use in the e-mobility, wind power and food industries."

 

"The new plant is a milestone for the entire FUCHS Group in terms of the production and distribution of polyurea greases. The production concept implemented will serve as a blueprint for other Group sites and sets a global standard for grease technology at FUCHS," explains Lucas Haaß, Managing Director of FUCHS LUBRITECH and responsible for Production and Supply Chain.

 

After the current investment, FUCHS LUBRITECH GmbH, which currently employs 353 people at its Kaiserslautern site, still has a considerable area of land available for future expansion on the premises.

 

Mannheim, March 24, 2021

 

FUCHS PETROLUB SE
Public Relations
Friesenheimer Str. 17
68169 Mannheim
Tel. +49 621 3802-1104
tina.vogel@fuchs.com

www.fuchs.com/group

The following information is available online:
Image and video material: https://www.fuchs.com/gb-en/photo-gallery/


About FUCHS
The FUCHS Group develops, produces and markets high-grade lubricants and related specialties for virtually all industries and areas of application. Formed in Mannheim in 1931, the Group employs almost 6,000 people worldwide at 58 operating companies. FUCHS is the world's largest independent lubricant manufacturer. Its most important markets in terms of sales revenues are Western Europe, Asia and North America.

 

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, actual future developments and results can 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 in 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.

 
 
Additional features:

Picture: https://eqs-cockpit.com/c/fncls.ssp?u=d836739e35c3a8617d370c7847b3b270
Subtitle: The new FUCHS Polyurea grease plant in Kaiserslautern, Germany
             

24.03.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

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Press Release
news-5944 Tue, 16 Mar 2021 15:32:16 +0100 FUCHS PETROLUB SE: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/5944-fuchs-petrolub-se-release-according-to-article-40-section-1-of-the-wphg-the-german-securities-trading-act-with-the-objective-of-europe-wide-distribution/ FUCHS PETROLUB SE: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

 

FUCHS PETROLUB SE: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  FUCHS PETROLUB SE      
                16.03.2021 / 15:32
    Dissemination of a Voting Rights Announcement transmitted by DGAP - a service of EQS Group AG.
  The issuer is solely responsible for the content of this announcement.
   

  Notification of Major Holdings  

1. Details of issuer
Name: FUCHS PETROLUB SE
Street: Friesenheimer Str. 17
Postal code: 68169
City: Mannheim
Germany
Legal Entity Identifier (LEI): 529900SNF9E1P5ZO4P98

2. Reason for notification
X Acquisition/disposal of shares with voting rights
  Acquisition/disposal of instruments
  Change of breakdown of voting rights
  Other reason:

3. Details of person subject to the notification obligation
Legal entity: Mawer Investment Management Ltd.
City of registered office, country: Calgary, Canada

4. Names of shareholder(s)
holding directly 3% or more voting rights, if different from 3.
 

5. Date on which threshold was crossed or reached:
11 March 2021

6. Total positions
  % of voting rights attached to shares
(total of 7.a.)
% of voting rights through instruments
(total of 7.b.1 + 7.b.2)
Total of both in %
(7.a. + 7.b.)
Total number of voting rights pursuant to Sec. 41 WpHG
New 10.001910791367 % 0.00 % 10.001910791367 % 69500000
Previous notification 5.02 % 0 % 5.02 % /

7. Details on total positions
a. Voting rights attached to shares (Sec. 33, 34 WpHG)
ISIN Absolute In %
  Direct
(Sec. 33 WpHG)
Indirect
(Sec. 34 WpHG)
Direct
(Sec. 33 WpHG)
Indirect
(Sec. 34 WpHG)
DE0005790406 0 6951328 0.00 % 10.00 %
Total 6951328 10.001910791367 %

b.1. Instruments according to Sec. 38 (1) no. 1 WpHG
Type of instrument Expiration or maturity date Exercise or conversion period Voting rights absolute Voting rights in %
0 0.00 %
    Total 0 0.00 %

b.2. Instruments according to Sec. 38 (1) no. 2 WpHG
Type of instrument Expiration or maturity date Exercise or conversion period Cash or physical settlement Voting rights absolute Voting rights in %
0 0.00 %
      Total 0 0.00 %

8. Information in relation to the person subject to the notification obligation
X Person subject to the notification obligation is not controlled nor does it control any other undertaking(s) that directly or indirectly hold(s) an interest in the (underlying) issuer (1.).
  Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity:

Name % of voting rights (if at least 3% or more) % of voting rights through instruments (if at least 5% or more) Total of both (if at least 5% or more)

  9. In case of proxy voting according to Sec. 34 para. 3 WpHG
(only in case of attribution of voting rights in accordance with Sec. 34 para. 1 sent. 1 No. 6 WpHG)

Date of general meeting:
Holding total positions after general meeting (6.) after annual general meeting:
Proportion of voting rights Proportion of instruments Total of both
% % %

10. Other explanatory remarks:
 

Date
12 March 2021

                   

16.03.2021 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

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news-5942 Fri, 12 Mar 2021 10:00:02 +0100 FUCHS expands its presence in Africa with a new joint venture in Egypt https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/5942-fuchs-expands-its-presence-in-africa-with-a-new-joint-venture-in-egypt/ FUCHS expands its presence in Africa with a new joint venture in Egypt

 

FUCHS expands its presence in Africa with a new joint venture in Egypt

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  DGAP-News: FUCHS PETROLUB SE     / Key word(s): Miscellaneous    
                12.03.2021 / 10:00
      The issuer is solely responsible for the content of this announcement.
   

FUCHS expands its presence in Africa with a new joint venture in Egypt

Further to recent intensifications of its Africa business with new operations in Tanzania, Zimbabwe, Zambia and Mozambique, FUCHS announces the foundation of a new entity in Egypt.

 

FUCHS EGYPT LUBRICANTS LLC is a startup sales company and fully operational from 2021. Main offices and a central warehouse are in Cairo, with supplies based on product imports from Saudi Arabia and Europe.

 

"Egypt is one of the three largest economies in Africa by GDP, and one of the most industrialized markets on the continent. FUCHS and our partner ALHAMRANI see Egypt as strategic, to operate closely with clients in fields like Industrial, Commercial Fleet and Automotive Retail," states Alf Untersteller, responsible for Turkey, Africa and Middle East in the FUCHS Group.

 

The new entity is founded by FUCHS OIL MIDDLE EAST LTD, a joint venture between FUCHS PETROLUB SE and ALHAMRANI Group of Saudi Arabia, FUCHS' partner for numerous operations across Middle East and North Africa (MENA) since the 1980s.

FUCHS EGYPT LUBRICANTS LLC employs 23 people and is already supplying key customers in Egypt, who can now further build on a direct FUCHS operation in the country, supported by international resources.

 

Mannheim, March 12, 2021

 

FUCHS PETROLUB SE
Public Relations
Friesenheimer Str. 17
68169 Mannheim
Tel. +49 621 3802-1104

tina.vogel@fuchs.com
www.fuchs.com/group

The following information is available online:
Image and video material: https://www.fuchs.com/gb-en/photo-gallery/


About FUCHS
The FUCHS Group develops, produces and markets high-grade lubricants and related specialties for virtually all industries and areas of application. Formed in Mannheim in 1931, the Group employs almost 6,000 people worldwide at 58 operating companies. FUCHS is the world's largest independent lubricant manufacturer. Its most important markets in terms of sales revenues are Western Europe, Asia and North America.

 

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, actual future developments and results can 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 in 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.

 
                   

12.03.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

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Press Release
news-5940 Wed, 10 Mar 2021 10:48:26 +0100 DGAP-DD: FUCHS PETROLUB SE english https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/5940-dgap-dd-fuchs-petrolub-se-english/ DGAP-DD: FUCHS PETROLUB SE english

 

DGAP-DD: FUCHS PETROLUB SE english

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

         
    Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
              10.03.2021 / 10:47
      The issuer is solely responsible for the content of this announcement.
   

                                    1. Details of the person discharging managerial responsibilities / person closely associated

a) Name
Title: Dr.
First name: Ralph
Last name(s): Rheinboldt

2. Reason for the notification

a) Position / status
Position: Member of the managing body

  b) Initial notification
 
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a) Name
FUCHS PETROLUB SE

b) LEI
529900SNF9E1P5ZO4P98 

                                              4. Details of the transaction(s)

a) Description of the financial instrument, type of instrument, identification code
Type: Share
ISIN: DE0005790430

b) Nature of the transaction
Disposal

c) Price(s) and volume(s)
Price(s) Volume(s)
43.3000 EUR 14072.50 EUR
43.3200 EUR 1949.40 EUR
43.3400 EUR 1950.30 EUR
43.3600 EUR 4726.24 EUR
43.3800 EUR 2863.08 EUR
43.4000 EUR 1953.00 EUR
43.4200 EUR 1953.90 EUR
43.4400 EUR 15160.56 EUR
43.4600 EUR 30986.98 EUR
43.4800 EUR 47088.84 EUR
43.5000 EUR 1957.50 EUR
43.5800 EUR 1961.10 EUR
43.6000 EUR 10333.20 EUR
43.5200 EUR 15014.40 EUR
43.5400 EUR 1959.30 EUR
43.5600 EUR 18687.24 EUR
43.6200 EUR 3140.64 EUR
43.6400 EUR 9033.48 EUR
43.2800 EUR 67430.24 EUR

d) Aggregated information
Price Aggregated volume
43.4266357 EUR 252221.90 EUR

e) Date of the transaction
2021-03-09; UTC+1

f) Place of the transaction
Name: XETRA
MIC: XETR

   
                   

10.03.2021 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

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Directors Dealing
news-5938 Tue, 09 Mar 2021 14:31:42 +0100 DGAP-DD: FUCHS PETROLUB SE english https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/5938-dgap-dd-fuchs-petrolub-se-english/ DGAP-DD: FUCHS PETROLUB SE english

 

DGAP-DD: FUCHS PETROLUB SE english

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

         
    Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
              09.03.2021 / 14:31
      The issuer is solely responsible for the content of this announcement.
   

                                    1. Details of the person discharging managerial responsibilities / person closely associated

a) Name
Title:
First name: Dagmar
Last name(s): Steinert

2. Reason for the notification

a) Position / status
Position: Member of the managing body

  b) Initial notification
 
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a) Name
FUCHS PETROLUB SE

b) LEI
529900SNF9E1P5ZO4P98 

                                              4. Details of the transaction(s)

a) Description of the financial instrument, type of instrument, identification code
Type: Share
ISIN: DE0005790430

b) Nature of the transaction
Dagmar Steinert instructed a bank by way of a standing order to buy preference shares of FUCHS PETROLUB SE in a market sensitive manner. The acquisition follows the obligation of the members of the executive board to invest in each case parts of their variable cash compensation in FUCHS PETROLUB SE preference shares with a holding period of several years. The execution of the standing order is in each case subject to the condition precedent of the payment by FUCHS PETROLUB SE of the amount for which preference shares are to be acquired. The condition precedent has now occurred, the bank is accordingly instructed to buy preference shares of FUCHS PETROLUB SE for up to EUR 174,400.00 in a market sensitive manner until March 23, 2021.

c) Price(s) and volume(s)
Price(s) Volume(s)
not numberable not numberable

d) Aggregated information
Price Aggregated volume
not numberable not numberable

e) Date of the transaction
2021-03-09; UTC+1

f) Place of the transaction
Outside a trading venue

   
                   

09.03.2021 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

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Directors Dealing
news-5936 Tue, 09 Mar 2021 14:26:07 +0100 DGAP-DD: FUCHS PETROLUB SE english https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/5936-dgap-dd-fuchs-petrolub-se-english/ DGAP-DD: FUCHS PETROLUB SE english

 

DGAP-DD: FUCHS PETROLUB SE english

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

         
    Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
              09.03.2021 / 14:25
      The issuer is solely responsible for the content of this announcement.
   

                                    1. Details of the person discharging managerial responsibilities / person closely associated

a) Name
Title: Dr.
First name: Ralph
Last name(s): Rheinboldt

2. Reason for the notification

a) Position / status
Position: Member of the managing body

  b) Initial notification
 
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a) Name
FUCHS PETROLUB SE

b) LEI
529900SNF9E1P5ZO4P98 

                                              4. Details of the transaction(s)

a) Description of the financial instrument, type of instrument, identification code
Type: Share
ISIN: DE0005790430

b) Nature of the transaction
Dr. Ralph Rheinboldt instructed a bank by way of a standing order to buy preference shares of FUCHS PETROLUB SE in a market sensitive manner. The acquisition follows the obligation of the members of the executive board to invest in each case parts of their variable cash compensation in FUCHS PETROLUB SE preference shares with a holding period of several years. The execution of the standing order is in each case subject to the condition precedent of the payment by FUCHS PETROLUB SE of the amount for which preference shares are to be acquired. The condition precedent has now occurred, the bank is accordingly instructed to buy preference shares of FUCHS PETROLUB SE for up to EUR 174,400.00 in a market sensitive manner until March 23, 2021.

c) Price(s) and volume(s)
Price(s) Volume(s)
not numberable not numberable

d) Aggregated information
Price Aggregated volume
not numberable not numberable

e) Date of the transaction
2021-03-09; UTC+1

f) Place of the transaction
Outside a trading venue

   
                   

09.03.2021 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

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Directors Dealing
news-5934 Tue, 09 Mar 2021 14:21:31 +0100 DGAP-DD: FUCHS PETROLUB SE english https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/5934-dgap-dd-fuchs-petrolub-se-english/ DGAP-DD: FUCHS PETROLUB SE english

 

DGAP-DD: FUCHS PETROLUB SE english

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

         
    Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
              09.03.2021 / 14:21
      The issuer is solely responsible for the content of this announcement.
   

                                    1. Details of the person discharging managerial responsibilities / person closely associated

a) Name
Title: Dr.
First name: Timo
Last name(s): Reister

2. Reason for the notification

a) Position / status
Position: Member of the managing body

  b) Initial notification
 
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a) Name
FUCHS PETROLUB SE

b) LEI
529900SNF9E1P5ZO4P98 

                                              4. Details of the transaction(s)

a) Description of the financial instrument, type of instrument, identification code
Type: Share
ISIN: DE0005790430

b) Nature of the transaction
Dr. Timo Reister instructed a bank by way of a standing order to buy preference shares of FUCHS PETROLUB SE in a market sensitive manner. The acquisition follows the obligation of the members of the executive board to invest in each case parts of their variable cash compensation in FUCHS PETROLUB SE preference shares with a holding period of several years. The execution of the standing order is in each case subject to the condition precedent of the payment by FUCHS PETROLUB SE of the amount for which preference shares are to be acquired. The condition precedent has now occurred, the bank is accordingly instructed to buy preference shares of FUCHS PETROLUB SE for up to EUR 174,400.00 in a market sensitive manner until March 23, 2021.

c) Price(s) and volume(s)
Price(s) Volume(s)
not numberable not numberable

d) Aggregated information
Price Aggregated volume
not numberable not numberable

e) Date of the transaction
2021-03-09; UTC+1

f) Place of the transaction
Outside a trading venue

   
                   

09.03.2021 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

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Directors Dealing
news-5932 Tue, 09 Mar 2021 14:17:41 +0100 DGAP-DD: FUCHS PETROLUB SE english https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/5932-dgap-dd-fuchs-petrolub-se-english/ DGAP-DD: FUCHS PETROLUB SE english

 

DGAP-DD: FUCHS PETROLUB SE english

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

         
    Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
              09.03.2021 / 14:17
      The issuer is solely responsible for the content of this announcement.
   

                                    1. Details of the person discharging managerial responsibilities / person closely associated

a) Name
Title: Dr.
First name: Lutz
Last name(s): Lindemann

2. Reason for the notification

a) Position / status
Position: Member of the managing body

  b) Initial notification
 
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a) Name
FUCHS PETROLUB SE

b) LEI
529900SNF9E1P5ZO4P98 

                                              4. Details of the transaction(s)

a) Description of the financial instrument, type of instrument, identification code
Type: Share
ISIN: DE0005790430

b) Nature of the transaction
Dr. Lutz Lindemann instructed a bank by way of a standing order to buy preference shares of FUCHS PETROLUB SE in a market sensitive manner. The acquisition follows the obligation of the members of the executive board to invest in each case parts of their variable cash compensation in FUCHS PETROLUB SE preference shares with a holding period of several years. The execution of the standing order is in each case subject to the condition precedent of the payment by FUCHS PETROLUB SE of the amount for which preference shares are to be acquired. The condition precedent has now occurred, the bank is accordingly instructed to buy preference shares of FUCHS PETROLUB SE for up to EUR 174,400.00 in a market sensitive manner until March 23, 2021.

c) Price(s) and volume(s)
Price(s) Volume(s)
not numberable not numberable

d) Aggregated information
Price Aggregated volume
not numberable not numberable

e) Date of the transaction
2021-03-09; UTC+1

f) Place of the transaction
Outside a trading venue

   
                   

09.03.2021 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

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Directors Dealing
news-5930 Tue, 09 Mar 2021 14:13:18 +0100 DGAP-DD: FUCHS PETROLUB SE english https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/5930-dgap-dd-fuchs-petrolub-se-english/ DGAP-DD: FUCHS PETROLUB SE english

 

DGAP-DD: FUCHS PETROLUB SE english

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

         
    Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
              09.03.2021 / 14:12
      The issuer is solely responsible for the content of this announcement.
   

                                    1. Details of the person discharging managerial responsibilities / person closely associated

a) Name
Title:
First name: Stefan
Last name(s): Fuchs

2. Reason for the notification

a) Position / status
Position: Member of the managing body

  b) Initial notification
 
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a) Name
FUCHS PETROLUB SE

b) LEI
529900SNF9E1P5ZO4P98 

                                              4. Details of the transaction(s)

a) Description of the financial instrument, type of instrument, identification code
Type: Share
ISIN: DE0005790430

b) Nature of the transaction
Stefan Fuchs instructed a bank by way of a standing order to buy preference shares of FUCHS PETROLUB SE in a market sensitive manner. The acquisition follows the obligation of the members of the executive board to invest in each case parts of their variable cash compensation in FUCHS PETROLUB SE preference shares with a holding period of several years. The execution of the standing order is in each case subject to the condition precedent of the payment by FUCHS PETROLUB SE of the amount for which preference shares are to be acquired. The condition precedent has now occurred, the bank is accordingly instructed to buy preference shares of FUCHS PETROLUB SE for up to EUR 348,475.00 in a market sensitive manner until March 23, 2021.

c) Price(s) and volume(s)
Price(s) Volume(s)
not numberable not numberable

d) Aggregated information
Price Aggregated volume
not numberable not numberable

e) Date of the transaction
2021-03-09; UTC+1

f) Place of the transaction
Outside a trading venue

   
                   

09.03.2021 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

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Directors Dealing
news-5928 Tue, 09 Mar 2021 07:00:05 +0100 FUCHS successfully completes difficult year 2020 https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/5928-fuchs-successfully-completes-difficult-year-2020/ FUCHS successfully completes difficult year 2020

 

FUCHS successfully completes difficult year 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  DGAP-News: FUCHS PETROLUB SE     / Key word(s): Annual Results    
                09.03.2021 / 07:00
      The issuer is solely responsible for the content of this announcement.
   

FUCHS successfully completes difficult year 2020

  • Sales revenues lower by 8% at EUR 2.4 billion
  • EBIT lower by 3% at EUR 313 million
  • Dividend increase of 2% to EUR 0.99 per preference share and
    EUR 0.98 per ordinary share
  • Forecast for 2021 with sales revenues at pre-crisis level of 2019 and
    EBIT at level of 2020
  • Important milestones achieved with FUCHS2025
 


FUCHS at a glance

EUR million   2020    2019  Chg. Chg. %
Sales revenues (1) 2,378 2,572 -194 -8
Europe, Middle East, Africa 1,446 1,579 -133 -8
Asia-Pacific 698 718 -20 -3
North and South America 387 418 -31 -7
Consolidation -153 -143 -10  
EBIT before income from companies consolidated at equity 303 310 -7 -2
EBIT 313 321 -8 -3
Earnings after tax 221 228 -7 -3
Capital expenditure 122 154 -32 -21
Free cash flow before acquisitions 238 175 63 36
Acquisitions -114 -13 -101 -
Free cash flow 124 162 -38 -23
FUCHS Value Added 165 174 -9 -5
Earnings per share in EUR        
Ordinary share 1.58 1.63 -0.05 -3
Preference share 1.59 1.64 -0.05 -3
Employees as at December 31 5,728 5,627 101 2
 

(1) By company location

 

The business development in 2020 was strongly impacted by the COVID-19 pandemic. The shutdown of economic activity and the extensive lockdowns led to drastic declines in sales revenues, which took effect in the second quarter in particular. Recovery trends, which emerged in the following quarters and particularly toward the end of the year, could not compensate the declines from spring. Full-year sales revenues declined by 8% year-on-year.

 

FUCHS countered the substantial decline in sales revenues with cost discipline: Measures to cut staff costs and material costs were implemented - but with a sense of proportion and without making major cutbacks or jeopardizing future projects. As a result, the Group's function costs were reduced in 2020 compared to the previous year. Moreover, positive mix, currency, and raw material cost effects led to an improved gross margin. Overall, EBIT decreased by only 3% year-on-year.

 

Despite the decline in earnings, free cash flow before acquisitions increased from EUR 175 million to EUR 238 million by releasing funds in net operating working capital and reducing investments in comparison to the previous year.

 

Dagmar Steinert, Executive Board member and CFO at FUCHS: "2020 was a difficult year for FUCHS, too. The COVID-19 pandemic hit us hard and resulted in significant declines in sales revenues and earnings over the course of the year. However, we consequently took countermeasures and implemented specific cost-cutting actions. We can be satisfied with how we have got through the crisis and how quickly we have recovered again. In the final quarter, we even achieved the highest quarterly result in FUCHS' history."

Business development in the regions
The effects of the COVID-19 pandemic impacted the different regions of the world differently. Despite an 8% decline in sales revenues, the EMEA region increased its EBIT by EUR 1 million. This was achieved by cost savings and non-recurring one-time effects in the previous year.

 

The Asia-Pacific region recovered early from the coronavirus-related sales revenue losses, posting a decline in sales revenues of just 3%. EBIT increased by 8% thanks to cost reductions and a very positive development in China.

 

The North and South America region, and especially the US, was particularly heavily impacted by the coronavirus pandemic. Sales revenues fell by 7%, while the organic sales revenue decline was much higher at 14%. There was a positive impact from external growth in sales revenues of 11%. Overall, EBIT was down 14% year-on-year.

19th consecutive dividend increase
For 2020, FUCHS will propose another increase in the dividend to EUR 0.99 (0.97) per preference share and EUR 0.98 (0.96) per ordinary share to the Annual General Meeting.
The sound results and high cash generation, even in a crisis year like 2020, confirm the robustness and success of FUCHS' business model and underpin its policy of a steadily rising or at least stable dividend. Continuity in the dividend policy is an important part of FUCHS' corporate philosophy of allowing its shareholders to participate in the company's success.

 

Investment initiative mostly completed
With investments of EUR 122 million in 2020, FUCHS completed the investment initiative, which began in 2016. Among other things, the new plant in Sweden was completed. In China, the headquarter and the Asian research and development hub in Nanxiang near Shanghai were significantly expanded and modernized, and construction work began for the new corporate headquarters in Mannheim, Germany. Within five years, almost EUR 600 million were invested in property, plant and equipment and in intangible assets. With the end of the investment initiative, a permanent reduction in the investment volume to the level of depreciation and amortization is planned from 2021 onward.

Acquisitions expand specialties business and strengthen technology leadership
By way of acquisitions, FUCHS strategically expanded its specialties business in particular in 2020. The acquisition of NYE, a manufacturer of synthetic high-performance lubricants in the US, was completed in January. This company generates sales revenues of almost EUR 50 million at its site in Fairhaven, Massachusetts, which will be gradually expanded as a specialties site in North America. Other acquisitions included the specialty lubricants business of WELPONER in Italy and PolySi in the US. With the joint venture in Vietnam that was concluded at the start of 2021, FUCHS has also established a good basis for future growth in this strategically important market.

 

Forecast for 2021: Improvements in all regions countered by rising raw material prices
The FUCHS Group is taking the outlook for 2021 on the basis of the expected global economic development, growth in the lubricants market, and its global and broadly diversified structure. FUCHS assumes a recovery of the global economy in all regions, although this is not yet expected to reach the pre-crisis level in all of FUCHS' industries and customer groups. In addition, disruptions to supply chains as a result of the coronavirus pandemic still represent a burden. Sales revenues are therefore expected to achieve the pre-crisis level, i.e. sales revenues of 2019 (just under EUR 2.6 billion). With regard to earnings, the Executive Board expects to maintain the level of 2020 (EUR 313 million). Continued consistent cost management will help compensate for the inflation-driven cost increases. By contrast, the recent sharp increase in raw material prices represents a temporary negative factor. Investments in 2021 are expected to be at the level of depreciation and amortization at around EUR 80 million. With a slight rise in cost of capital and EBIT at the level of 2020, FUCHS Value Added is expected to be at around EUR 160 million (165). As a result of the reduction of existing tax liabilities and a slight increase in net operating working capital, free cash flow before acquisitions is expected to be at around EUR 160 million (238).

 

Dagmar Steinert, Executive Board member and CFO at FUCHS: "We expect a positive operating development in all regions in 2021. In addition, we will maintain the consequent cost management that was already successfully implemented in 2020. However, we cannot disregard the still fragile economic environment and the recently strongly increased raw material prices, which will temporarily be a burden."

Important milestones achieved with FUCHS2025
Digitalization, e-mobility, globalized customer requirements - FUCHS operates in a highly dynamic world full of new challenges. FUCHS2025 is the response to the many different changes and sees these challenges as opportunities to shape the future and continue to achieve success.

 

Stefan Fuchs, Chairman of the Executive Board at FUCHS: "We achieved some major milestones in 2020. Based on our strengths, we have developed a strategy that builds on six strategic pillars: global strength, customer and market focus, technology leadership, operational excellence, people and organization, and sustainability. This basis of our strategy serves as guidance for our strategic actions in order to fulfill our vision for 2025. At two virtual roadshows held in 2020, to which our entire workforce had access, we were able to share our strategy, gather suggestions, and also just enjoy discussions with one another."

 

In structural terms, progress was made in 2020 with regard to the alignment by market segments. This enables FUCHS to respond to its customers' requirements in a more direct, agile, and needs-based way. In addition, the automotive aftermarket business was strengthened and the business segments were supported by a team of focused segment managers. With regard to culture, the topics of hierarchy-free communication and an open feedback culture were addressed in depth.

 

Mannheim, March 9, 2021

FUCHS PETROLUB SE
Public Relations
Friesenheimer Str. 17
68169 Mannheim
Tel. +49 621 3802-1207
tina.vogel@fuchs.com

www.fuchs.com/group

The following information is available online:
Image and video material: https://www.fuchs.com/gb-en/photo-gallery/
 

 

About FUCHS
The FUCHS Group develops, produces and markets high-grade lubricants and related specialties for virtually all industries and areas of application. Formed in Mannheim in 1931, the Group employs almost 6,000 people worldwide at 58 operating companies. FUCHS is the world's largest independent lubricant manufacturer. Its most important markets in terms of sales revenues are Western Europe, Asia and North America.

 

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, actual future developments and results can 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 in 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.

 

 





 
                   

09.03.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

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Press Release
news-5926 Tue, 09 Feb 2021 14:00:01 +0100 FUCHS strengthens presence in Vietnam through joint venture https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/5926-fuchs-strengthens-presence-in-vietnam-through-joint-venture/ FUCHS strengthens presence in Vietnam through joint venture

 

FUCHS strengthens presence in Vietnam through joint venture

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  DGAP-News: FUCHS PETROLUB SE     / Key word(s): Acquisition    
                09.02.2021 / 14:00
      The issuer is solely responsible for the content of this announcement.
   

FUCHS strengthens presence in Vietnam through joint venture

The FUCHS Group, which operates globally in the lubricants industry, has acquired 70% of the lubricant business of the specialty distributor STD & S Co., Ltd. based in Vietnam. The business will be integrated into the subsidiary FUCHS LUBRICANTS VIETNAM COMPANY LTD. in which the owner of STD & S Co., Ltd. will hold a 30% share.

The new joint venture enables FUCHS to offer its customers automotive, industrial, mining and specialty lubricants from a single source. In addition, FUCHS strengthens its presence in the Cambodian market, which is currently served by STD & S Co., Ltd.

 

"Vietnam is an emerging market with great growth potential. This joint venture emphasizes our ambition to establish ourselves in Vietnam in the long term and to expand our business there," explains Dr. Timo Reister, Member of the Executive Board at FUCHS and responsible for the Asia-Pacific region.

 

FUCHS has been successfully working with STD & S Co., Ltd. for more than a decade. The new joint venture employs 13 people and generated sales of around EUR 4.5 million in the 2020 financial year.

 

Mannheim, February 9, 2021

 

FUCHS PETROLUB SE
Public Relations
Friesenheimer Str. 17
68169 Mannheim
Tel. +49 621 3802-1207

tina.vogel@fuchs.com 
www.fuchs.com/group

The following information is available online:
Image and video material: https://www.fuchs.com/gb-en/photo-gallery/

About FUCHS
The FUCHS Group develops, produces and markets high-grade lubricants and related specialties for virtually all industries and areas of application. Formed in Mannheim in 1931, the Group employs almost 6,000 people worldwide at 62 operating companies. FUCHS is the world's largest independent lubricant manufacturer. Its most important markets in terms of sales revenues are Western Europe, Asia and North America.

 

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, actual future developments and results can 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 in 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.

 
                   

09.02.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

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Press Release
news-5924 Mon, 11 Jan 2021 10:44:15 +0100 FUCHS successfully completed the difficult financial year 2020 https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/5924-fuchs-successfully-completed-the-difficult-financial-year-2020/ FUCHS successfully completed the difficult financial year 2020

 

FUCHS successfully completed the difficult financial year 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FUCHS PETROLUB SE / Key word(s): Change in Forecast/Preliminary Results
  FUCHS successfully completed the difficult financial year 2020
   
11-Jan-2021 / 10:44 CET/CEST
  Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
  The issuer is solely responsible for the content of this announcement.

 


 

Ad hoc Release
FUCHS successfully completed the difficult financial year 2020

 

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

FUCHS PETROLUB SE
Investor Relations
Lutz Ackermann
Tel. +49 621 3802-1105
Lutz.Ackermann@fuchs.com

Important note

This ad hoc 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, actual future developments and results can 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 in 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 ad hoc release and assumes no liability for such.

 
         

11-Jan-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

 

 

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Ad hoc Release
news-5922 Thu, 05 Nov 2020 16:30:07 +0100 FUCHS confers Sponsorship Award of EUR 50,000 on 13 social projects in Mannheim https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/5922-fuchs-confers-sponsorship-award-of-eur-50-000-on-13-social-projects-in-mannheim/ FUCHS confers Sponsorship Award of EUR 50,000 on 13 social projects in Mannheim

 

FUCHS confers Sponsorship Award of EUR 50,000 on 13 social projects in Mannheim

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  DGAP-News: FUCHS PETROLUB SE     / Key word(s): Miscellaneous    
                05.11.2020 / 16:30
      The issuer is solely responsible for the content of this announcement.
   

FUCHS confers Sponsorship Award of EUR 50,000 on 13 social projects in Mannheim

FUCHS PETROLUB SE, which operates globally in the lubricants industry, conferred the FUCHS Sponsorship Award for the 21st time on November 5, 2020. A total of 13 projects in the company's home city were awarded a sum of EUR 50,000. Mannheim's Lord Mayor Dr. Peter Kurz once again took over the patronage this year.

"The current pandemic in particular shows us how important this involvement is," says Stefan Fuchs, CEO of FUCHS PETROLUB SE. "After all, the effects of the coronavirus aren't just a challenge for our healthcare system and our economy; they also affect families, old people, and children who have to go without social contact and the familiar environment. In this context, several of the projects submitted this year aim to use creative ideas to help counter educational and psychological harm arising from the coronavirus restrictions - or to compensate for the lack of personal contact using digital media. Supporting these and many other initiatives is part of our social responsibility, which is a high priority for us."

 

Sustainable business and innovative developments are important to FUCHS when it comes to social commitment, too. The additional awards introduced in the anniversary year 2019 for a particularly sustainable project and a particularly innovative project were conferred again this year. The "Project of the Year - Sustainability" award was won by the Evangelical Markus-Lukasgemeinde with its vegetable garden where people with dementia, children from the nearby daycare center, and many other people work together. The "Project of the Year - Innovation" award went to the addiction advice service of the Caritasverband and the Diakonisches Werk Mannheim, which developed a joint online advice center.

 

Out of more than 40 applications, 13 award winners have been selected by FUCHS. Willis Towers Watson, FUCHS' insurance broker, is participating with a sponsorship of EUR 5,000 again in 2020 and is supporting one other project.

 

 

 

Projects and award winners in 2020:

 

- Lukas Garden, Markus-Lukasgemeinde (Project of the Year - Sustainability)

 

- Addiction goes online, Caritasverband Mannheim e. V. and Diakonisches Werk Mannheim (Project of the Year - Innovation)

 

- Digital media, Kinderladen Rappelkiste e. V.

 

- Healthcare proxy or living will: What do I need to do? How do I do it right?, Mannheimer Seniorenrat e. V.

 

- Box seats in the Waldhof House, DRK-Kreisverband Mannheim e. V.

 

- Portraits of an 11th-grade class - a remarkable film project, Freie interkulturelle Waldorfschule e. V.

 

- Promoting animal-supported educational projects, Seelenheilen e. V.

 

- School bag, Kiwanis-Club Mannheim-Kurpfalz

 

- Outpatient assisted living rocks the block, SkF Mannheim e. V.

 

- Emerging strong from the crisis, Die Traum-Schmiede gUG

 

- Music therapy for neuro kids - strong against COVID-19, Neurologisch erkrankte Kinder Mannheim e. V.

 

- EmK soup bowl, Evangelisch-methodistische Kirche, Gemeinde Mannheim

 

- Supporting self-help groups - strengthen volunteer work, Regionale Arbeitsgemeinschaft der Selbsthilfegruppen in Mannheim

 

- BeeDifferent, Evangelisches Schifferkinderheim Mannheim e. V. (Prize from Willis Towers Watson)
 

 

Due to the coronavirus pandemic, the award ceremony was held virtually. A recording of the digital event and further information on the award winners can be found at: www.fuchs.com/fuchs-sponsorship-award/.

 

Mannheim, November 5, 2020

FUCHS PETROLUB SE
Public Relations
Friesenheimer Str. 17
68169 Mannheim, Germany
Tel. +49 621 3802-1207

nina.consagra@fuchs.com
www.fuchs.com/gruppe

 

The following information is available online:
Image and video material: https://www.fuchs.com/de-de/photo-gallery/

About FUCHS
The FUCHS Group develops, produces and markets high-grade lubricants and related specialties for virtually all industries and areas of application. The company, which was founded in Mannheim in 1931, employs nearly 6,000 people worldwide at 62 operating companies. FUCHS is the world's largest independent lubricant manufacturer. Its most important markets in terms of sales revenues are Western Europe, Asia and North America.

 
                   

05.11.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

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Press Release
news-5920 Tue, 03 Nov 2020 07:00:03 +0100 FUCHS PETROLUB SE with recovery in third quarter of 2020 - First nine months of 2020 still with significant decline in sales revenues and earnings due to the Covid-19 pandemic https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/5920-fuchs-petrolub-se-with-recovery-in-third-quarter-of-2020-first-nine-months-of-2020-still-with-significant-decline-in-sales-revenues-and-earnings-due-to-the-covid-19-pandemic/ FUCHS PETROLUB SE with recovery in third quarter of 2020 - First nine months of 2020 still with significant decline in sales revenues and earnings due to the Covid-19 pandemic

 

FUCHS PETROLUB SE with recovery in third quarter of 2020 - First nine months of 2020 still with significant decline in sales revenues and earnings due to the Covid-19 pandemic

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  DGAP-News: FUCHS PETROLUB SE     / Key word(s): 9 Month figures    
                03.11.2020 / 07:00
      The issuer is solely responsible for the content of this announcement.
   

FUCHS PETROLUB SE with recovery in third quarter of 2020 - First nine months of 2020 still with significant decline in sales revenues and earnings due to the Covid-19 pandemic

"In this difficult year, FUCHS looks back on a good third quarter. The upward trend that was already emerging at the end of the second quarter continued in the past few months with growth in China and a recovery in Europe and America. After a surprisingly good September, the decline in sales revenues after nine months has been reduced to -11% and the decline in earnings (EBIT) to -17%.

 

Our free cash flow before acquisitions developed positively. It was up significantly year-on-year at EUR 122 million with investments at a lower level than in the previous year despite a decline in earnings. This development confirms our decision to continue our investment program with a sense of proportion even under the current difficult conditions. By the end of September, we invested EUR 89 million in our future.

 

We are looking ahead to the remaining months with cautious optimism and have therefore also revised our forecast for the year. We currently anticipate a decline in earnings in the range of -15%. In July, we had expected a -25% decline," says Stefan Fuchs, Chairman of the Executive Board of FUCHS PETROLUB SE.

 

- Sales revenues in the first nine months down -11% year-on-year at EUR 1,740 million (1,952)

 

- Earnings (EBIT) down -17% at EUR 203 million (246)

 

- New outlook for the current financial year: Earnings decline in the range of -15% (previously: -25%)

 

 

 

FUCHS at a glance

EUR million Q1-3 2020 Q1-3 2019 Change %
Sales revenues (1) 1,740 1,952 -11
Europe, Middle East, Africa (EMEA) 1,060 1,201 -12
Asia-Pacific 509 535 -5
North and South America 281 320 -12
Consolidation -110 -104 -
Earnings before interest and tax (EBIT) 203 246 -17
Earnings after tax 142 176 -19
Capital expenditure 89 103 -14
Free cash flow before acquisitions 122 94 30
Earnings per share in EUR      
Ordinary share 1.02 1.26 -19
Preference share 1.02 1.27 -20
Employees as at September 30 5,751 5,636 2
   

(1) By company location.

Sales revenues and earnings
In a persistently difficult economic environment, FUCHS generated sales revenues of EUR 1,740 million (1,952) in the first nine months of 2020, representing a decrease of -11%. The positive contribution from acquisitions (+2%) was offset by negative currency effects (-2%).

 

The effects of the Covid-19 pandemic weakened further during the year. In the third quarter, sales revenues increased significantly compared to the second quarter of 2020. The Asia-Pacific region already posted year-on-year growth in the third quarter, and an upward trend can be seen in the EMEA and North and South America regions.

Operating business considerably exceeded expectations in the third quarter, especially in September. The cost-saving measures are also taking effect. EBIT in the first nine months was down -17% year-on-year at EUR 203 million (246). Earnings after tax declined by -19% to EUR 142 million (176). Earnings per ordinary share came to EUR 1.02 (1.26) and earnings per preference share came to EUR 1.02 (1.27). At EUR 122 million (94), free cash flow before acquisitions was significantly up compared to the previous year.

Sales revenues and earnings by region
At EUR 1,060 million (1,201), sales revenues in the EMEA region were down -12% year-on-year. Despite the upturn in the third quarter, all major companies in the region were affected by declines in sales revenues, with the UK, France, Spain, Italy, and Germany the hardest hit. The EMEA region's EBIT of EUR 102 million (130) was about -22% lower than in the previous year.

 

The region Asia-Pacific posts a very good third quarter, exceeding the previous year. With sales revenues of EUR 509 million (535), the decline in sales revenues was reduced to -5% (-10% in the first half year) in the first nine months. Positive external growth (+1%) from the acquisition of a manufacturer of lubricants for the automotive retail sector in Australia was more than offset by negative currency effects (-2%) in almost all countries. After a very good third quarter, the Asia-Pacific region's EBIT increased by 4% to EUR 70 million (67). This positive development was particularly driven by China.

 

In the North and South America region, a clear upward trend was noticeable, particularly due to the upturn on the American market. The region's sales revenues in first nine months were down -12% year-on-year at EUR 281 million (320). Due to acquisitions, the region's external growth was 10% or EUR 32 million. The decline in the region's EBIT was reduced, with EBIT down -29% year-on-year at EUR 29 million (41).

 

Outlook
In view of the business performance in the first nine months of 2020 and the improved prospects for the global economy, FUCHS already revised its forecast for the current year on October 15, 2020, and expects a decline in earnings in the range of -15% (previously: -25%).

 

The effects of the crisis on supply chains, production and customer demand cannot be reliably estimated currently. The new forecast is based on the assumption that there will not be any major lockdowns in the key regions for FUCHS in the fourth quarter of 2020.

 

FUCHS is well-positioned to face the crisis and has a solid financial basis. The stability and structure of the balance sheet form a sound foundation for further development. Both the low proportion of fixed costs and the high proportion of raw materials have a positive effect. This allows us to breathe flexibly with sales. In addition, FUCHS once again benefits from its worldwide presence and broad product portfolio.

Mannheim, November 3, 2020

 

FUCHS PETROLUB SE
Public Relations
Friesenheimer Str. 17
68169 Mannheim
Tel. +49 621 3802-1207
nina.consagra@fuchs.com

www.fuchs.com/group

 

The following information is available online:
Image and video material: https://www.fuchs.com/gb-en/photo-gallery/


About FUCHS
The FUCHS Group develops, produces and markets high-grade lubricants and related specialties for virtually all industries and areas of application. Formed in Mannheim in 1931, the Group employs almost 6,000 people worldwide at 62 operating companies. FUCHS is the world's largest independent lubricant manufacturer. Its most important markets in terms of sales revenues are Western Europe, Asia and North America.

 

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, actual future developments and results can 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 in 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.

 
                   

03.11.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

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Press Release
news-5918 Mon, 02 Nov 2020 15:30:22 +0100 FUCHS acquires high-performance silicone lubricant manufacturer in the US https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/5918-fuchs-acquires-high-performance-silicone-lubricant-manufacturer-in-the-us/ FUCHS acquires high-performance silicone lubricant manufacturer in the US

 

FUCHS acquires high-performance silicone lubricant manufacturer in the US

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  DGAP-News: FUCHS PETROLUB SE     / Key word(s): Acquisition    
                02.11.2020 / 15:30
      The issuer is solely responsible for the content of this announcement.
   

FUCHS acquires high-performance silicone lubricant manufacturer in the US

The FUCHS Group, which operates globally in the lubricants industry, has acquired PolySi Technologies Incorporated. The Sanford, North Carolina, manufacturer is an innovative leader in the formulation and manufacturing of silicone lubricants. The FUCHS Group further expands its specialty lubricants product portfolio, offering engineered solutions across multiple markets while creating opportunities to serve many critical applications.

 

"For 25 years, PolySi's mission has been to work closely with our customers to develop leading edge products to solve any lubrication challenge. Our consultative approach to grease formulation has offered value to our customers in many industries, including automotive, electrical, plumbing and medical. Integrating with FUCHS will serve to further the reach of our products to the market through the FUCHS sales and distribution networks," says Chuck Leuth, President of PolySi.

"PolySi expands our product and packaging offering into markets where silicone technology is utilized. PolySi's core capabilities of technologically advanced products and consultative sales approach further enhances our value proposition to our customers in offering a full lubrication solution," adds Keith Brewer, President & CEO of FUCHS LUBRICANTS CO., USA.

 

PolySi employs 21 people and generated USD 9 million (approx. EUR 7.6 million) in sales in its fiscal year 2019, mainly in North America.

 

In 2019, the FUCHS Group accounted for EUR 2.572 billion sales with staff of 5,627. FUCHS LUBRICANTS CO. (USA) generated sales of EUR 294 million with 478 employees.

 

Mannheim, November 2, 2020

 

FUCHS PETROLUB SE
Public Relations
Friesenheimer Str. 17
68169 Mannheim
Tel. +49 621 3802-1207
nina.consagra@fuchs.com

www.fuchs.com/group

 

The following information is available online:
Image and video material: https://www.fuchs.com/gb-en/photo-gallery/

About FUCHS
The FUCHS Group develops, produces and markets high-grade lubricants and related specialties for virtually all industries and areas of application. Formed in Mannheim in 1931, the Group employs almost 6,000 people worldwide at 62 operating companies. FUCHS is the world's largest independent lubricant manufacturer. Its most important markets in terms of sales revenues are Western Europe, Asia and North America.

 

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, actual future developments and results can 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 in 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.

 
                   

02.11.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

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Press Release
news-5916 Thu, 22 Oct 2020 10:00:03 +0200 FUCHS PETROLUB SE earns recognition as a John Deere 'Partner-level Supplier' and 'Parts Supplier of the Year' https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/5916-fuchs-petrolub-se-earns-recognition-as-a-john-deere-partner-level-supplier-and-parts-supplier-of-the-year/ FUCHS PETROLUB SE earns recognition as a John Deere 'Partner-level Supplier' and 'Parts Supplier of the Year'

 

FUCHS PETROLUB SE earns recognition as a John Deere 'Partner-level Supplier' and 'Parts Supplier of the Year'

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  DGAP-News: FUCHS PETROLUB SE     / Key word(s): Miscellaneous    
                22.10.2020 / 10:00
      The issuer is solely responsible for the content of this announcement.
   

FUCHS PETROLUB SE earns recognition as a John Deere "Partner-level Supplier" and "Parts Supplier of the Year"

FUCHS PETROLUB SE, which operates globally in the lubricants industry, has earned recognition as a "Partner-level Supplier" for 2019 and was also named "Parts Supplier of the Year" in the John Deere Achieving Excellence Program. The Partner-level status is Deere & Company's highest supplier rating.

 

FUCHS was selected for the honor in recognition of its dedication to providing products and service of outstanding quality as well as its commitment to continuous improvement.

 

FUCHS is a supplier of lubricants, engine coolants and greases to John Deere's operation in various countries all over the globe.
Suppliers who participate in the Achieving Excellence Program are evaluated annually in several key performance categories, including quality, cost management, delivery, technical support and responsiveness.

 

"We are honored to receive the awards from our long-standing customer John Deere. They are not just a recognition for our excellent products and services but also for our global team of motivated colleagues who have contributed to this through their outstanding commitment," comments Stefan Fuchs, Chairman of the Executive Board of FUCHS PETROLUB SE.

 

Mannheim, October 22, 2020

 

FUCHS PETROLUB SE
Public Relations
Friesenheimer Str. 17
68169 Mannheim, Germany
Tel. +49 621 3802-1207

nina.consagra@fuchs.com
www.fuchs.com/group

 

The following information is available online:
Image and video material: www.fuchs.com/gb-en/photo-gallery

About FUCHS
The FUCHS Group develops, produces and markets high-grade lubricants and related specialties for virtually all industries and areas of application. Formed in Mannheim in 1931, the Group employs almost 6,000 people worldwide at 62 operating companies. FUCHS is the world's largest independent lubricant manufacturer. Its most important markets in terms of sales revenues are Western Europe, Asia and North America.

 

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.

 
                   

22.10.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

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Press Release
news-5914 Thu, 15 Oct 2020 15:36:19 +0200 FUCHS PETROLUB SE announces preliminary figures for the first nine months of 2020 and a new earnings (EBIT) outlook for the current financial year https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/5914-fuchs-petrolub-se-announces-preliminary-figures-for-the-first-nine-months-of-2020-and-a-new-earnings-ebit-outlook-for-the-current-financial-year/ FUCHS PETROLUB SE announces preliminary figures for the first nine months of 2020 and a new earnings (EBIT) outlook for the current financial year

 

FUCHS PETROLUB SE announces preliminary figures for the first nine months of 2020 and a new earnings (EBIT) outlook for the current financial year

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FUCHS PETROLUB SE / Key word(s): 9 Month figures/Change in Forecast
  FUCHS PETROLUB SE announces preliminary figures for the first nine months of 2020 and a new earnings (EBIT) outlook for the current financial year
   
15-Oct-2020 / 15:36 CET/CEST
  Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
  The issuer is solely responsible for the content of this announcement.

 


 

FUCHS PETROLUB SE announces preliminary figures for the first nine months of 2020 and a new earnings (EBIT) outlook for the current financial year

 

At EUR 1,740 million, preliminary sales of the FUCHS Group in the first nine months of 2020 are 11% below the previous year's level. Operating business in the third quarter, especially in September, was significantly above expectations. Preliminary earnings (EBIT) for the first nine months were down 17% compared to the previous year at EUR 203 million.

 

Taking into account the business development in the first nine months of 2020 and based on today's assessment of the impact of the COVID-19 pandemic, FUCHS has determined a new outlook for the financial year 2020. FUCHS expects a further improvement in economic conditions in the fourth quarter and therefore expects in the year 2020 a decline in earnings (EBIT) in the range of -15% (previously -25%).

 

The effects of the crisis on supply chains, production and customer demand cannot be reliably estimated currently. The new outlook is based on the assumption that there will be no major lockdowns in the fourth quarter of 2020 in FUCHS' core regions.

 

FUCHS is well positioned to face the crisis and has a solid financial basis. The stability and structure of the balance sheet form a sound foundation for further development. Both the low proportion of fixed costs and the high proportion of raw materials have a positive effect. This allows us to breathe flexibly with sales. In addition, FUCHS once again benefits from its worldwide presence and broad product portfolio.

 

The complete statement for the third quarter 2020 will be published as scheduled on November 3, 2020.

 

Mannheim, October 15, 2020

 


Contact
FUCHS PETROLUB SE
Investor Relations
Thomas Altmann
Tel. +49 621 3802-1105
thomas.altmann@fuchs.com

Important note

This ad hoc 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, actual future developments and results can 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 in 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 ad hoc release and assumes no liability for such.

 
         

15-Oct-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

 

 

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Ad hoc Release
news-5912 Thu, 01 Oct 2020 09:00:04 +0200 FUCHS strengthens specialty business by acquiring the lubricants business of WELPONER SRL, Italy https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/5912-fuchs-strengthens-specialty-business-by-acquiring-the-lubricants-business-of-welponer-srl-italy/ FUCHS strengthens specialty business by acquiring the lubricants business of WELPONER SRL, Italy

 

FUCHS strengthens specialty business by acquiring the lubricants business of WELPONER SRL, Italy

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  DGAP-News: FUCHS PETROLUB SE     / Key word(s): Acquisition    
                01.10.2020 / 09:00
      The issuer is solely responsible for the content of this announcement.
   

FUCHS strengthens specialty business by acquiring the lubricants business of WELPONER SRL, Italy

 

The FUCHS Group, which operates globally in the lubricants industry, acquired the lubricants business of WELPONER SRL in Bolzano, Italy, as of October 1, 2020, and will integrate it into its subsidiary FUCHS LUBRIFICANTI S.P.A.

 

As a longstanding trading partner of FUCHS, WELPONER generated sales revenues of around EUR 4 million in the financial year 2019. The acquisition includes the customer base and the workforce in particular. WELPONER's business complements FUCHS' existing business in Italy. This bundling of sales channels makes FUCHS LUBRIFICANTI S.P.A. a central and authoritative partner for all lubricants and related specialties in Italy.

 

Mannheim, October 1, 2020

 

FUCHS PETROLUB SE
Public Relations
Friesenheimer Str. 17
68169 Mannheim, Germany
Tel. +49 621 3802-1207

nina.consagra@fuchs.com
www.fuchs.com/group

 

The following information is available online:
Image and video material: www.fuchs.com/gb-en/photo-gallery/

About FUCHS
The FUCHS Group develops, produces and markets high-grade lubricants and related specialties for virtually all industries and areas of application. Formed in Mannheim in 1931, the Group employs almost 6,000 people worldwide at 62 operating companies. FUCHS is the world's largest independent lubricant manufacturer. Its most important markets in terms of sales revenues are Western Europe, Asia and North America.

 

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.

 
                   

01.10.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

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Press Release
news-5043 Thu, 27 Aug 2020 08:00:07 +0200 FUCHS launches product line FUCHS BluEV for e-mobility (news with additional features) https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/5043-fuchs-launches-product-line-fuchs-bluev-for-e-mobility-news-with-additional-features/ FUCHS launches product line FUCHS BluEV for e-mobility (news with additional features)

 

FUCHS launches product line FUCHS BluEV for e-mobility (news with additional features)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  DGAP-News: FUCHS PETROLUB SE     / Key word(s): Product Launch    
                27.08.2020 / 08:00
      The issuer is solely responsible for the content of this announcement.
   

FUCHS launches product line FUCHS BluEV for e-mobility

The FUCHS Group, which operates globally in the lubricants industry, is expanding its product portfolio with a dedicated product line for e-mobility and will be offering its customers a comprehensive product range for electric vehicles and the associated components in the future with FUCHS BluEV.

Electromobility applications present lubricants and greases with major new challenges that FUCHS faces with a diversified and comprehensive product range. The FUCHS BluEV product line will initially comprise three product categories: FUCHS BluEV DriveFluid-transmission oils in electric and hybrid drives, FUCHS BluEV MotorGrease-grease products for electric motors designed especially for e-mobility applications, and FUCHS BluEV ThermalFluid-dielectric heat transfer media for automotive applications. This way, FUCHS offers an efficient and optimally aligned 360-degree solution for lubrication, thermal management, and protection of the components for all areas of e-mobility from a single source.

"The transition to e-mobility is presenting our customers in the automotive industry with major challenges, which we help them to tackle. As a development partner of numerous premium manufacturers in the automotive sector, we possess the professional excellence necessary to address global and local customer needs in the best possible way. Over 90 years of expertise and experience are reflected in the development of new lubrication solutions that are needed in the systems of the future-for example, new combinations of an electric motor and transmission, with and without a combustion engine," says Stefan Fuchs, Chairman of the Executive Board, reinforcing the aspiration of the FUCHS Group to be a reliable and innovative partner to its customers in the area of e-mobility as well.

 

"We are definitely breaking new ground at FUCHS with the concept of a 'product line'," says Joerg Wehrle, Vice President Global Product Management Strategy, emphasizing the importance of e-mobility for the Group. "So far, we have operated only with product brands. The new product line will cover all products and solutions that are geared especially towards e-mobility, across all product groups, areas of application, and industries."

 

The FUCHS BluEV line will be presented in the context of the Tech Day, which will take place on August 27, 2020, in Shanghai, China, and then gradually rolled out worldwide.

 

Mannheim, August 27, 2020

 

FUCHS PETROLUB SE
Public Relations
Friesenheimer Str. 17
68169 Mannheim, Germany
Tel. +49 621 3802-1207

nina.consagra@fuchs.com
www.fuchs.com/group

 

The following information is available online:
Image and video material: www.fuchs.com/gb-en/photo-gallery/
Related links: www.fuchs.com/group/e-mobility, www.fuchs.com/group/fuchs-bluev 


About FUCHS
The FUCHS Group develops, produces and markets high-grade lubricants and related specialties for virtually all industries and areas of application. Formed in Mannheim in 1931, the Group employs almost 6,000 people worldwide at 62 operating companies. FUCHS is the world's largest independent lubricant manufacturer. Its most important markets in terms of sales revenues are Western Europe, Asia and North America.

 

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.

 
 
Additional features:
 
File: FUCHS BluEV is optimally adapted to the requirements of a wide range of e-mobility applications - from lubrication and thermal management to various special products such as protection coatings for anti-corrosion.
           

27.08.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

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Press Release
news-5044 Thu, 30 Jul 2020 07:00:07 +0200 FUCHS PETROLUB SE posts significant decline in sales revenues and earnings in first half of 2020 due to COVID-19 pandemic - Continued very sound balance sheet structure and sufficient liquidity https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/5044-fuchs-petrolub-se-posts-significant-decline-in-sales-revenues-and-earnings-in-first-half-of-2020-due-to-covid-19-pandemic-continued-very-sound-balance-sheet-structure-and-sufficient-liquidity/ FUCHS PETROLUB SE posts significant decline in sales revenues and earnings in first half of 2020 due to COVID-19 pandemic - Continued very sound balance sheet structure and sufficient liquidity

 

FUCHS PETROLUB SE posts significant decline in sales revenues and earnings in first half of 2020 due to COVID-19 pandemic - Continued very sound balance sheet structure and sufficient liquidity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  DGAP-News: FUCHS PETROLUB SE     / Key word(s): Half Year Results    
                30.07.2020 / 07:00
      The issuer is solely responsible for the content of this announcement.
   

FUCHS PETROLUB SE posts significant decline in sales revenues and earnings in first half of 2020 due to COVID-19 pandemic - Continued very sound balance sheet structure and sufficient liquidity

"The COVID-19 pandemic has also heavily impacted the FUCHS Group's business. All global regions have seen significant declines in sales revenues and earnings in the past months. In the first half of the year, sales revenues decreased by 14% year-on-year, while earnings were down by 29%. Despite these material differences, we were able to generate a profit each month, an overall EBIT margin of 10%, and a positive free cash flow before acquisitions in these difficult times.

 

FUCHS once again benefited from its global presence: When the crisis began in China in February and continued there in March, the EMEA and North and South America regions were not yet affected or were only slightly affected at the end of the first quarter. By contrast, when the wave fully hit the western world in April and May, a clear upward trend was already emerging in Asia, which then continued with a strong June.

 

Our widely diversified product portfolio was also helpful: In many countries, FUCHS was classified as a system-critical company, resulting in only temporary plant closures in a few smaller plants. Significant declines were observed among customers in the automotive industry, however, the areas of specialty applications and aftermarket business benefited from the changed conditions.

 

Finally, the high share of material costs and the relatively low share of fixed costs provided some breathing room regarding sales revenues. By using short-time work or similar work models, introducing a hiring and travel freeze, and systematically implementing further cost-saving measures, the effects of the crisis on our earnings were further mitigated. All this was achieved without having to consider structural adjustments among our loyal permanent staff.

 

We also still have a sound balance sheet structure and a secure financial position. Our equity ratio remains at a very high level of 75%.

 

In this context, we have intensified our activities around our FUCHS2025 initiative and achieved important milestones. Our investment program continues: We thus invested around EUR 58 million in the first six months of this year alone.

 

The effects of the crisis on supply chains, production and customer demand cannot be reliably estimated currently. A second pandemic wave and an associated further decline in demand due to a recession could have a negative impact on the economic development of FUCHS.

 

Based on today's assessment of the effects of the COVID-19 pandemic we have determined a new forecast for the financial year 2020 and expect a drop in earnings in the range of 25%."

 

Stefan Fuchs, Chairman of the Executive Board of FUCHS PETROLUB SE

 

- Development of sales revenues and earnings heavily impacted by COVID-19 pandemic

 

- Sales revenues down by 14% at EUR 1,120 million

 

- Earnings (EBIT) decline disproportionately by 29% to EUR 112 million

 

- New outlook for the current financial year: earnings decline in the range of 25%

 

 

 

FUCHS at a glance

EUR million H1 2020 H1 2019 Change %
Sales revenues (1) 1,120 1,296 -14
Europe, Middle East, Africa (EMEA) 690 799 -14
Asia-Pacific 320 355 -10
North and South America 181 212 -15
Consolidation -71 -70 -
Earnings before interest and tax (EBIT) 112 157 -29
Earnings after tax 79 112 -29
Capital expenditure 58 76 -24
Free cash flow before acquisitions 15 16 -6
Earnings per share in EUR      
Ordinary share 0.56 0.80 -30
Preference share 0.57 0.81 -30
Employees as at June 30 5,792 5,573 4
 

(1) By company location.

Sales revenues and earnings
In a persistently difficult economic environment, FUCHS generated sales revenues of EUR 1,120 million (1,296) in the first half of 2020, representing a decrease of 14%. The positive contribution from acquisitions (+1%) was offset by negative currency effects (-1%).

 

As expected, the COVID-19 pandemic spread to both the EMEA region and North and South America in the second quarter. By contrast, a clear upward trend was already emerging in the Asia-Pacific region, where the effects of the COVID-19 pandemic lessened over the course of the first half of the year.

Earnings in the first six months were impacted by the negative effects of COVID-19 in all global regions. In spite of this, a double-digit EBIT margin and a positive free cash flow before acquisitions were achieved.
EBIT was down by 29% year-on-year at EUR 112 million (157). Earnings after tax declined by 29% to EUR 79 million (112). Earnings per ordinary share were EUR 0.56 (0.80), and earnings per preference share were EUR 0.57 (0.81). At EUR 15 million (16), free cash flow before acquisitions was marginally lower than in the previous year.

Sales revenues and earnings by region
At EUR 690 million (799), sales revenues in the EMEA region were down significantly by 14% year-on-year. All major companies in the region were affected by decreasing sales revenues. As a result of the lockdowns, Germany, Spain, France, Italy, and the UK are most affected. The EMEA region's EBIT of EUR 56 million (80) was roughly one-third lower than in the previous year.

 

The Asia-Pacific region recorded a decline in sales revenues of 10% to EUR 320 million (355). The effects of the COVID-19 pandemic in this region lessened over the course of the half-year period, with June reaching the pre-crisis level thanks to China. Positive external growth (+2%) from the acquisition of a manufacturer of lubricants for the automotive retail sector in Australia was offset by negative currency effects (-2%), particularly from the Australian dollar. The Asia-Pacific region's EBIT saw a comparatively small decrease of 7% to EUR 41 million (44).

 

The North and South America region posted a decline in sales revenues of 15% to EUR 181 million (212). After a weak first quarter, the effects of the COVID-19 pandemic are intensifying the organic decreases in sales revenues. Due to acquisitions, the region's external growth came to 10% or EUR 21 million. The region's EBIT was particularly heavily impacted and halved to EUR 14 million (29).

 

Outlook
In April 2020, FUCHS PETROLUB SE suspended the outlook for the current year as a result of the considerable impact of the COVID-19 pandemic.

 

Based on today's assessment of the effects of the COVID-19 pandemic, FUCHS has determined a new forecast for the financial year 2020 and expects a drop in earnings in the range of 25%.

 

The effects of the crisis on supply chains, production and customer demand cannot be reliably estimated currently. A second pandemic wave and an associated further decline in demand due to a recession could have a negative impact on the economic development of FUCHS and is not taken into account in the current forecast for the full year.

 

FUCHS is well positioned to face the crisis and has a solid financial basis. The stability and structure of the balance sheet form a sound foundation for further development. Both the low proportion of fixed costs and the high proportion of raw materials have a positive effect. This allows us to breathe flexibly with sales. In addition, FUCHS once again benefits from its worldwide presence and broad product portfolio.

The strategy in the context of "FUCHS2025"
With the FUCHS2025 initiative, which deals with the topics of culture, strategy and structure, the Group has set out on a path into the future and developed a strategy based on six strategic pillars:

 

- Global strength
- Customer and market focus
- Technology leader
- Operational excellence
- People and organization
- Sustainability

 

"By 2025 we want to achieve sustainable revenue growth at a 15% EBIT margin and corresponding FUCHS Value Added growth. We will focus on a market segment approach to increase market penetration and further expand our range of comprehensive lubrication solutions. We want to position ourselves as a technology leader. Our goal is to hold a leading position in all relevant core segments. To achieve this, we use the broad range of our portfolio to serve our customers as a full-line supplier. In the Asia-Pacific and Americas regions, we aim to achieve overproportionate growth and thus create a balance between our three world regions. We want to be the employer of choice for existing and future employees. We have also achieved CO2 neutrality "gate-to-gate" in 2020 and are preparing to offer climate-neutral products "cradle-to-gate" by 2025. Overall, we see considerable growth potential for the future based on this approach," says Stefan Fuchs, CEO FUCHS PETROLUB SE.

Mannheim, July 30, 2020

 

FUCHS PETROLUB SE
Public Relations
Friesenheimer Str. 17
68169 Mannheim, Germany
Tel. +49 621 3802-1207

nina.consagra@fuchs.com
www.fuchs.com/group

 

The following information is available online:
Image and video material: https://www.fuchs.com/gb-en/photo-gallery/

About FUCHS
The FUCHS Group develops, produces and markets high-grade lubricants and related specialties for virtually all industries and areas of application. Formed in Mannheim in 1931, the Group employs almost 6,000 people worldwide at 62 operating companies. FUCHS is the world's largest independent lubricant manufacturer. Its most important markets in terms of sales revenues are Western Europe, Asia and North America.

 

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.

 
                   

30.07.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

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Press Release
news-5045 Tue, 28 Jul 2020 10:00:07 +0200 FUCHS PETROLUB SE: Supervisory Board extends Stefan Fuchs's Executive Board appointment https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/5045-fuchs-petrolub-se-supervisory-board-extends-stefan-fuchs-s-executive-board-appointment/ FUCHS PETROLUB SE: Supervisory Board extends Stefan Fuchs's Executive Board appointment

 

FUCHS PETROLUB SE: Supervisory Board extends Stefan Fuchs's Executive Board appointment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  DGAP-News: FUCHS PETROLUB SE     / Key word(s): Personnel    
                28.07.2020 / 10:00
      The issuer is solely responsible for the content of this announcement.
   

Supervisory Board extends Stefan Fuchs's Executive Board appointment

The Supervisory Board of FUCHS PETROLUB SE resolved at its meeting today to extend the contract with the Chairman of the Executive Board Stefan Fuchs (52) until June 30, 2026. In this way, FUCHS PETROLUB is ensuring continuity on its Executive Board. Stefan Fuchs has been on the Executive Board since 1999 and has served as its chairman since 2004. He is responsible for the areas of Corporate Group Development, Strategy, Human Resources, PR & Marketing, inoviga and Automotive Aftermarket.

 

The contracts with Dr. Lutz Lindemann (60), Dr. Timo Reister (41), Dr. Ralph Rheinboldt (53), and Dagmar Steinert (55) are in place until December 31, 2023.

 

Mannheim, July 28, 2020

 

FUCHS PETROLUB SE
Public Relations
Friesenheimer Str. 17
68169 Mannheim, Germany
Tel. +49 621 3802-1207

nina.consagra@fuchs.com
www.fuchs.com/group

 

The following information is available online:
Image and video material: https://www.fuchs.com/gb-en/photo-gallery/

About FUCHS
The FUCHS Group develops, produces and markets high-grade lubricants and related specialties for virtually all industries and areas of application. Formed in Mannheim in 1931, the Group employs almost 6,000 people worldwide at 62 operating companies. FUCHS is the world's largest independent lubricant manufacturer. Its most important markets in terms of sales revenues are Western Europe, Asia and North America.

 

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.
 

 
                   

28.07.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

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Press Release
news-5321 Mon, 27 Jul 2020 17:44:14 +0200 FUCHS PETROLUB SE announces new earnings outlook for the current financial year https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/5321-fuchs-petrolub-se-announces-new-earnings-outlook-for-the-current-financial-year/ FUCHS PETROLUB SE announces new earnings outlook for the current financial year

 

FUCHS PETROLUB SE announces new earnings outlook for the current financial year

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FUCHS PETROLUB SE / Key word(s): Change in Forecast/Preliminary Results
  FUCHS PETROLUB SE announces new earnings outlook for the current financial year
   
27-Jul-2020 / 17:44 CET/CEST
  Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
  The issuer is solely responsible for the content of this announcement.

 


 

FUCHS PETROLUB SE announces new earnings outlook for the current financial year

 

As expected, in the first half of 2020, FUCHS recorded sales revenues of 14% and earnings (EBIT) of 29% below the previous year.

 

In April 2020, FUCHS PETROLUB SE suspended the outlook for the current year as a result of the considerable impact of the COVID-19 pandemic.

 

Based on today's assessment of the effects of the COVID-19 pandemic, FUCHS has determined a new forecast for the financial year 2020 and expects a drop in earnings in the range of 25%.

 

The effects of the crisis on supply chains, production and customer demand cannot be reliably estimated currently. A second pandemic wave and an associated further decline in demand due to a recession could have a negative impact on the economic development of FUCHS and is not taken into account in the current forecast for the full year.

 

FUCHS is well positioned to face the crisis and has a solid financial basis. The stability and structure of the balance sheet form a sound foundation for further development. Both the low proportion of fixed costs and the high proportion of raw materials have a positive effect. This allows us to breathe flexibly with sales. In addition, FUCHS once again benefits from its worldwide presence and broad product portfolio.

 

The complete half-year financial report 2020 will be published as scheduled on July 30, 2020.

 

Mannheim, July 27, 2020

 

Contact

 

FUCHS PETROLUB SE
Investor Relations
Thomas Altmann
Tel. +49 621 3802-1105
thomas.altmann@fuchs.com

 

Important note
This ad hoc 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, actual future developments and results can 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 in 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 ad hoc release and assumes no liability for such.

 
         

27-Jul-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

 

 

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Ad hoc Release
news-5046 Tue, 05 May 2020 16:15:42 +0200 FUCHS virtual Annual General Meeting 2020 - All agenda items approved by a large majority https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/5046-fuchs-virtual-annual-general-meeting-2020-all-agenda-items-approved-by-a-large-majority/ FUCHS virtual Annual General Meeting 2020 - All agenda items approved by a large majority

 

FUCHS virtual Annual General Meeting 2020 - All agenda items approved by a large majority

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  DGAP-News: FUCHS PETROLUB SE     / Key word(s): AGM/EGM    
                05.05.2020 / 16:15
      The issuer is solely responsible for the content of this announcement.
   

FUCHS virtual Annual General Meeting 2020 - All agenda items approved by a large majority

 

- 18th consecutive dividend increase to EUR 0.97 per preference share and EUR 0.96 per ordinary share
- Shareholders elect new Supervisory Board
- Dr. Kurt Bock confirmed as Chairman of the Supervisory Board,
Dr. Susanne Fuchs appointed as Deputy Chairwoman of the Supervisory Board and Ingeborg Neumann as Chairwoman of the Audit Committee

 

At the FUCHS PETROLUB SE virtual Annual General Meeting 2020, which took place today, the FUCHS shareholders approved all the agenda items by a large majority. 99.99% voted in favor of the proposed dividend payment of EUR 0.97 per preference share and EUR 0.96 per ordinary share. This corresponds to an increase of 2 cents per share compared to the previous financial year. The actions of the Executive Board and the Supervisory Board were approved by 99.99% and 99.96%, respectively. 99.99% of shareholders also accepted the proposal to appoint PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft, Frankfurt am Main, as auditor of the annual financial statements and auditor of the consolidated annual financial statements for the 2020 financial year. In addition, the proposal regarding the remuneration of the Supervisory Board of FUCHS PETROLUB SE was approved by 85.67%, while the remuneration system for the members of the Executive Board was approved by 86.39%.

 

The Nomination Committee's proposals for filling Supervisory Board positions were followed by the shareholders with a large majority. The shareholders thus confirmed Dr. Kurt Bock (98.37%), Dr. Susanne Fuchs (98.19%) and Ingeborg Neumann (88.04%) as shareholder representatives and elected Dr. Christoph Loos (99.88%) as a new member of the Board. Furthermore, Cornelia Stahlschmidt and Jens Lehfeldt were appointed to the Supervisory Board as employee representatives. Following the Annual General Meeting, the new Supervisory Board of FUCHS PETROLUB SE elected Dr. Kurt Bock as its Chairman and Dr. Susanne Fuchs as its Deputy Chairwoman at its constituent meeting. Ingeborg Neumann was elected as Chairwoman of the Audit Committee.

 

Authorization to acquire own shares was also granted. 99.62% of ordinary shareholders (preference shareholders: 91.21%) approved the anticipatory resolution, which is valid until May 4, 2025. In addition, a resolution regarding amendments to the Articles of Association was passed by 99.98%.

 

More than 800 shareholders participated in the virtual Annual General Meeting of FUCHS PETROLUB SE. A total of 82.36% of the ordinary shares with voting rights and 55.78% of the preference shares were represented. Together this equates to 69.08% of the share capital.

 

A detailed overview of the voting results can be found on the company's website at www.fuchs.com/group under Investor Relations and then under Annual General Meeting 2020.

 

Mannheim, May 5, 2020

 

FUCHS PETROLUB SE
Public Relations
Friesenheimer Str. 17
68169 Mannheim, Germany
Tel. +49 621 3802-1104

tina.vogel@fuchs.com
www.fuchs.com/group

 

The following information is available online:
Image and video material: www.fuchs.com/group/mediagallery

About FUCHS
The FUCHS Group develops, produces and markets high-grade lubricants and related specialties for virtually all industries and areas of application. Formed in Mannheim in 1931, the Group employs almost 6,000 people worldwide at 62 operating companies. FUCHS is the world's largest independent lubricant manufacturer. Its most important markets in terms of sales revenues are Western Europe, Asia and North America.

 

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.

 
                   

05.05.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

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Press Release
news-5047 Thu, 30 Apr 2020 07:00:12 +0200 FUCHS achieves slightly lower sales revenues in the first quarter of 2020 - solid financial basis forms a foundation for further development https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/5047-fuchs-achieves-slightly-lower-sales-revenues-in-the-first-quarter-of-2020-solid-financial-basis-forms-a-foundation-for-further-development/ FUCHS achieves slightly lower sales revenues in the first quarter of 2020 - solid financial basis forms a foundation for further development

 

FUCHS achieves slightly lower sales revenues in the first quarter of 2020 - solid financial basis forms a foundation for further development

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  DGAP-News: FUCHS PETROLUB SE     / Key word(s): Quarterly / Interim Statement    
                30.04.2020 / 07:00
      The issuer is solely responsible for the content of this announcement.
   

FUCHS achieves slightly lower sales revenues in the first quarter of 2020 - solid financial basis forms a foundation for further development

"The outbreak of the COVID-19-pandemic in China has already left its mark on FUCHS' quarterly result. The slump in sales revenues and earnings in China resulted in a decline in Group sales revenues of around 4% and had a significant impact on the EBIT of EUR 72 million, which was 6% or EUR 5 million below the previous year.

 

We are expecting a significant drop in sales revenues and earnings in the second quarter, which will probably continue in the second half of the year, although hopefully at a slower pace. FUCHS is well-positioned to respond to the crisis and has a solid financial basis. The stability and structure of our balance sheet form a solid foundation for the further development. There is a positive effect from the low proportion of fixed costs and the high proportion of raw materials, which gives us breathing room regarding sales revenues. In addition, FUCHS is once again benefiting from its global presence and broad-based product portfolio. For example, we are seeing signs of recovery after the sharp downturn in China in the first quarter, which is helping to mitigate declines in other regions."

 

Stefan Fuchs, Chairman of the Executive Board of FUCHS PETROLUB SE

 

- Sales revenues: -4% to EUR 616 million

 

- Earnings (EBIT) down 6% to EUR 72 million

 

- COVID-19: Impact still comparatively small in Q1

 

- Significant uncertainty regarding statements on future development:
For the first half of the year significant decline in earnings in the order of 30% expected. An adjusted outlook for the full year 2020 is not possible under the current circumstances

 

FUCHS at a glance

EUR million Q1 2020 Q1 2019 Change Change %
Sales revenues 1 616 643 -27 -4
Europe, Middle East, Africa 401 400 1 0
Asia-Pacific 146 171 -25 -14
North and South America 110 106 4 4
Consolidation -41 -34 -7 -
EBIT 72 77 -5 -6
Earnings after tax 51 55 -4 -7
Capital expenditure 31 34 -3 -9
Free cash flow before acquisitions -4 13 -17 -
Earnings per share in EUR        
Ordinary share 0.36 0.39 -0.03 -8
Preference share 0.37 0.39 -0.02 -5
Employees as at March 31 5,873 5,489 384 7
   

1 By company location.

 

Sales revenues and earnings
In a challenging economic environment, FUCHS PETROLUB generated sales revenues of EUR 616 million (643) in the first quarter of 2020, which is moderately below the previous year's level. Growth in North and South America continued due to acquisitions but did not offset the decline in sales revenues in the Asia-Pacific region due to the impact of the COVID-19-pandemic in China.

 

The income statement for the first three months of the year is influenced by the positive upward trend in the gross margin from the previous year, with gross profit increasing slightly despite the decline in sales revenues related to COVID-19. EBIT was down 6% year-on-year at EUR 72 million (77). Earnings after tax declined by 7% to EUR 51 million (55). Earnings per ordinary share were EUR 0.36 (0.39), and earnings per preference share were EUR 0.37 (0.39).

 

Free cash flow before acquisitions was significantly lower than in the previous year at EUR -4 million (13). This was not only due to an increase in net operating working capital, but also to the high level of investment in non-current assets of EUR 31 million (34).

Sales revenues and earnings by region
At EUR 401 million (400), sales revenues in the region Europe, Middle East, Africa (EMEA) remained at the previous year's level. Germany continued to benefit from high Group deliveries to China at the start of the year. On the other hand, Brexit is weakening business in the UK. The region Asia-Pacific recorded a significant decline in sales revenues of 14% to EUR 146 million (171). The region North and South America is continuing its positive growth trend thanks to acquisitions. Organic sales revenues went down by 6% in the region. Positive currency effects in North America are compensating for negative effects from South America. Sales revenues in the region thus rose by 4% to EUR 110 million (106).

 

There was positive EBIT growth in the region EMEA due to high internal deliveries from Germany to China at the start of the year and significant earnings increases in Poland. In addition to a significant slump in business in China in February in the region Asia-Pacific, EBIT is also being impacted by declining sales revenues in the automotive and mining industries in the region North and South America and by bad debt losses in North America. In the region EMEA, EBIT rose by 13% to EUR 43 million (38). The Asia-Pacific region's EBIT decreased by 19% to EUR 17 million (21) and the EBIT of the region North and South America by 14% to EUR 12 million (14).

 

Outlook
In mid-March, the International Monetary Fund (IMF) lowered its forecast for global economic growth dramatically. The IMF expects the global economy to shrink by 3% in view of the global COVID-19-crisis. 2020 is expected to bring the worst recession on record since the Great Depression in the 1930s. The IMF pointed out that estimates would depend on the duration of the pandemic and were subject to extreme uncertainty.

 

As a consequence of the COVID-19-pandemic, FUCHS also will be unable to meet its expectations for the full year as published in March. The difficult market environment is set to deteriorate in the second quarter of the year, in which we are expecting a significant drop in earnings in the order of 50%. This represents a significant decline in earnings of around 30% year-on-year for the first half of the year. This statement is subject to great uncertainty. The effects of the crisis on supply chains, production and customer demand cannot currently be reliably estimated. A further or prolonged decline in demand due to the recession could have a negative impact on FUCHS' economic development.

 

Our solid capital and balance sheet structure is the basis for an appropriate liquidity position. Enough precautions have been taken to maintain liquidity, even after dividend payments.

 

Further forecasts for the rest of the year are not possible under the current circumstances.

 

Mannheim, April 30, 2020

 

FUCHS PETROLUB SE
Public Relations
Friesenheimer Str. 17
68169 Mannheim, Germany
Tel. +49 621 3802-1104

tina.vogel@fuchs.com
www.fuchs.com/group

 

The following information is available online:
Image and video material: www.fuchs.com/group/mediagallery

About FUCHS
The FUCHS Group develops, produces and markets high-grade lubricants and related specialties for virtually all industries and areas of application. Formed in Mannheim in 1931, the Group employs almost 6,000 people worldwide at 62 operating companies. FUCHS is the world's largest independent lubricant manufacturer. Its most important markets in terms of sales revenues are Western Europe, Asia and North America.

 

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.

 
                   

30.04.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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