FUCHS PETROLUB SE https://fuchs.com en Wed, 11 Dec 2019 18:43:19 +0100 Wed, 11 Dec 2019 18:43:19 +0100 news-2442 Thu, 05 Dec 2019 13:51:22 +0100 FUCHS strengthens presence in Sub-Saharan Africa through joint ventures https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/2442-fuchs-strengthens-presence-in-sub-saharan-africa-through-joint-ventures/ DGAP-News: FUCHS PETROLUB SE / Key word(s): Joint Venture05.12.2019 / 13:51 The issuer is solely responsible

FUCHS strengthens presence in Sub-Saharan Africa through joint ventures

DGAP-News: FUCHS PETROLUB SE / Key word(s): Joint Venture
05.12.2019 / 13:51
The issuer is solely responsible for the content of this announcement.

FUCHS strengthens presence in Sub-Saharan Africa through joint ventures

The FUCHS Group, which operates globally in the lubricants industry, has acquired 50% of the shares of three distributors based in Zimbabwe, Zambia and Mozambique. FUCHS has been working with these partners for more than 15 years. After the recent establishment of a FUCHS entity in Tanzania, these acquisitions further strengthen the footprint of FUCHS in Sub-Saharan Africa. The joint ventures employ 90 people and generated sales of around EUR 21 million in the 2018 financial year.

"Customers in these countries, who require lubricants and services in fields like mining, commercial vehicle fleets, general industry, agriculture, food and beverage, consumer products and other specialty applications will benefit locally from even stronger lubricants focus supported by international resources," says Alf Untersteller, Executive Vice President FUCHS PETROLUB SE.

The wholly owned FUCHS entity FUCHS SOUTHERN AFRICA has developed these three Sub-Saharan distributors over more than a decade. "The distributors have done an excellent job in building the FUCHS brand in their countries and the timing is now right for FUCHS to take an equity stake in the businesses. Additionally, FUCHS sees significant importance in the development of Africa, where it also contributes sizeable efforts to the sustainable social development of the continent," says FUCHS SOUTHERN AFRICA Managing Director, Paul Deppe.

"FUCHS has invested significantly in South Africa in recent time through the acquisitions of LUBRITENE, LUBRASA and OPTIFLOW in 2014 and investments in a state of the art, fully automated grease manufacturing plant which opened in 2018 at its manufacturing hub in Isando, Johannesburg. This will supply markets in Africa and is also part of our current global growth initiative investing in existing and new plants focused on capacity increase in line with advanced technology. Further plant expansions are already being planned," says Stefan Fuchs, Chairman of the Executive Board of FUCHS PETROLUB SE.

FUCHS has signed to acquire and expects closing in early 2020.

Mannheim, December 5, 2019

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: 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 around 5,500 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.



05.12.2019 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



show this

]]>
Press Release
news-2440 Thu, 07 Nov 2019 14:22:44 +0100 DGAP-DD: FUCHS PETROLUB SE english https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/2440-dgap-dd-fuchs-petrolub-se-english/ Notification and public disclosure of transactions by persons discharging managerial responsibilities

DGAP-DD: FUCHS PETROLUB SE english


Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

07.11.2019 / 14:22
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
Disposal

c) Price(s) and volume(s)
Price(s) Volume(s)
40.60 EUR 20300.00 EUR
40.62 EUR 14420.10 EUR
40.64 EUR 1584.96 EUR
40.66 EUR 158817.96 EUR
40.68 EUR 4840.92 EUR
40.70 EUR 42938.50 EUR
40.84 EUR 15560.04 EUR
40.72 EUR 1588.08 EUR
40.74 EUR 22692.18 EUR
40.76 EUR 95622.96 EUR
40.78 EUR 31196.70 EUR
40.80 EUR 24806.40 EUR
40.82 EUR 9021.22 EUR
40.86 EUR 7477.38 EUR
40.88 EUR 19581.52 EUR
40.60 EUR 8160.60 EUR

d) Aggregated information
Price Aggregated volume
40.7188634 EUR 478609.52 EUR

e) Date of the transaction
2019-11-06; UTC+1

f) Place of the transaction
Name: XETRA - Regulierter Markt
MIC: XETA



07.11.2019 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



show this

]]>
Directors Dealing
news-2438 Wed, 06 Nov 2019 15:08:25 +0100 DGAP-DD: FUCHS PETROLUB SE english https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/2438-dgap-dd-fuchs-petrolub-se-english/ Notification and public disclosure of transactions by persons discharging managerial responsibilities

DGAP-DD: FUCHS PETROLUB SE english


Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

06.11.2019 / 15:07
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)
41.14 EUR 28592.30 EUR
41.04 EUR 29056.32 EUR
41.08 EUR 22511.84 EUR
41.10 EUR 30701.70 EUR
41.06 EUR 83064.38 EUR
41.00 EUR 13530.00 EUR
41.02 EUR 28960.12 EUR
41.12 EUR 4811.04 EUR

d) Aggregated information
Price Aggregated volume
41.0670242 EUR 241227.70 EUR

e) Date of the transaction
2019-11-05; UTC+1

f) Place of the transaction
Name: XETRA - Regulierter Markt
MIC: XETA



06.11.2019 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



show this

]]>
Directors Dealing
news-2436 Fri, 01 Nov 2019 18:21:32 +0100 FUCHS acquires Chemicals Process Management business in North America https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/2436-fuchs-acquires-chemicals-process-management-business-in-north-america/ DGAP-News: FUCHS PETROLUB SE / Key word(s): Acquisition01.11.2019 / 18:21 The issuer is solely responsible

FUCHS acquires Chemicals Process Management business in North America

DGAP-News: FUCHS PETROLUB SE / Key word(s): Acquisition

01.11.2019 / 18:21
The issuer is solely responsible for the content of this announcement.


FUCHS acquires Chemicals Process Management business in North America

The FUCHS Group, which operates globally in the lubricants sector, is acquiring the business of ZIMMARK INC. The Burlington, Ontario, Canada based company is a service company offering value added services in the lubricants and Chemicals Process Management (CPM) space.

With this acquisition the FUCHS Group expands its service portfolio in the industrial lubricant market and will deploy its processes where applicable throughout its other global divisions. The business will operate as a separate Chemicals Process Management (CPM) Division of FUCHS' North American industrial business.

"Today's larger sophisticated customers are looking for an integrated partnership with their lubricant supplier inclusive of a service offering complimenting a fluid solution to their challenges. FUCHS offers many Chemicals Process Management (CPM) programs throughout Europe and China. We will use ZIMMARK's Technical Process Management (Z-TPM), focusing on rigorous control plans, as a nucleus to grow the service component of the business in the United States," says Keith Brewer, President & CEO of FUCHS LUBRICANTS CO., USA. "The acquisition, and especially the ZIMMARK team, will significantly enlarge our service offering capability to existing business along with offering value added services to new customers using FUCHS' marketplace presence."

The transaction will be effective November 1, 2019.

ZIMMARK employs 60 people and generated EUR 4 million in sales in its fiscal year 2018, all of that in North America.

In 2018 the FUCHS Group accounted for EUR 2,567 million sales with staff of 5,446. FUCHS LUBRICANTS CO., USA made EUR 284 million sales with 420 employees.

Mannheim, November 1, 2019

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: 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 around 5,500 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.



01.11.2019 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



show this

]]>
Press Release
news-2434 Wed, 30 Oct 2019 07:00:13 +0100 FUCHS generates sales revenues at previous year's level in the first nine months; decline of 17% in earnings is less significant than expected https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/2434-fuchs-generates-sales-revenues-at-previous-years-level-in-the-first-nine-months-decline-of-17/ DGAP-News: FUCHS PETROLUB SE / Key word(s): Interim Report30.10.2019 / 07:00 The issuer is solely responsible

FUCHS generates sales revenues at previous year's level in the first nine months; decline of 17% in earnings is less significant than expected

DGAP-News: FUCHS PETROLUB SE / Key word(s): Interim Report

30.10.2019 / 07:00
The issuer is solely responsible for the content of this announcement.


FUCHS generates sales revenues at previous year's level in the first nine months; decline of 17% in earnings is less significant than expected

"After a disappointing second quarter, we are satisfied with the results of the past months. We achieved organic growth of EUR 1 million in the third quarter. Our strict cost control is starting to yield results without negatively impacting the modernization and expansion of our plants. EBIT for the first nine months was down 17% year-on-year. The decline was thus not as significant as we had feared back in July. In this context, we are specifying our outlook for 2019 as a whole and expect sales and EBIT to be at the upper end of the forecast.
With an EBIT margin of 12.6% and an extremely solid balance sheet, we have a healthy basis for the continuation of our growth and modernization program and for continued focus on our cultural, structural and strategic initiative FUCHS2025," says Stefan Fuchs, Chairman of the Executive Board of FUCHS PETROLUB SE.

FUCHS at a glance

EUR million Q1-3 2019 Q1-3 2018(1) Change %
Sales revenues(2) 1,952 1,953 0
Europe, Middle East, Africa 1,201 1,237 -3
Asia-Pacific 535 542 -1
North and South America 320 304 5
Consolidation -104 -130 -
Earnings before interest and tax (EBIT) 246 297 -17
Earnings after tax 176 219 -20
Capital expenditure 103 73 41
Free cash flow before acquisitions(3) 94 121 -22
Earnings per share in EUR      
Ordinary share 1.26 1.57 -20
Preference share 1.27 1.58 -20
Employees as at September 30 5,636 5,386 5
 

(1) Prior-year figures adjusted.
(2) By company location.
(3) Including divestments.


Sales revenues and earnings
In a difficult economic environment, FUCHS PETROLUB generated sales revenues on a par with the previous year in the first nine months of 2019 at EUR 1,952 million (1,953). After a difficult start to the year and a disappointing second quarter, FUCHS posted organic growth of EUR 1 million in the third quarter.
The income statement for the first nine months was dominated by the planned increase in costs in connection with the growth program. EBIT was down 17% year-on-year at EUR 246 million (297), or down 14% on a comparable basis before one-off income. Earnings after tax declined by 20% to EUR 176 million (219). Compared to the previous year, earnings per ordinary and preference share fell by EUR 0.31 or 20% to EUR 1.26 and EUR 1.27 respectively.
At EUR 94 million (121), free cash flow before acquisitions was significantly lower than in the previous year as a result of the EUR 30 million increase in investments in non-current assets to EUR 103 million (73).


Sales revenues and earnings by region
The Europe, Middle East, Africa (EMEA) region generated sales revenues of EUR 1,201 million (1,237), down roughly 3% on the previous year. Compared to the first half of the year, the decline in sales revenues slowed slightly in the third quarter. However, Germany in particular continues to suffer due to the ongoing weakness of the global automotive market. After the first nine months, the Asia-Pacific region was down 1% year-on-year with sales revenues of EUR 535 million (542), but recorded a 4% decrease in organic terms. The decline in sales revenues in China slowed in the third quarter compared to the previous year. However, the automotive crisis had already affected China in the fall of the previous year, resulting in declining sales revenues. The North and South America region increased its sales revenues by 5% to EUR 320 million (304). Positive currency effects as a result of the strong US dollar contributed 4% of this.

The EBIT of the regions was significantly negatively impacted by the planned increase in costs as a result of the growth and modernization program. In EMEA, EBIT fell by 20% to EUR 130 million (162). On a comparable basis, the decrease amounted to 13%. The Asia-Pacific region's EBIT was down 16% year-on-year at EUR 67 million (80). In the North and South America region, EBIT declined by 9% to EUR 41 million (45).

Outlook
Given the economic situation, and particularly the continuing crisis in the automotive industry, FUCHS continues to anticipate a significant decline in earnings in comparison to the previous year. Based on the third quarter, the outlook for the current year is specified. FUCHS expects both sales revenues (-3% to +0%) and EBIT (-30% to -20% based on EBIT 2018 including one-off income) to be at the upper end of the range of the forecast.

Mannheim, October 30, 2019

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:
Quarterly statement for Q1-3 2019: www.fuchs.com/group/investor-relations/publications
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. The company, which was founded in Mannheim in 1931, employs around 5,500 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, 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 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.



30.10.2019 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



show this

]]>
Press Release
news-2432 Fri, 25 Oct 2019 17:45:03 +0200 20th annual FUCHS Sponsorship Award: In its anniversary year, FUCHS awards EUR 75,000 to social projects in Mannheim https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/2432-20th-annual-fuchs-sponsorship-award-in-its-anniversary-year-fuchs-awards-eur-75000-to-social/ DGAP-News: FUCHS PETROLUB SE / Key word(s): Miscellaneous25.10.2019 / 17:45 The issuer is solely responsible

20th annual FUCHS Sponsorship Award: In its anniversary year, FUCHS awards EUR 75,000 to social projects in Mannheim

DGAP-News: FUCHS PETROLUB SE / Key word(s): Miscellaneous

25.10.2019 / 17:45
The issuer is solely responsible for the content of this announcement.


20th annual FUCHS Sponsorship Award: In its anniversary year, FUCHS awards EUR 75,000 to social projects in Mannheim

On October 25, 2019, the Mannheim-based lubricant manufacturer FUCHS PETROLUB SE hosted its 20th sponsorship award for 15 social projects at its home location. In the anniversary year, the funding amounts to EUR 75,000. In 2019, Lord Mayor Dr. Peter Kurz again took over the patronage.

In 2000, the FUCHS Sponsorship Award was presented for the first time. "Social responsibility and the support of social projects have a long tradition at FUCHS. With our sponsorship award, we not only honor social projects, but also wish to express our appreciation for the social commitment of the many volunteers," says Stefan Fuchs, CEO of FUCHS PETROLUB SE. "As early as the 1990s, earnings generated on the Mannheim Maimarkt were donated to organizations that help people in difficult situations under the heading 'Oil cans help'. Since then, we have honored over 150 initiatives and I am proud that the FUCHS Sponsorship Award has firmly established itself in Mannheim."

Sustainable business and innovative developments are also important to the lubricant manufacturer when it comes to social commitment. This is why FUCHS awarded two newly created additional prizes in the innovation and sustainability categories for the first time. The "Mannheimer Platte", which offers a hot meal to people in need for more than 20 years, received the "Project of the Year - Sustainability" award. The prize for the "Project of the Year - Innovation" was awarded to "Arbeiterwohlfahrt Mannheim", which initiated a course system in modules with the "Mannheim Tenant Driving License" for migrants to improve opportunities for disadvantaged people looking for accommodation.

Of the more than 60 applications received, 15 were awarded prizes by FUCHS. In 2019, Willis Towers Watson, FUCHS' insurance broker, supported another project with a grant of EUR 5,000.

Projects and winners 2019:

  • Mannheim Tenant Driving License - Fit for your own home, Arbeiterwohlfahrt Kreisverband Mannheim e. V. (Project of the Year - Innovation)
  • Meal funding, Mannheimer Platte e. V. (Project of the Year - Sustainability)
  • Renovation of the youth apartment "Horst", CVJM Mannheim e. V.
  • Achievement of educational goals through retreat and relaxation rooms "Freiraum", Freundeskreis der Eugen-Neter-Schule Mannheim e. V.
  • Young Engagement Filsbach, Begegnungsstätte Westliche Unterstadt e. V.
  • Social Learning at the Maria Montessori School, Freundeskreis Lichtblick e. V.
  • Music lessons in St. Josef / renewal of the equipment, Kinder- und Jugendheim St. Josef
  • Next Generation Hip Hop 2020, Förderverein Jugendhaus Schönau e. V.
  • The walk-in wardrobe - rent your clothes, Freezone - Anlaufstelle für Straßenkinder
  • MAG1 Mannheim against loneliness, MAG1 Mannheim gegen Einsamkeit e. V.
  • From living next to each other to living together "We Neighbors" - meeting point for people aged 55 and over, DRK Kreisverband Mannheim e. V.
  • Healthy by dance, Unsere Welt e. V.
  • Neighborhood project Rastenburger Straße, Evangelische Schönaugemeinde Mannheim
  • Support self-help groups - strengthen voluntary work, Regionale Arbeitsgemeinschaft der Selbsthilfegruppen in Mannheim
  • The wishes cart - dare last wishes, ASB Mannheim / Rhein-Neckar
  • Clever holidays for Mannheim children, Gemeinnützige CLIMB GmbH (Prize from Willis Towers Watson)

The live broadcast of the award ceremony and further information about the prize winners can be found at: https://www.fuchs.com/group/technology-sustainability/corporate-citizenship/fuchs-sponsorship-award/
 

Mannheim, October 25, 2019

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

www.fuchs.com/group

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 around 5,500 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.



25.10.2019 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



show this

]]>
Press Release
news-2430 Mon, 21 Oct 2019 15:53:52 +0200 FUCHS acquires high-performance specialty synthetic lubricant manufacturer in the US https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/2430-fuchs-acquires-high-performance-specialty-synthetic-lubricant-manufacturer-in-the-us/ DGAP-News: FUCHS PETROLUB SE / Key word(s): Acquisition 21.10.2019 / 15:53 The issuer is solely responsible

FUCHS acquires high-performance specialty synthetic lubricant manufacturer in the US

DGAP-News: FUCHS PETROLUB SE / Key word(s): Acquisition

21.10.2019 / 15:53
The issuer is solely responsible for the content of this announcement.


FUCHS acquires high-performance specialty synthetic lubricant manufacturer in the US

The FUCHS Group, which operates globally in the lubricants industry, has signed an agreement to acquire Nye Lubricants Inc. The Fairhaven, Massachusetts, manufacturer is a leader in the innovation, formulation and manufacturing of synthetic lubricants. Pending final closing of this acquisition, the FUCHS Group further expands its specialty lubricants product portfolio, offering engineered solutions across multiple markets while creating opportunities to serve new high-end and critical applications. The business will continue to be operated out of its Fairhaven, Massachusetts, location.

"Nye's mission is to partner with innovative companies and provide high-performance lubricants using our leading-edge technology and engineering expertise. It combines its integrity, proven experience and deep technical knowledge to solve its customers' toughest engineering challenges focusing on the automotive, medical, aerospace and in-vacuum industries," says George Mock, President of Nye.

"We are very excited to have Nye join the FUCHS Group. While FUCHS and Nye operate in the same industries, the Nye product offering allows us to capitalize on additional high value-added applications. This furthers FUCHS' objective to be able to offer a full lubricant solution into our target markets," says Stefan Fuchs, Chairman of the Executive Board of FUCHS PETROLUB SE.

"Nye brings specific engineering expertise and a design partnership approach to the customer relationship that is unique. We will use this approach and build upon it using our broad market penetration. The acquisition, and the Nye team, will significantly increase our R&D and engineering expertise while using FUCHS' supply chain and market presence to satisfy emerging customer needs," adds Keith Brewer, President & CEO of FUCHS LUBRICANTS CO., USA.

The parties expect that the transaction will close towards the end of 2019.

Nye employs 180 people and generated USD 51 million (approx. EUR 46 million) in sales in its fiscal year 2018, throughout North America, Europe and Asia.

In 2018 the FUCHS Group accounted for EUR 2,567 million sales with staff of 5,446. FUCHS LUBRICANTS CO. (USA) generated sales of EUR 284 million with 420 employees.

Mannheim, October 21, 2019

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: 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 around 5,500 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.



21.10.2019 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



show this

]]>
Press Release
news-2428 Fri, 18 Oct 2019 15:45:02 +0200 FUCHS to be CO2-neutral globally by 2020 https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/2428-fuchs-to-be-co2-neutral-globally-by-2020/ DGAP-News: FUCHS PETROLUB SE / Key word(s): Miscellaneous 18.10.2019 / 15:45 The issuer is solely responsible

FUCHS to be CO2-neutral globally by 2020

DGAP-News: FUCHS PETROLUB SE / Key word(s): Miscellaneous

18.10.2019 / 15:45
The issuer is solely responsible for the content of this announcement.


FUCHS to be CO2-neutral globally by 2020

FUCHS PETROLUB, the world's largest independent lubricant group, is setting a clear signal for global climate protection. From January 1, 2020, the company will manufacture completely CO2-neutral - a further milestone in FUCHS' sustainable development.

From 2020, the 58 FUCHS locations worldwide will be CO2-neutral - from energy consumption in production to consumables in administration.

In order to implement CO2-neutrality as early as 2020, FUCHS will offset its CO2 emissions, which have not yet been avoided so far, with compensation measures. This will be done by the company investing in high-quality climate protection projects aimed primarily at promoting renewable energies. The projects are accredited, approved and monitored according to internationally recognized certification standards such as the Gold Standard as well as by renowned organizations such as the United Nations (UN). The validation of the project results with regard to the CO2 savings achieved is verified by independent testing bodies such as TÜV.

"FUCHS' CO2-neutrality strategy is embedded in our sustainability strategy, which we launched ten years ago. In this way, we are taking responsibility for global climate protection," says Stefan Fuchs, Chairman of the Executive Board of FUCHS PETROLUB SE, "and making an important contribution to achieving the goals of the UN climate protection agreement ratified in Paris in 2015." This agreement aims to limit global warming to well below two degrees Celsius compared with pre-industrial levels.

"When selecting projects, our focus is on climate protection projects that support economic, ecological and social development worldwide in regions with FUCHS locations. In this way we fulfill our global social responsibility in the sense of corporate citizenship," adds Fuchs. At the same time FUCHS also supports the 17 sustainable development goals of the UN to which the company has officially committed itself since 2018.

"But it is also clear that this form of CO2 offsetting will merely support and not replace our ongoing efforts to globally reduce our (avoidable) CO2 emissions," says Apu Gosalia, Chief Sustainability Officer and Vice President Global Intelligence. For example, energy-consumption-specific CO2 emissions per ton of FUCHS lubricant produced have already been reduced by a total of around 30% since 2010.

In the medium term, FUCHS intends to gradually reduce its carbon compensation payments and increase its share of renewable energy supplies while continuing to invest in improving the energy efficiency of its locations. In the long term, the company also aims to sell CO2-neutral products to its customers. However, this also requires that FUCHS will in the future be supplied with CO2-neutral raw materials by its suppliers. Only in this way FUCHS, as a CO2-neutral lubricant company, can offer its customers CO2-neutral lubricants from CO2-neutral production.

In addition, FUCHS joined the "Alliance for Development and Climate" of the Federal Ministry for Economic Cooperation and Development (BMZ) last month as an official supporter. The members of this alliance, which combines climate protection and sustainable development, strive for climate neutrality by avoiding, reducing and offsetting CO2 emissions at the same time.

Mannheim, October 18, 2019

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 material is available online:
FUCHS to be globally CO2-neutral from 2020 / FAQs:
www.fuchs.com/group/technology-sustainability/sustainability/co2-neutrality-strategy/

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


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 around 5,500 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, 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 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.



18.10.2019 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



show this

]]>
Press Release
news-2426 Fri, 13 Sep 2019 11:18:47 +0200 FUCHS becomes official lubricants partner of the DMG MORI Qualified Products Program (DMQP) (news with additional features) https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/2426-fuchs-becomes-official-lubricants-partner-of-the-dmg-mori-qualified-products-program-dmqp-n/ DGAP-News: FUCHS PETROLUB SE / Key word(s): Miscellaneous 13.09.2019 / 11:18 The issuer is solely responsible

FUCHS becomes official lubricants partner of the DMG MORI Qualified Products Program (DMQP) (news with additional features)

DGAP-News: FUCHS PETROLUB SE / Key word(s): Miscellaneous

13.09.2019 / 11:18
The issuer is solely responsible for the content of this announcement.


FUCHS becomes official lubricants partner of the DMG MORI Qualified Products Program (DMQP)

FUCHS and DMG MORI AKTIENGESELLSCHAFT are intensifying the technology partnership they entered into in 2017 through the DMG MORI Qualified Products Program (DMQP). DMG MORI is offering its customers perfectly tailored machine peripheries and innovative technology accessories from a single source with the DMQP Program. From now on, lubricant company FUCHS will also be recognized as the certified DMQP partner at DMG MORI and will supply cooling lubricants and lubricants that have been exclusively tailored to machines and processes.

Thomas Wilke, Head of Industrial Sales at FUCHS SCHMIERSTOFFE, and Christoph Grosch, Executive Director at DMG MORI and Head of the DMQP program, are sealing the partnership in the run-up to EMO 2019.

"As a certified DMQP partner, we are glad to use our innovative and technologically sophisticated lubricants to help customers and users to achieve maximum machine performance and productivity gains," says Stefan Fuchs, Chairman of the Executive Board of FUCHS PETROLUB SE.

Thomas Wilke adds: "Lubricants for the metalworking industry and designed for use in machine tools must be efficient, economical, robust and free of ingredients that are harmful to the environment and health. All relevant processes and associated lubricants must also be coordinated for sustainability reasons, as excellently demonstrated by our new ECOCOOL TNA-IDM. As lubricants partner in the DMQP program, this is something that we are able to ensure."

At EMO 2019, the world's premier trade fair for the metalworking industry, visitors can see live demonstrations of how FUCHS cooling lubricants are used in selected DMG MORI machines in Hall 2 or find out about the latest lubricant technologies directly at the FUCHS stand in Hall 6, J23.

The DMQP program generates synergies out of machines, peripheries and accessories with the very highest quality standards. It combines innovation and technology expertise from selected DMQP partners, who have been exclusively awarded the premium seal of quality for their products. The global DMQP seal of quality makes available and specifically recommends more than 2,400 periphery and accessory products for integrated manufacturing solutions worldwide. The product categories include "shaping," "handling," "measuring" and "monitoring" as well as periphery and accessory components for additive manufacturing.

Mannheim, September 13, 2019

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 material 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 around 5,500 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, 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 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: http://newsfeed2.eqs.com/fuchs/873289.html
Subtitle: Thomas Wilke, Verkaufsleiter Industrie bei FUCHS SCHMIERSTOFFE, und Christoph Grosch, Executive Director bei DMG MORI und zuständig für das DMQP-Programm, besiegeln die Partnerschaft.


13.09.2019 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



show this

]]>
Press Release
news-2424 Tue, 03 Sep 2019 14:31:57 +0200 FUCHS opens new plant in Izmir, Turkey (news with additional features) https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/2424-fuchs-opens-new-plant-in-izmir-turkey-news-with-additional-features/ DGAP-News: FUCHS PETROLUB SE / Key word(s): Miscellaneous 03.09.2019 / 14:31 The issuer is solely responsible

FUCHS opens new plant in Izmir, Turkey (news with additional features)

DGAP-News: FUCHS PETROLUB SE / Key word(s): Miscellaneous

03.09.2019 / 14:31
The issuer is solely responsible for the content of this announcement.


FUCHS opens new plant in Izmir, Turkey

OPET FUCHS, the joint venture of FUCHS PETROLUB and OPET Petrolcülük, has started operation at its new greenfield plant in Aliaga, Izmir, Turkey. Realized with an investment of EUR 24 million and having a production capacity of 60,000 tons of lubricant in one shift per year, the plant will be operating as one of Turkey's most modern lubricant facilities.

"This new plant with its most advanced process technologies and modern automation systems is adapted to customer and production needs in Turkey and is part of our global growth initiative investing in existing and new plants focused on capacity increase in line with advanced technology," emphasizes Stefan Fuchs, Chairman of the Executive Board of FUCHS PETROLUB SE, at the internal opening ceremony on September 3, 2019.

Murat Seyhan, Managing Director of OPET FUCHS adds, "we are working hard to give the best service quality to our customers operating in all sectors with our innovative approach, high quality, wide product range and specialized staff. In this respect, we are very happy to realize our new plant investment in Izmir, Aliaga."

OPET FUCHS' new plant was established on a total area of 55,000 m² to manufacture a wide range of products including engine oils, industrial oils and special products. The traceability, repeatability and sustainability of the high-quality products offered by OPET FUCHS to customers have been increased by the new plant. The research and development laboratory is equipped with the latest technology and has the capacity to apply more than 100 test methods with more than 45 new technology testing devices. Product prototypes and verifications are carried out in the laboratory where new product designs and developments are realized in line with customer requests.

Mannheim, September 3, 2019

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: 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 more than 5,000 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: http://newsfeed2.eqs.com/fuchs/867801.html
Subtitle: Schmierstoffwerk OPET FUCHS


03.09.2019 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



show this

]]>
Press Release
news-2422 Fri, 02 Aug 2019 14:12:30 +0200 DGAP-DD: FUCHS PETROLUB SE english https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/2422-dgap-dd-fuchs-petrolub-se-english/ Notification and public disclosure of transactions by persons discharging managerial responsibilities

DGAP-DD: FUCHS PETROLUB SE english


Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

02.08.2019 / 14:11
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)
32.45 EUR 2206.60 EUR
32.35 EUR 8766.85 EUR
32.30 EUR 3230.00 EUR
32.50 EUR 3607.50 EUR

d) Aggregated information
Price Aggregated volume
32.3835454 EUR 17810.95 EUR

e) Date of the transaction
2019-08-02; UTC+2

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



02.08.2019 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



show this

]]>
Directors Dealing
news-2420 Fri, 02 Aug 2019 14:06:46 +0200 DGAP-DD: FUCHS PETROLUB SE english https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/2420-dgap-dd-fuchs-petrolub-se-english/ Notification and public disclosure of transactions by persons discharging managerial responsibilities

DGAP-DD: FUCHS PETROLUB SE english


Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

02.08.2019 / 14:06
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)
32.35 EUR 8087.50 EUR
32.40 EUR 9720.00 EUR

d) Aggregated information
Price Aggregated volume
32.3772727 EUR 17807.50 EUR

e) Date of the transaction
2019-08-02; UTC+2

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



02.08.2019 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



show this

]]>
Directors Dealing
news-2418 Thu, 01 Aug 2019 07:00:12 +0200 FUCHS posts slight decrease in sales revenues of 1% and decline in earnings of 19% in the first half of the year - investment initiative will be continued https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/2418-fuchs-posts-slight-decrease-in-sales-revenues-of-1-and-decline-in-earnings-of-19-in-the-first/ DGAP-News: FUCHS PETROLUB SE / Key word(s): Half Year Results01.08.2019 / 07:00 The issuer is solely

FUCHS posts slight decrease in sales revenues of 1% and decline in earnings of 19% in the first half of the year - investment initiative will be continued

DGAP-News: FUCHS PETROLUB SE / Key word(s): Half Year Results

01.08.2019 / 07:00
The issuer is solely responsible for the content of this announcement.


FUCHS posts slight decrease in sales revenues of 1% and decline in earnings of 19% in the first half of the year - investment initiative will be continued

"The first half of 2019 was disappointing for FUCHS. After a weak first quarter in Europe and Asia, the decline in sales revenues in the second quarter has now also impacted North and South America, and thus all our key markets. The lower sales revenues combined with the planned cost increase led to an EBIT of 19% below the previous year, which was far below our expectations. Nevertheless, we still achieved a respectable EBIT margin of 12.1% thanks to our extremely solid economic base.

We do not expect the global general economic situation to improve over the remainder of the year. In particular, we no longer anticipate an upturn in the automotive sector, which is important for us. In this context, we are revising our forecast for the current year downward significantly.

FUCHS is reacting carefully to the changed situation and has already taken measures to reduce costs. Wherever possible, we will continue to reduce our expenses with a sense of proportion and for the time being will not further increase our workforce as planned. Despite all these adversities, we continue working on the basis for future growth with determination: the modernization and expansion of our plants will continue as well as our FUCHS 2025 initiative, which engages with the topics culture, strategy and structure," states Stefan Fuchs, Chairman of the Executive Board of FUCHS PETROLUB SE.

- Sales revenues down by 1% at EUR 1,296 million

- Earnings (EBIT) down 19% at EUR 157 million

- Outlook for 2019 adjusted:

- Sales revenues: between -3% and +0% (previously between +2% and +4%)

- EBIT: between -30% and -20% (previously between -8% and -5%)

FUCHS at a glance

EUR million H1 2019 H1 2018 (1) Change %
Sales revenues (2) 1,296 1,311 -1
Europe, Middle East, Africa (EMEA) 799 829 -4
Asia-Pacific 355 369 -4
North and South America 212 199 7
Consolidation -70 -86 -
Earnings before interest and tax (EBIT) 157 193 -19
Earnings after tax 112 140 -20
Capital expenditure 76 41 85
Free cash flow before acquisitions 16 85 -81
Earnings per share in EUR      
Ordinary share 0.80 1.00 -20
Preference share 0.81 1.01 -20
Employees as at June 30 5,573 5,287 5
 

(1) Prior-year figures adjusted.
(2) By company location.

Sales revenues and earnings
In the first half of 2019, FUCHS PETROLUB recorded a slight decline
(-1%) in sales revenues to EUR 1,296 million (1,311). In addition to the weak development due to the lack of an upturn in the automotive markets, which is still influencing the EMEA and Asia-Pacific regions, the North and South America region was also impacted by decreasing sales revenues in the second quarter.

The income statement for the first six months was dominated by the decline in sales revenues and the planned increase in costs in connection with the growth program. EBIT was down 19% year-on-year at EUR 157 million (193). Earnings after tax declined by 20% to EUR 112 million (140). Earnings per ordinary share thus decreased year-on-year from EUR 1.00 to EUR 0.80, while earnings per preference share fell from EUR 1.01 to EUR 0.81.

At EUR 16 million (85), free cash flow before acquisitions was significantly lower than in the previous year. Reasons for this are among others the reduced earnings and the increased investments in non-current assets of EUR 76 million (41).

Sales revenues and earnings by region
At EUR 799 million (829), sales revenues in the EMEA region were down 4% year-on-year. This was largely attributable to the weakness of the German automotive market and to the declining automotive demand in China, which also led to a downturn of the Chinese business generated out of Germany. The Asia-Pacific region recorded a decline in sales revenues of 4% to EUR 355 million (369). Despite falling sales revenues in the second quarter, North and South America increased its sales revenues in the first half of the year. The region achieved organic growth of 3%. Due to the strong US dollar, the region posted currency effects of +4%. Its sales revenues therefore rose by 7% to EUR 212 million (199).

In all three global regions, EBIT was negatively impacted by the decline in sales revenues and the planned cost increase as a result of the growth program. In EMEA, there was a 21% drop in EBIT to EUR 80 million (101). The Asia-Pacific region's EBIT decreased by 21% to EUR 44 million (56). EBIT in the North and South America region was down by only EUR 1 million year-on-year at EUR 29 million (30).

Outlook
Due to the currently difficult global economic environment and the gloomier prospects for the second half of the year, the outlook for the full year 2019 has been adjusted. FUCHS now anticipates a slight decrease in sales revenues of between -3% and 0% (previously: between +2% and +4%). With regard to EBIT (based on 2018 EBIT including one-off income), the Group expects a decline of between -30% and -20% (previously: between -8% and -5%). Despite more difficult general conditions, the investment program for future growth and efficiency increases of around EUR 180 million will be continued.

Mannheim, August 1, 2019

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
www.presseportal.de/pm/110448/4215560

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 more than 5,000 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, 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 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.



01.08.2019 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



show this

]]>
Press Release
news-2416 Fri, 05 Jul 2019 18:41:12 +0200 FUCHS PETROLUB with decline in sales and earnings in the first half of 2019 - Recovery in the second half of 2019 not visible https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/2416-fuchs-petrolub-with-decline-in-sales-and-earnings-in-the-first-half-of-2019-recovery-in-the-s/ FUCHS PETROLUB with decline in sales and earnings in the first half of 2019 - Recovery in the second

FUCHS PETROLUB with decline in sales and earnings in the first half of 2019 - Recovery in the second half of 2019 not visible

FUCHS PETROLUB SE / Key word(s): Half Year Results/Forecast
FUCHS PETROLUB with decline in sales and earnings in the first half of 2019 - Recovery in the second half of 2019 not visible

05-Jul-2019 / 18:41 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 with decline in sales and earnings in the first half of 2019 - Recovery in the second half of 2019 not visible

Based on preliminary figures, the FUCHS Group anticipates a decline in sales of -1% to EUR 1.3 billion in the first six month of 2019 and earnings before interest and tax (EBIT) close to 20% below the previous year. The reason for this is the continued global market weakness, particularly in June.

In the forecast for the full year 2019, FUCHS has so far anticipated a recovery in the global economy in the second half of the year and a growth of the automotive industry of 1%. From today's point of view, the expected recovery of the global economy, especially of the automotive industry, is not foreseeable in the second half of the year. This meanwhile affects all markets that are important to us.
For this reason, the Group will not be able to achieve its forecast of sales growth of between +2% and +4% and an EBIT decline of between -8% and -5% for the full year 2019.
An updated outlook for the full year will be published as part of the Half-Year Financial Report 2019 on August 1.

Mannheim, July 5, 2019

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

FUCHS PETROLUB SE
Public Relations
Tina Vogel
Tel. +49 621 3802-1104
tina.vogel@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.

 


05-Jul-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



 

show this

]]>
Ad hoc Release
news-2414 Wed, 08 May 2019 14:09:58 +0200 DGAP-DD: FUCHS PETROLUB SE english https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/2414-dgap-dd-fuchs-petrolub-se-english/ Notification and public disclosure of transactions by persons discharging managerial responsibilities

DGAP-DD: FUCHS PETROLUB SE english


Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

08.05.2019 / 14:09
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: Lars-Eric
Last name(s): Reinert

2. Reason for the notification

a) Position / status
Position: Member of the administrative or supervisory 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
Lars-Eric Reinert instructed a bank to buy preference shares of FUCHS PETROLUB SE for an amount of up to EUR 14,800.00 in a market sensitive manner. The acquisition shall be conducted likely until 22 May 2019 and follows the obligation of the members to the supervisory board to invest parts of their variable cash compensation in FUCHS PETROLUB SE preference shares with a holding period of several years.

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
2019-05-08; UTC+2

f) Place of the transaction
Outside a trading venue



08.05.2019 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



show this

]]>
Directors Dealing
news-2412 Wed, 08 May 2019 14:04:30 +0200 DGAP-DD: FUCHS PETROLUB SE english https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/2412-dgap-dd-fuchs-petrolub-se-english/ Notification and public disclosure of transactions by persons discharging managerial responsibilities

DGAP-DD: FUCHS PETROLUB SE english


Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

08.05.2019 / 14:03
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: Ingeborg
Last name(s): Neumann

2. Reason for the notification

a) Position / status
Position: Member of the administrative or supervisory 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
Ingeborg Neumann instructed a bank to buy preference shares of FUCHS PETROLUB SE for an amount of up to EUR 14,800.00 in a market sensitive manner. The acquisition shall be conducted likely until 22 May 2019 and follows the obligation of the members to the supervisory board to invest parts of their variable cash compensation in FUCHS PETROLUB SE preference shares with a holding period of several years.

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
2019-05-08; UTC+2

f) Place of the transaction
Outside a trading venue



08.05.2019 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



show this

]]>
Directors Dealing
news-2410 Wed, 08 May 2019 13:59:29 +0200 DGAP-DD: FUCHS PETROLUB SE english https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/2410-dgap-dd-fuchs-petrolub-se-english/ Notification and public disclosure of transactions by persons discharging managerial responsibilities

DGAP-DD: FUCHS PETROLUB SE english


Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

08.05.2019 / 13:58
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: Susanne
Last name(s): Fuchs

2. Reason for the notification

a) Position / status
Position: Member of the administrative or supervisory 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. Susanne Fuchs instructed a bank to buy preference shares of FUCHS PETROLUB SE for an amount of up to EUR 14,800.00 in a market sensitive manner. The acquisition shall be conducted likely until 22 May 2019 and follows the obligation of the members to the supervisory board to invest parts of their variable cash compensation in FUCHS PETROLUB SE preference shares with a holding period of several years.

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
2019-05-08; UTC+2

f) Place of the transaction
Outside a trading venue



08.05.2019 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



show this

]]>
Directors Dealing
news-2408 Wed, 08 May 2019 13:52:37 +0200 DGAP-DD: FUCHS PETROLUB SE english https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/2408-dgap-dd-fuchs-petrolub-se-english/ Notification and public disclosure of transactions by persons discharging managerial responsibilities

DGAP-DD: FUCHS PETROLUB SE english


Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

08.05.2019 / 13:52
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: Erhard
Last name(s): Schipporeit

2. Reason for the notification

a) Position / status
Position: Member of the administrative or supervisory 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. Erhard Schipporeit instructed a bank to buy preference shares of FUCHS PETROLUB SE for an amount of up to EUR 22,175.00 in a market sensitive manner. The acquisition shall be conducted likely until 22 May 2019 and follows the obligation of the members to the supervisory board to invest parts of their variable cash compensation in FUCHS PETROLUB SE preference shares with a holding period of several years.

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
2019-05-08; UTC+2

f) Place of the transaction
Outside a trading venue



08.05.2019 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



show this

]]>
Directors Dealing
news-2406 Fri, 03 May 2019 07:00:02 +0200 FUCHS generates sales revenues on the level of the previous year in the first quarter - growth initiative results in costs increasing as planned https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/2406-fuchs-generates-sales-revenues-on-the-level-of-the-previous-year-in-the-first-quarter-growth/ DGAP-News: FUCHS PETROLUB SE / Key word(s): Quarterly / Interim Statement03.05.2019 / 07:00 The issuer

FUCHS generates sales revenues on the level of the previous year in the first quarter - growth initiative results in costs increasing as planned

DGAP-News: FUCHS PETROLUB SE / Key word(s): Quarterly / Interim Statement

03.05.2019 / 07:00
The issuer is solely responsible for the content of this announcement.


FUCHS generates sales revenues on the level of the previous year in the first quarter - growth initiative results in costs increasing as planned

"In a difficult economic environment, FUCHS made an expectedly weak start to 2019. Compared to the very strong first quarter of 2018, sales revenues in the first three months of this year were at the previous year's level. We once again benefited from our global presence: Declines in sales revenues on the German and Chinese markets, which are suffering from a weak automotive demand, were compensated for by the continued growth in sales revenues in North and South America.

Costs increased as expected given our growth initiative, resulting in EBIT of EUR 77 million (92), a decrease of 16% year-on-year.

With confidence and foresight, we remain committed to our investments in future growth and efficiency increases", states Stefan Fuchs, Chairman of the Executive Board of FUCHS PETROLUB SE.
 

- Sales revenues on previous year's level at EUR 643 million

- Growth initiative results in costs increasing as planned

- Earnings (EBIT) decrease by 16% to EUR 77 million

- Outlook for 2019 as a whole unchanged

FUCHS at a glance

in EUR million Q1 2019 Q1 2018 (1) Change %
Sales revenues (2) 643 643 0
Europe, Middle East, Africa (EMEA) 400 415 -4
Asia-Pacific 171 178 -4
North and South America 106 95 12
Consolidation -34 -45 -
Earnings before interest and tax (EBIT) 77 92 -16
Earnings after tax 55 67 -18
Capital expenditure 34 18 89
Free cash flow before acquisitions 13 21 -38
Earnings per share in EUR      
Ordinary share 0.39 0.48 -19
Preference share 0.39 0.48 -19
Employees as at March 31 5,456 5,235 4
 

(1) Prior-year figures adjusted.
(2) By company location.

Sales revenues and earnings
In the first quarter of 2019, FUCHS PETROLUB kept its sales revenues stable at the previous year's level at EUR 643 million (643) despite a difficult economic environment. The growth in the North and South America region continued and compensated for declines in sales revenues due to a weak automotive demand in China and Germany.

The income statement for the first three months is influenced by the planned increase in costs related to the growth initiative. EBIT is therefore down 16% year-on-year at EUR 77 million (92). Earnings after tax fell by 18% to EUR 55 million (67). Earnings per ordinary and preference share were down nearly 19% year-on-year at EUR 0.39 (0.48) in both cases.

At EUR 13 million (21), free cash flow before acquisitions was lower than in the previous year as expected. This is due to the considerable increased investments in fixed assets of EUR 34 million (18).

Sales revenues and earnings in the regions
At EUR 400 million (415), the sales revenues of the Europe, Middle East, Africa (EMEA) region are down 4% year-on-year. The main reasons for this are the weakness of the automotive market in Germany and the declining automotive demand in China, which is weakening the intercompany business in Germany. At EUR 171 million (178), sales in the Asia-Pacific region declined by 4%. The North and South America region continues its positive growth. The region achieved organic growth of 8%. Due to the strength of the US dollar, the region saw currency effects of +4%. In total, the region's sales revenues therefore increased by 12% to EUR 106 million (95).

In addition to the planned increase in costs as a result of the growth initiative, EBIT in the EMEA and Asia-Pacific regions declined due to the weaker demand from the automotive industry. In Europe, Middle East, Africa, EBIT fell by 24% to EUR 38 million (50). The Asia-Pacific region's EBIT declined by 25% to EUR 21 million (28). In contrast, EBIT in the North and South America region increased by 8% to EUR 14 million (13).

Outlook
The outlook for the full year 2019 is being confirmed. FUCHS PETROLUB anticipates growth in sales revenues of between 2% and 4%. The Group expects a decrease in EBIT of between -8% and -5% (based on EBIT 2018 including one-off income). Despite more difficult conditions, the investment initiative for future growth and efficiency increases in the order of EUR 180 million will be continued.

Mannheim, May 3, 2019

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
www.presseportal.de/pm/110448/4215560

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 more than 5,000 people worldwide at 58 operating companies. FUCHS is the world's largest independent lubricant manufacturer. The 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.



03.05.2019 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



show this

]]>
Press Release
news-2404 Thu, 25 Apr 2019 09:56:02 +0200 FUCHS opens new plant in Wujiang/Suzhou, China (news with additional features) https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/2404-fuchs-opens-new-plant-in-wujiangsuzhou-china-news-with-additional-features/ DGAP-News: FUCHS PETROLUB SE / Key word(s): Miscellaneous25.04.2019 / 09:56 The issuer is solely responsible

FUCHS opens new plant in Wujiang/Suzhou, China (news with additional features)

DGAP-News: FUCHS PETROLUB SE / Key word(s): Miscellaneous

25.04.2019 / 09:56
The issuer is solely responsible for the content of this announcement.


FUCHS opens new plant in Wujiang/Suzhou, China

FUCHS PETROLUB SE, the world's largest independent manufacturer of high-quality lubricants and related products, is opening one of its most modern plants in Wujiang district of Suzhou, China. The state-of-the-art facility, which began construction in 2017 with an investment of EUR 46 million, will replace the old plant in Shanghai.

The new 80,000 m² plant has a capacity of 100,000 tons in phase 1, almost double the capacity of the Shanghai plant. The automated high-bay warehouse has a capacity of 12,000 pallets. The fully-automated new plant features the most advanced smart production program and warehousing technology. The production portfolio includes automotive oils, industrial oils, metalworking fluids, corrosion preventatives, rolling oils, coating materials and products for the forging industry.

"During the past 30 years FUCHS has written a true success story in China. China has become one of our most important markets. The new Wujiang plant is another important milestone for the future of FUCHS in China," emphasizes Stefan Fuchs, Chairman of the Executive Board of FUCHS PETROLUB SE. "It is also an essential part of our global growth initiative in which we invest in the replacement, expansion and efficiency of our worldwide infrastructure, which enables FUCHS to grow and become more agile and efficient."

Zhu Qingping, CEO of FUCHS China, comments, "Our customers are international companies and Chinese corporations which are increasingly seeking high-quality products and demanding better responsiveness and product management. With our new improved manufacturing infrastructure, we have a competitive advantage, and will better satisfy our customers in the promising Chinese lubricants market."

The new plant meets the highest quality and conforms to FUCHS' latest standards worldwide. Expansion in phase 2 is in the development plan. At the same time, FUCHS is also significantly expanding its offices and laboratories at the site in Shanghai.

Mannheim, April 25, 2019

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: 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 more than 5,000 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: http://newsfeed2.eqs.com/fuchs/803281.html
Subtitle: Das neue FUCHS-Werk in Wujiang/Suzhou, China


25.04.2019 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



show this

]]>
Press Release
news-2402 Mon, 08 Apr 2019 10:15:07 +0200 The FUCHS Group at bauma 2019: A global partner for holistic lubricant solutions (news with additional features) https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/2402-the-fuchs-group-at-bauma-2019-a-global-partner-for-holistic-lubricant-solutions-news-with-ad/ DGAP-News: FUCHS PETROLUB SE / Key word(s): Miscellaneous08.04.2019 / 10:15 The issuer is solely responsible

The FUCHS Group at bauma 2019: A global partner for holistic lubricant solutions (news with additional features)

DGAP-News: FUCHS PETROLUB SE / Key word(s): Miscellaneous

08.04.2019 / 10:15
The issuer is solely responsible for the content of this announcement.


The FUCHS Group at bauma 2019: A global partner for holistic
lubricant solutions

 

The FUCHS Group exhibits at bauma, the world's leading trade show for construction machinery, building material and mining machines, construction vehicles and equipment, in Munich from April 8 to 14, 2019. The FUCHS Group showcases its latest innovations as well as the comprehensive product and service portfolio for all construction and mining applications - out of a single hand worldwide. FUCHS is located in hall A5, booth 149.
 

"bauma is a great occasion for our global OEM, construction and mining customers to get profound and interesting insights on how FUCHS can create value for their businesses with FUCHS' lubricants, technology and people around the globe," emphasizes Stefan Fuchs, Chairman of the Executive Board of FUCHS PETROLUB.
 

The highlight of the booth at bauma is an impressive multimedia experience that brings the achievements of the entire FUCHS Group to life. It charts FUCHS' history of setting industry milestones, 3-Continent Strategy and comprehensive product portfolio. The customers get valuable insights on how FUCHS provides a holistic business approach that addresses the specific needs of the customer whether that means providing maximized uptime and performance, optimizing supply chain, offering data analysis and management or reducing costs.
 

For updates on our presence at this year's bauma, visit our landing page at www.fuchs.com/group/bauma.
 

Mannheim, April 8, 2019


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

www.fuchs.com/group
 

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 more than 5,000 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.


About bauma
bauma is the world's leading sector event for construction machinery, building material machines, mining machines, construction vehicles and construction equipment. With a total exhibition space of 605,000 square meters, bauma is also the largest trade show in the world. In 2016 bauma broke again all previous records, attracting a total of 3,425 exhibitors from 58 countries, and 583,736 visitors from 219 countries. bauma takes place every three years in Munich; the dates for the next edition are April 8 to 14, 2019.


Additional features:

Picture: http://newsfeed2.eqs.com/fuchs/796855.html
Subtitle: FUCHS-Messestand bauma 2019.


08.04.2019 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



show this

]]>
Press Release
news-2400 Wed, 20 Mar 2019 10:26:53 +0100 DGAP-DD: FUCHS PETROLUB SE english https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/2400-dgap-dd-fuchs-petrolub-se-english/ Notification and public disclosure of transactions by persons discharging managerial responsibilities

DGAP-DD: FUCHS PETROLUB SE english


Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

20.03.2019 / 10:26
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 to buy preference shares of FUCHS PETROLUB SE for an amount of up to EUR 221,050.00 in a market sensitive manner. The acquisition shall be conducted likely until 3 April 2019 and follows the obligation of the members to the executive board to invest parts of their variable cash compensation in FUCHS PETROLUB SE preference shares with a holding period of several years.

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
2019-03-20; UTC+1

f) Place of the transaction
Outside a trading venue



20.03.2019 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



show this

]]>
Directors Dealing
news-2398 Wed, 20 Mar 2019 10:22:37 +0100 DGAP-DD: FUCHS PETROLUB SE english https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/2398-dgap-dd-fuchs-petrolub-se-english/ Notification and public disclosure of transactions by persons discharging managerial responsibilities

DGAP-DD: FUCHS PETROLUB SE english


Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

20.03.2019 / 10:21
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: 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 to buy preference shares of FUCHS PETROLUB SE for an amount of up to EUR 221,050.00 in a market sensitive manner. The acquisition shall be conducted likely until 3 April 2019 and follows the obligation of the members to the executive board to invest parts of their variable cash compensation in FUCHS PETROLUB SE preference shares with a holding period of several years.

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
2019-03-20; UTC+1

f) Place of the transaction
Outside a trading venue



20.03.2019 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



show this

]]>
Directors Dealing
news-2396 Wed, 20 Mar 2019 10:15:52 +0100 DGAP-DD: FUCHS PETROLUB SE english https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/2396-dgap-dd-fuchs-petrolub-se-english/ Notification and public disclosure of transactions by persons discharging managerial responsibilities

DGAP-DD: FUCHS PETROLUB SE english


Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

20.03.2019 / 10:15
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 to buy preference shares of FUCHS PETROLUB SE for an amount of up to EUR 221,050.00 in a market sensitive manner. The acquisition shall be conducted likely until 3 April 2019 and follows the obligation of the members to the executive board to invest parts of their variable cash compensation in FUCHS PETROLUB SE preference shares with a holding period of several years.

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
2019-03-20; UTC+1

f) Place of the transaction
Outside a trading venue



20.03.2019 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



show this

]]>
Directors Dealing
news-2394 Wed, 20 Mar 2019 10:10:46 +0100 DGAP-DD: FUCHS PETROLUB SE english https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/2394-dgap-dd-fuchs-petrolub-se-english/ Notification and public disclosure of transactions by persons discharging managerial responsibilities

DGAP-DD: FUCHS PETROLUB SE english


Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

20.03.2019 / 10:09
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 to buy preference shares of FUCHS PETROLUB SE for an amount of up to EUR 221,050.00 in a market sensitive manner. The acquisition shall be conducted likely until 3 April 2019 and follows the obligation of the members to the executive board to invest parts of their variable cash compensation in FUCHS PETROLUB SE preference shares with a holding period of several years.

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
2019-03-20; UTC+1

f) Place of the transaction
Outside a trading venue



20.03.2019 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



show this

]]>
Directors Dealing
news-2392 Wed, 20 Mar 2019 10:04:49 +0100 DGAP-DD: FUCHS PETROLUB SE english https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/2392-dgap-dd-fuchs-petrolub-se-english/ Notification and public disclosure of transactions by persons discharging managerial responsibilities

DGAP-DD: FUCHS PETROLUB SE english


Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

20.03.2019 / 10:03
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 to buy preference shares of FUCHS PETROLUB SE for an amount of up to EUR 442,050.00 in a market sensitive manner. The acquisition shall be conducted likely until 3 April 2019 and follows the obligation of the members to the executive board to invest parts of their variable cash compensation in FUCHS PETROLUB SE preference shares with a holding period of several years.

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
2019-03-20; UTC+1

f) Place of the transaction
Outside a trading venue



20.03.2019 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



show this

]]>
Directors Dealing
news-2390 Wed, 20 Mar 2019 07:00:17 +0100 FUCHS confirms preliminary figures for 2018 financial year: Sales revenues increase to EUR 2.6 billion, earnings before one-off effect at previous year's level https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/2390-fuchs-confirms-preliminary-figures-for-2018-financial-year-sales-revenues-increase-to-eur-26/ DGAP-News: FUCHS PETROLUB SE / Key word(s): Annual Results20.03.2019 / 07:00 The issuer is solely responsible

FUCHS confirms preliminary figures for 2018 financial year: Sales revenues increase to EUR 2.6 billion, earnings before one-off effect at previous year's level

DGAP-News: FUCHS PETROLUB SE / Key word(s): Annual Results

20.03.2019 / 07:00
The issuer is solely responsible for the content of this announcement.


FUCHS confirms preliminary figures for 2018 financial year: Sales revenues increase to EUR 2.6 billion, earnings before one-off effect at previous year's level

- Sales revenues: +4% to EUR 2.6 billion

- Earnings (EBIT): +3% to EUR 383 million

- Dividend proposal: +4% to EUR 0.95 per preference share

 

FUCHS at a glance

EUR million 2018 2017 Change Change %
Sales revenues (1) 2,567 2,473 94 4
Europe 1,546 1,515 31 2
Asia-Pacific, Africa 783 733 50 7
North and South America 409 393 16 4
Consolidation -171 -168 -3 -
EBIT before one-off effect 371 373 -2 -1
EBIT 383 373 10 3
Earnings after tax 288 269 19 7
Investments 121 105 16 15
Free cash flow before acquisitions 147 142 5 4
Acquisitions (2) +12 -2 +14 -
Free cash flow 159 140 19 14
Earnings per share in EUR        
Ordinary share 2.06 1.93 0.13 7
Preference share 2.07 1.94 0.13 7
Employees as of December 31 5,446 5,190 256 5
 

(1) By company location

(2) Including divestments

 


Group sales revenues for FUCHS PETROLUB SE increased again in the 2018 financial year, reaching a new record level of EUR 2.6 billion. EBIT amounted to EUR 383 million (373) and includes a one-off effect of EUR 12 million from the sale of an at equity share. The planned increase of the expense level and higher raw material costs caused earnings growth to be underproportionate relative to sales revenues growth.

Investments
In the reporting year, FUCHS continued the investment initiative, which was initiated in the year 2016. Accounting for one third of capital expenditures, Germany was the focus of expansion and modernization measures. Overall, investments climbed as planned to EUR 121 million (105). Of this amount, EUR 26 million was attributable to the Mannheim site alone. Two plots of land were purchased for the construction of another fully automated AS/RS warehouse and additional office space. The site for specialty lubricants in Kaiserslautern was extended by additional storage and office space, and a coating plant was also integrated at the site.
FUCHS continued construction work on its new plant in Sweden, began the construction of a raw materials warehouse in the UK and completed a larger production capex project in Poland.
Investments in Asia-Pacific, Africa focused primarily on China, where construction work on the new plant in Wujiang was continued. The new plant in Beresfield in Australia and the grease plant at the Johannesburg site in South Africa started operation.
In North and South America projects related in particular to the plants in the US, where extensive modernization and expansion investments were made. In Harvey in the US, FUCHS continued its work on a new plant for the production of first fill automotive lubricants and its modernization efforts on a plant for metalworking fluids. In addition, the Huntington and Kansas City locations were modernized. Storage capacities were expanded in Canada.

Outlook
In 2019, FUCHS expects to achieve further, albeit lower, sales revenues growth of between 2% and 4% and to see earnings decrease by -8% to -5% (EBIT comparable (before one-off income in 2018): -5% to -2%). The reasons for the weaker EBIT include non-recurring proceeds from the sale of an at equity share in 2018, the weakened economic climate particularly in China and growth-related cost increases. The growth initiative including investments in production facilities and IT infrastructure, increased research and development expenditure, and the recruitment of more employees is resulting in a higher cost base. Given the profitability and financial strength of the company, the growth strategy will continue as planned until 2020, despite the weaker economic conditions. In this way, FUCHS aims to meet the increasingly complex future requirements at an early stage. The capital employed will increase further. The net operating working capital required for the increasing business volume will continue to grow. FUCHS is also planning investments of EUR 180 million. In particular these investments will target Germany, China, the US, Sweden, Russia and the UK. FUCHS therefore expects free cash flow before acquisitions of around EUR 100 million in 2019.


Mannheim, March 20, 2019

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
www.presseportal.de/pm/110448/4215560

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 more than 5,000 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, 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 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.



20.03.2019 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



show this

]]>
Press Release
news-2388 Mon, 11 Mar 2019 15:14:12 +0100 FUCHS opens plant extension in Kaiserslautern https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/2388-fuchs-opens-plant-extension-in-kaiserslautern/ DGAP-News: FUCHS PETROLUB SE / Key word(s): Miscellaneous11.03.2019 / 15:14 The issuer is solely responsible

FUCHS opens plant extension in Kaiserslautern

DGAP-News: FUCHS PETROLUB SE / Key word(s): Miscellaneous

11.03.2019 / 15:14
The issuer is solely responsible for the content of this announcement.


FUCHS opens plant extension in Kaiserslautern


FUCHS PETROLUB SE, the world's largest independent manufacturer of lubricants and related products, has expanded its site in Kaiserslautern and officially opened it on March 11. A new AS/RS warehouse, two production halls and new office space for a total of EUR 16 million have been built on the premises of FUCHS LUBRITECH GMBH. The location, which mainly produces lubricants for special applications, now covers a total of 96,000 m².

"The growth of the special application division and the concentration of diverse activities at this location made an expansion necessary. The extension is part of our global growth initiative, which is focused on capacity increase in line with advanced technology," emphasizes Stefan Fuchs, Chairman of the Board of FUCHS PETROLUB.

With 10,000 pallet spaces, the new fully automatic AS/RS warehouse doubles existing capacities and is technically state-of-the-art. "One highlight is the energy-saving oxygen reduction, whereby we use a modern fire protection concept in such a way that we can store numerous materials such as cardboard boxes and chemicals together, which would otherwise not be possible," explains Markus Heck, Managing Director of FUCHS LUBRITECH, responsible for Production and Supply Chain. Two new production halls with a floor space of 1,000 and 1,300 m2 make it possible to significantly expand production capacities.

In addition to expanding the warehouse and production capacities, the research and development laboratories have been expanded and 70 new and state-of-the-art office workplaces have been created. "We want to offer our current and future employees an attractive environment and enable interactive collaboration," says Bernhard Biehl, Chairman of the Management Board of FUCHS LUBRITECH. Around 300 people are employed at the Kaiserslautern site.


Mannheim, March 11, 2019

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

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 more than 5,000 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.



11.03.2019 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



show this

]]>
Press Release
news-2386 Wed, 06 Mar 2019 17:00:02 +0100 FUCHS announces acquisition of NULON Products Australia Pty Ltd https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/2386-fuchs-announces-acquisition-of-nulon-products-australia-pty-ltd/ DGAP-News: FUCHS PETROLUB SE / Key word(s): Acquisition06.03.2019 / 17:00 The issuer is solely responsible

FUCHS announces acquisition of NULON Products Australia Pty Ltd

DGAP-News: FUCHS PETROLUB SE / Key word(s): Acquisition

06.03.2019 / 17:00
The issuer is solely responsible for the content of this announcement.


FUCHS announces acquisition of NULON Products Australia Pty Ltd


The FUCHS Group, which operates globally in the lubricants industry, has signed an agreement to acquire NULON Products Australia Pty Ltd. Closing is expected at the beginning of the second quarter. The addition is part of FUCHS AUSTRALASIA's expansion into the automotive retail sector and compliments its existing Automotive, Mining, Industrial and OEM businesses. The NULON brand with sales revenues of around AUD 40 million (approx. EUR 25 million) and 65 employees will be retained, and the products will continue to be manufactured locally.

"We are delighted that NULON Products Australia is becoming part of FUCHS AUSTRALASIA," said Stefan Fuchs, Chairman of the Executive Board of FUCHS PETROLUB SE. "We see exciting opportunities ahead for both brands."

"This acquisition is a very strong fit for both FUCHS and NULON," commented Wayne Hoiles, Managing Director of FUCHS AUSTRALASIA. "It's two family-run businesses coming together. FUCHS' strong research and development capabilities will enhance the innovation platform that NULON is best known for. FUCHS is looking forward to welcoming the NULON team into the FUCHS family."


Mannheim, March 6, 2019

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

www.fuchs.com/group


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 more than 5,000 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.

About NULON
NULON Products Australia Pty Ltd is a manufacturer of lubricants, coolants and additives for the automotive market. It was founded in 1980 by Leon Simons and to this day has been run by Leon's sons, Greg and John. NULON now employs more than sixty people, and its products can be found on the shelves of many of the leading auto accessory retail outlets across Australia and New Zealand.

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.



 


06.03.2019 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



show this

]]>
Press Release
news-2384 Thu, 21 Feb 2019 07:00:08 +0100 FUCHS publishes preliminary figures for the 2018 financial year: Sales revenues increase to EUR 2.6 billion, EBIT up 3% on previous year https://www.fuchs.com/group/press/press-releases/company-business-finances/news-detail/view/2384-fuchs-publishes-preliminary-figures-for-the-2018-financial-year-sales-revenues-increase-to-eur/ DGAP-News: FUCHS PETROLUB SE / Key word(s): Preliminary Results21.02.2019 / 07:00 The issuer is solely

FUCHS publishes preliminary figures for the 2018 financial year: Sales revenues increase to EUR 2.6 billion, EBIT up 3% on previous year

DGAP-News: FUCHS PETROLUB SE / Key word(s): Preliminary Results

21.02.2019 / 07:00
The issuer is solely responsible for the content of this announcement.


FUCHS publishes preliminary figures for the 2018 financial year: Sales revenues increase to EUR 2.6 billion, EBIT up 3% on previous year

- Sales revenues: +4% to EUR 2.6 billion

- Earnings (EBIT) up 3% to EUR 383 million

- Dividend proposal: +4% to EUR 0.95 per preference share


FUCHS at a glance - preliminary figures

EUR million 2018 2017 Change Change %
Sales revenues (1) 2,567 2,473 94 4
Europe 1546 1515 31 2
Asia-Pacific, Africa 783 733 50 7
North and South America 409 393 16 4
Consolidation -171 -168 -3 -
EBIT before one-off effect 371 373 -2 -1
EBIT 383 373 10 3
Earnings after tax 288 269 19 7
Investments 121 105 16 15
Free cash flow before acquisitions 147 142 5 4
Acquisitions (2) +12 -2 +14 -
Free cash flow 159 140 19 14
Earnings per share in EUR        
Ordinary share 2.06 1.93 0.13 7
Preference share 2.07 1.94 0.13 7
Employees as at December 31 5,446 5,190 256 5
 

(1) By company location

(2) Including divestments

 

Sales revenues and earnings
FUCHS again achieved strong organic growth in the 2018 financial year (+7%). Group sales revenues increased to EUR 2.6 billion (2.5) and are thus 4% or EUR 94 million above last year's record revenues. Currency effects had a negative effect of -3% on growth in sales revenues.

Earnings before interest and tax (EBIT) increased to EUR 383 million (373) and includes a one-off effect of EUR 12 million from the sale of an at equity share. The earnings growth which was underproportionate relative to sales revenues growth is attributable to both the planned increase in cost base and higher raw material costs. Due to a lower tax burden, earnings after taxes increased overproportionately by 7% to EUR 288 million (269). Earnings per ordinary and preference share amounted to EUR 2.06 (1.93) and EUR 2.07 (1.94).

Sales revenues and earnings by region
FUCHS generated growth in all world regions. Almost all companies in Europe recorded growth, with regional sales revenues increasing by 2% to EUR 1,546 million (1,515). Over the course of the year, growth in Germany weakened. EBIT was also up on the previous year at EUR 192 million (175), especially due to the sale of an at equity share.

The Asia-Pacific, Africa region grew organically by 11%. Due to the reduced demand in the automotive sector, the very pleasing development in China weakened significantly in the second half of the year. Taking into account negative currency effects (-4%) on the translation into the Group currency euro, sales revenues in the region rose by 7% or EUR 50 million to EUR 783 million (733). At EUR 121 million (128), EBIT remained below the previous year, in particular due to a decline in at equity income and unfavorable currency effects.

In the reporting year, sales revenues in the North and South America region increased by 4% to EUR 409 million (393). Organic growth of 13% was partially offset by a negative currency effect of -9%. Due to unfavorable currency effects, at EUR 59 million (61) EBIT in the region was down on the previous year.

Cash flow
In 2018, investments continued to increase as planned to EUR 121 million (105) and reached a new record. Despite a significant increase in investments and a continuing high level of capital employed due to higher inventories, free cash flow before acquisitions was at the previous year's level at EUR 147 million (142).

Employees
The FUCHS Group had 5,446 (5,190) employees as of December 31, 2018. The total workforce increased by 256 or 5% year-on-year.
The number of employees in the Asia-Pacific, Africa region rose by 89, while the Europe region added 124 new employees. In North and South America, the number of employees increased by 43 as against December 31, 2017.

Dividend
Subject to a resolution of the Supervisory Board on March 19, 2019, the Executive Board of FUCHS PETROLUB SE intends to propose a dividend of EUR 0.95 per preference share and EUR 0.94 per ordinary share for the financial year 2018 to the Annual General Meeting to be held on May 7, 2019. This corresponds to an increase of 4%.

Outlook and complete figures
For 2019, FUCHS is expecting further growth in sales revenues and an EBIT below the comparable previous year's figure (371). The one-off income of 2018 cannot be repeated and the high investments in plants, IT, R&D and employees which will continue in 2019 will lead to higher costs increases rather than increases in earnings. The figures published are preliminary figures. The FUCHS Group will publish the final figures for the 2018 financial year and the complete outlook for 2019 on March 20, 2019.


Mannheim, February 21, 2019

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

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 more than 5,000 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.



21.02.2019 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



show this

]]>
Press Release