Fuchs Petrolub AG / Preliminary Results
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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FUCHS PETROLUB achieves its sixth successive record earnings performance
and is proposing a substantial dividend increase
- Earnings increase by more than 20%
- Planned dividend increase by €0.50 to €1.50 per preference share
In the 2007 financial year, FUCHS PETROLUB AG, which operates globally in
the lubricants business, achieved its sixth successive record earnings
performance. Sales revenues increased by 3.2% to €1,365.3 million
(1,323.3). Earnings before interest and tax (EBIT) rose more than
proportionately by 21.1% to €195.2 million (161.2). In line with this,
profit after tax increased to €120.3 million (97.2). All figures are still
preliminary.
Strong cash flow in 2007 allowed FUCHS to buy back 3% of its own shares, to
pay an attractive dividend and to further strengthen the balance sheet
ratios.
The Executive Board of FUCHS PETROLUB AG therefore has decided - subject to
a corresponding decision of the Supervisory Board on 27 March 2008 - to
propose for the 2007 financial year a dividend of €1.50 per preference
share and €1.44 per ordinary share to the annual general meeting taking
place on 6 May 2008. For the preference share, this would be equivalent to
an increase of 50%.
The FUCHS PETROLUB Group believes that it is well positioned in the market
and looks positively to the future. Anticipating that economic trends in
Europe and Asia remain positive, FUCHS aims to further grow sales and EBIT
in 2008. With regard to EBIT the high growth rates seen in previous years
will not be perpetuated. The tax reform in Germany and the continued
buyback of shares should additionally benefit the earnings per share.
The complete annual financial statements for 2007 will be presented and
elaborated on during the annual press conference, on 28 March 2008.
Key figures for the Group
2007 1) 2006
Sales revenues €1,365.3 million €1,323.3 million
EBIT €195.2 million €161.2 million
Net profit after tax €120.3 million €97.2 million
Dividend
- per preference share €1.50 2) €1.00
- per ordinary share €1.44 2) €0.94
1) Preliminary figures
2) Proposal of the Executive Board
Mannheim, 22 February 2008
FUCHS PETROLUB AG
Public Relations
Friesenheimer Str. 17
68169 Mannheim
Phone: ++49 (0) 621 3802 – 105
The ad hoc message can also be found on the Internet at
http://www.fuchs-oil.com.
Important note
This ad hoc message contains statements about future development that are
based on assumptions and estimates by the management of FUCHS PETROLUB AG.
Even if the management is of the opinion that these assumptions and
estimates are accurate, future actual developments and future actual
results may differ significantly from these assumptions and estimates due
to a variety of factors. These factors can include changes to the overall
economic climate, changes to exchange rates and interest rates and changes
in the lubricants industry. FUCHS PETROLUB AG provides no guarantee that
future developments and the results actually achieved in the future will
agree with the assumptions and estimates set out in this ad hoc message and
assumes no liability for such.
22.02.2008 Financial News transmitted by DGAP
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Language: English
Issuer: Fuchs Petrolub AG
Friesenheimer Str. 17
68169 Mannheim
Deutschland
Phone: +49 (0)621 / 3802-0
Fax: +49 (0)621 / 3802-190
E-mail: contact-de.fpoc@fuchs-oil.de
Internet: www.fuchs-oil.de
ISIN: DE0005790406, DE0005790430
WKN: 579040, 579043
Listed: Regulierter Markt in Frankfurt (Prime Standard), Stuttgart;
Freiverkehr in Berlin, Düsseldorf, Hamburg, München
End of News DGAP News-Service
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