FUCHS PETROLUB SE

  • WKN: 579043
  • ISIN: DE0005790430
  • Land: Deutschland

Nachricht vom 11.01.2021 | 10:44

FUCHS successfully completed the difficult financial year 2020

FUCHS PETROLUB SE / Key word(s): Change in Forecast/Preliminary Results
FUCHS successfully completed the difficult financial year 2020

11-Jan-2021 / 10:44 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Ad hoc Release
FUCHS successfully completed the difficult financial year 2020

FUCHS Group achieved sales and earnings significantly above expectations in the fourth quarter 2020, in particular after a strong December. Thus, 2020 came in better than expected at the beginning of the fourth quarter.

The preliminary 2020 sales of the FUCHS Group amounted close to EUR 2.4 billion, 7% below the previous year's level. Operating business in the fourth quarter was significantly above expectations. For the financial year 2020, FUCHS therefore only expects a decline in earnings (EBIT) in the mid-single-digit percentage range (previously EBIT decline in the range of -15%).

The complete reporting for the 2020 financial year will be published as scheduled on March 9, 2021.

Mannheim, January 11, 2021

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

Important note

This ad hoc release contains statements about future developments that are based on assumptions and estimates by the management of FUCHS PETROLUB SE. Even if the management is of the opinion that these assumptions and estimates are accurate, actual future developments and results can differ significantly from these assumptions and estimates due to a variety of factors. These factors can, for example, include changes in the overall economic climate, changes in procurement prices, changes in exchange rates and interest rates, and changes within the lubricants industry. FUCHS PETROLUB SE provides no guarantee that future developments and the results actually achieved in the future will match the assumptions and estimates set out in this ad hoc release and assumes no liability for such.


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



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