DGAP-News: FUCHS publishes preliminary figures for 2019 financial year: Sales revenues at previous year's level at EUR 2.6 billion, EBIT 16% below previous year
DGAP-News: FUCHS PETROLUB SE
/ Key word(s): Preliminary Results
FUCHS publishes preliminary figures for 2019 financial year: Sales revenues at previous year's level at EUR 2.6 billion, EBIT 16% below previous year - Sales revenues: +0% at EUR 2.6 billion - EBIT down -16% to EUR 321 million - Dividend proposal: +2% to EUR 0.97 per preference share FUCHS at a glance - preliminary figures
(1) By company location; previous year figures comparable (2) Including divestments Sales revenues and earnings Earnings before interest and taxes (EBIT) declined by 16% to EUR 321 million (383). On a comparable basis, excluding the one-off effect from the sale of the trading joint venture in Switzerland in 2018, EBIT was -14% or EUR 50 million below the previous year (EUR 371 million). The disproportionately high decline in earnings in relation to sales revenues in the 2019 reporting year is attributable both to the scheduled increase in the cost base as a result of the growth and investment program and to the decline in volume resulting from the weak economic environment. Goodwill amortization of EUR 6 million also had a negative impact on EBIT. Earnings after tax decreased by 21% to EUR 228 million (288), largely as a result of higher withholding taxes on dividends. Earnings per ordinary and preference share were EUR 1.63 (2.06) and EUR 1.64 (2.07) respectively. On an organic basis, the Asia-Pacific region declined by 1% due to the lower demand in the automotive sector. Taking into account positive currency effects (+1%) from translation into the Group currency, the euro, and the acquisition of a lubricant manufacturer in the automotive retail sector in Australia, sales revenues in the region rose by 2% or EUR 12 million to EUR 718 million (706). At EUR 93 million (102), EBIT was down on the previous year. The North and South America region increased its sales revenues by 2% to EUR 418 million (409) in the reporting year. The negative organic growth of -1% was offset by a positive currency effect of 3%. The region's EBIT of EUR 49 million (59) was down on the previous year. Employees The number of employees in the Asia-Pacific region rose by 37, while the EMEA region added 89 employees. In North and South America, the number of employees increased by 55 compared to December 31, 2018. Outlook and complete figures Mannheim, February 20, 2020 FUCHS PETROLUB SE The following information is available online: Important note
20.02.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | FUCHS PETROLUB SE |
Friesenheimer Str. 17 | |
68169 Mannheim | |
Germany | |
Phone: | +49 (0)621 / 3802-0 |
Fax: | +49 (0)621 / 3802-7190 |
E-mail: | [email protected] |
Internet: | www.fuchs.com/gruppe |
ISIN: | DE0005790430, DE0005790406 |
WKN: | 579043, 579040 |
Indices: | MDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Tradegate Exchange |
EQS News ID: | 979437 |
End of News | DGAP News Service |
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979437 20.02.2020
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