FUCHS PETROLUB SE — Earnings Release 2001

Nov 30, 2001

News Details

Ad-hoc | 30 November 2001 09:12

Fuchs Petrolub AG correction

Correction / FUCHS: operating profits maintained Ad-hoc-announcement processed and transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Corrected announcement on behalf of the issuer: In today’s ad hoc announcement, 7.50 a.m., the first paragraph, second sentence, instead of: “Nine-month consolidated sales rose by 5.6 % over the preceding year’s equivalent figure, to reach Euro 10.6 m (672.7).” it must read “Nine-month consolidated sales rose by 5.6 % over the preceding year’s equivalent figure, to reach Euro 710.6 m (672.7).” The complete corrected announcement is: FUCHS: operating profits maintained Against a less-than-easy macro-economic background, the globally active lubricant producer FUCHS PETROLUB AG in Mannheim, Germany, continued to operate successfully in the third quarter of 2001. Nine-month consolidated sales rose by 5.6 % over the preceding year’s equivalent figure, to reach Euro 710.6 m (672.7). Operating profits and earnings before interest and tax (EBIT), at Euro 45.0 m and Euro 44.3 m respectively, were almost fully up to the previous year’s level, the group’s best year ever (Euro 45.3 m and Euro 45.0 m respectively). The nine-month net income of Euro 12.5 m (14.9) was down on the preceding year’s figure by 16.1 %, due to increased exceptional items and financing cost. This produces, after goodwill amortization of Euro 0.8 (0.7) per share, nine-month earnings per share of Euro 4.9 (5.8). The cash flow from current operating activities was significantly increased during the year’s first nine months, to Euro 24.6 m (8.0). Capital expenditures in the first nine months of the year totaled Euro 20.9 m (20.8). The workforce on September 30, 2001 had risen to 3,917 people (3,856). The almost worldwide economic uncertainties render it particularly difficult at present to make business and profit forecasts. But consolidated sales in October 2001, at Euro 5,4 m (81.8), were significantly up on September’s disappointing business volume of Euro 76.0 m (80.2). This gives the group confidence that it will finish the full year 2001 with an overall record better than the average for the lubricant sector and many other industries as well. Mannheim, November 30, 2001 FUCHS PETROLUB AG Public Relations Friesenheimer Str. 17 D-68169 Mannheim Tel.: +49(0)621/3802 104 The press release is also available on the Internet under http://www.fuchs-oil.de. end of ad-hoc-announcement (c)DGAP 30.11.2001 ——————————————————————————– WKN: 579040; Index: SDax Listed: Amtlicher Handel in Frankfurt (SMAX), Stuttgart; Freiverkehr in Berlin, Hamburg; Swiss Exchange 300912 Nov 01