FUCHS PETROLUB SE — Earnings Release 2001

Aug 31, 2001

News Details

Ad-hoc | 31 August 2001 08:11

Fuchs Petrolub AG english

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Notwithstanding a less-than-favorable market and business environment, the globally operating lubricant producer FUCHS PETROLUB AG in Mannheim/Germany continued to perform successfully over the first half of the year: consolidated sales were up by 7.9 % to Euro 478 m (443) and operating profits, at Euro 30.7 m (31.3), were maintained at almost the same level. Compared to the first half of 2000, however, turnover and price factors meant that a higher level of working capital had to be financed, and acquisitions were reflected in increased interest expenses, entailing a drop in mid-year net income of 16.9 % to Euro 8.5 m (10.2), while the cash flow and the inflow of funds from current operating activities showed an increase. At Euro 14.1 m, capital expenditures during the first half of the year were Euro 0.9 m up on the previous year (13.2). The group was employing 3,938 people on 30 June. Mannheim, 31 August 2001 FUCHS PETROLUB AG Public Relations Friesenheimer Str. 17 D-68169 Mannheim Tel.: +49(0)6 21 38 02 104 You can also find this ad hoc release on the Internet under http://www.fuchs- oil.de. The complete press release as well as the corresponding quarterly report for the first half-year 2001 are also available at 10 am on the Internet (beginning of the half-year press conference). end of ad-hoc-announcement (c)DGAP 31.08.2001 ——————————————————————————– WKN: 579040; Index: SDax Listed: Amtlicher Handel in Frankfurt (SMAX), Stuttgart; Freiverkehr in Berlin, Hamburg; Zürich 310811 Aug 01