FUCHS PETROLUB SE — Earnings Release 2002

May 31, 2002

News Details

Ad-hoc | 31 May 2002 08:02

Fuchs Petrolub AG english

FUCHS: accelerated growth and a steep rise in profits during the 1st quarter ’02 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– FUCHS: accelerated growth and a steep rise in profits during the first quarter of 2002 The globally operating lubricants producer FUCHS PETROLUB AG in Mannheim, Germany, performed successfully during the first quarter of 2002, with both sales and profits developing well. At the same time, the group has changed over to International Accounting Standards (IAS), thus enhancing the transparency of its reporting work and ensuring improved comparability in the context of international competition. Sales rose by 13.1 % to reach EUR 265.7 m (234.9), operating profits by 23.4 % to EUR 19.5 m (15.8), and the net income for the quarter, at EUR 4.6 m (3.4), was up by 35.3 %. Goodwill was for the first time amortized in full pro rata temporis against profits in accordance with International Accounting Standards (IAS). The quarterly earnings per share increased to EUR 3.0 (2.4) before and EUR 1.8 (1.3) after goodwill amortization. Mannheim, 31 May 2002 FUCHS PETROLUB AG Public Relations Friesenheimer Str. 17 D-68169 Mannheim Tel.: +49 621 3802-104 The ad-hoc release is also available on the Internet under http://www.fuchs- oil.de. end of ad-hoc-announcement (c)DGAP 31.05.2002 ——————————————————————————– WKN: 579040; ISIN: DE0005790406; Index: SDax Listed: Amtlicher Handel in Frankfurt (SMAX), Stuttgart; Freiverkehr in Berlin, Hamburg; Swiss Exchange 310802 Mai 02