FUCHS PETROLUB SE — Earnings Release 2003

May 15, 2003

News Details

Ad-hoc | 15 May 2003 08:08

Fuchs Petrolub AG english

More success for FUCHS: substantial rise in group profits during the first quart Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– The globally operating lubricants producer FUCHS PETROLUB AG in Mannheim continued to perform successfully during the first quarter of 2003. Internal growth came to EUR 15.2 million or 5.7 %, though due to exchange rate factors the sales figures, at EUR 263.4 million, remained more or less at the preceding year’s level (265.7). The profit after taxes, however, showed a significantly overproportional rise of 32.6 % to reach EUR 6.1 million (4.6). In accordance with international financial reporting standards (IFRS) goodwill has been amortized in full pro rata temporis and deducted from profits. Before this goodwill amortization, the quarterly profit after taxes came to EUR 8.8 million (7.3). The quarterly profit per share increased to EUR 3.6 (3.0) before and EUR 2.4 (1.8) after goodwill amortization. The earnings situation will remain good, though in the current quarter the benchmark is an exceptionally challenging one, since the preceding year’s equivalent period has seen the best quarterly result in the group’s history. Mannheim, 15 May 2003 end of ad-hoc-announcement (c)DGAP 15.05.2003 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: 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. ——————————————————————————– WKN: 579040; ISIN: DE0005790406; Index: SDAX Listed: Amtlicher Markt in Frankfurt (Prime Standard) und Stuttgart; Freiverkehr in Hamburg und München; Swiss Exchange 150808 Mai 03