FUCHS PETROLUB SE — Earnings Release 2002

Apr 15, 2003

News Details

Ad-hoc | 15 April 2003 08:32

Fuchs Petrolub AG english

With sales and profits up, FUCHS proposes increased dividends Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– The globally operating lubricant producer FUCHS PETROLUB AG in Mannheim, Germany, in 2002 achieved the best result in the group’s history. It thus successfully bucked the general trend, which has been characterized by a weak or declining business cycle, general uncertainties in the run-up to the Iraq war, and since the middle of last year by substantial rises in input material prices. Sales rose by 13.3 % to reach EUR 1,065 million (940), operating profits by 42.2 % to EUR 90.7 million, and the consolidated net income for the year by 172.5 % to EUR 24.1 million (8.8). The total return on capital was upped to 15.5 %. Capital expenditure on tangible and intangible assets came to EUR 28.8 million, and was thus at the preceding year’s level of 28.7. The worldwide workforce increased, due essentially to consolidation factors, to 4,081 employees. FUCHS PETROLUB AG reported a net income of EUR 16.8 million for 2002, and will be proposing to the shareholders an increase of EUR 0.50 in the dividends, to EUR 4.37 per ordinary share and EUR 4.88 per preference share. For the current year, the group anticipates sales of about EUR 1.1 billion, and, subject to any further effects of the war in Iraq, a good earnings situation. Mannheim, 15 April 2003 end of ad-hoc-announcement (c)DGAP 15.04.2003 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 150832 Apr 03