FUCHS PETROLUB SE — Earnings Release 2013

Mar 20, 2014

News Details

Corporate | 20 March 2014 07:00

FUCHS increases sales revenues and earnings again in 2013

DGAP-News: FUCHS PETROLUB SE / Key word(s): Final Results

20.03.2014 / 07:00

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FUCHS increases sales revenues and earnings again in 2013

• Organic growth of 4.0% - only slight increase in sales revenues due to
  currency effects
• Earnings before interest and tax (EBIT) up 6.6% to EUR 312.3 million
• Dividend to be increased to EUR 1.40 per preference share

The financial year 2013 at a glance

(Amounts in EUR million) 2013 2012
Sales revenues (1) 1,831.6 1,819.1
Europe 1,104.2 1,080.7
Asia-Pacific, Africa 497.9 486.8
North and South America 307.3 320.3
Consolidation -77.8 -68.7
Earnings before interest and tax (EBIT) 312.3 293.0
Profit after tax (2) 218.6 207.0
Earnings per share in EUR
Ordinary share 3.06 2.90
Preference share 3.08 2.92
Dividend proposal/dividends in EUR
Ordinary share 1.38 1.28
Preference share 1.40 1.30
Free cash flow 149.9 140.4
Investments in long-term assets 72.8 71.4
Employees (December 31) 3,888 3,773

(1) By company location
(2) Previous year's figures adjusted, see "Application of new accounting
standards" in the notes to the consolidated financial statements

Performance
FUCHS PETROLUB SE, with global operations in the lubricant business,
enjoyed a successful year in 2013.

Despite significant negative currency effects, FUCHS PETROLUB increased
Group sales revenues by EUR 12.5 million or 0.7% to EUR 1,831.6 million
(1,819.1). Organic growth was 4.0%. FUCHS PETROLUB was able to increase
lubricant volumes in all three global regions.

The Group also successfully continued its earnings growth. Earnings before
interest and tax (EBIT) and profit after tax both recorded
disproportionately high gains. EBIT rose 6.6% to EUR 312.3 million (293.0),
and profit after tax increased by 5.6% to EUR 218.6 million (207.0).

Earnings per ordinary and preference share increased to EUR 3.06 and EUR
3.08 respectively, which represents a year-on-year increase of around 5.5%.

Dividends
The Executive Board and Supervisory Board of FUCHS PETROLUB SE will propose
a dividend of EUR 1.40 per preference share and EUR 1.38 per ordinary share
for the financial year 2013 to the Annual General Meeting scheduled for May
7, 2014. This would represent an increase of almost 8%.

Capital expenditures
FUCHS PETROLUB invested EUR 72.8 million (71.4) in the reporting year. The
investments therefore remained at the same high level as the previous year.

The largest investment in property, plant and equipment in 2013 was made in
China. The new facility in Yingkou in Northeastern China was opened at the
end of October and takes over production from the old site, which had been
outgrown. A further key investment by FUCHS was made in its facility in
Harvey near Chicago, where the production site has been significantly
extended and modernized. A third milestone was the opening of the facility
in Kaluga to the south west of Moscow. In Brazil, preparatory work for
construction of a facility is well underway. Construction work is scheduled
to commence in 2014. Meaningful funds were also invested into the existing
infrastructure in Germany as well as in Melbourne, Australia with a view to
modernizing and extending existing facilities.

Employees
As at December 31, 2013, the FUCHS PETROLUB Group employed 3,888 people
worldwide (3,773). The total number of employees therefore increased by 115
or 3.0% compared to the previous year. The largest increase was in the
Europe region, where the workforce increased by 55 year-on-year (+2.3%).
Compared with the end of 2012, 35 more people (+4.2%) were employed in the
Asia-Pacific, Africa region and 25 more people were employed in North and
South America (+4.7%).

Outlook
The FUCHS PETROLUB Group intends to continue its growth initiative in 2014
and thereby achieve further increases in sales volumes and revenues. Based
on forecasts predicting higher growth of the global economy for 2014 over
2013, the Group anticipates organic growth in the low single-digit range
for 2014. Moreover, the Group also plans to increase its earnings before
interest and tax (EBIT) and profit after tax in the low single-digit range.

Mannheim, March 20, 2014

FUCHS PETROLUB SE
Public Relations
Friesenheimer Str. 17
68169 Mannheim
Germany
Tel: +49 (0)621 3802-1104
E-mail: tina.vogel@fuchs-oil.de

The information below can be accessed at the following web addresses:

Press release:
www.fuchs-oil.com

Annual report 2013:
http://www.fuchs-oil.com/annual_report13.html

Press photos:
http://www.fuchs-oil.com/pressphotos1.html

Important note
This press release contains statements about future developments that are
based on assumptions and estimates by the management of FUCHS PETROLUB SE.
Even if the management is of the opinion that these assumptions and
estimates are accurate, future actual developments and future actual
results may differ significantly from these assumptions and estimates due
to a variety of factors. These factors can include changes in the overall
economic climate, changes to exchange rates and interest rates, and changes
in the lubricants industry. FUCHS PETROLUB SE provides no guarantee that
future developments and the results actually achieved in the future will
match the assumptions and estimates set out in this press release and
assumes no liability for such.

End of Corporate News

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20.03.2014 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: FUCHS PETROLUB SE
Friesenheimer Str. 17
68169 Mannheim
Germany
Phone: +49 (0)621 / 3802-0
Fax: +49 (0)621 / 3802-7190
E-mail: ir@fuchs-oil.de
Internet: www.fuchs-oil.de
ISIN: DE0005790430, DE0005790406
WKN: 579043, 579040
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Stuttgart;
Freiverkehr in Berlin, Düsseldorf, Hamburg, München

End of News DGAP News-Service

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