FUCHS PETROLUB SE — Earnings Release 2014

Mar 24, 2015

News Details

Corporate | 24 March 2015 07:00

FUCHS increases sales revenues and repeats previous year’s record earnings

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

2015-03-24 / 07:00

---

FUCHS increases sales revenues and repeats previous year's record earnings

• Sales revenues up 2% to EUR 1,866 million (currency adjusted +4%)
• Growth in all three world regions
• EBIT of EUR 313 million at the record level of the previous year
• Dividend to be raised by 10% to EUR 0.77 per preference share

The financial year 2014 at a glance

(Amounts in EUR million) 2014 2013 Dev. %
Sales revenues (1) 1,865.9 1,831.6 1.9
Europe 1,112.9 1,104.2 0.8
Asia-Pacific, Africa 516.5 497.9 3.7
North and South America 316.0 307.3 2.8
Consolidation -79.5 -77.8 2.2
Earnings before interest and tax (EBIT) 313.0 312.3 0.2
Earnings after tax 219.9 218.6 0.6
Earnings per share in EUR (2)
Ordinary share 1.57 1.53 2.6
Preference share 1.58 1.54 2.6
Proposed dividend/dividend in EUR (2)
Ordinary share 0.76 0.69 10.1
Preference share 0.77 0.70 10.0
Free cash flow 187.9 149.9 25.4
Investments in long-term assets 52.6 72.8 -27.7
Employees as at December 31 4,112 3,888 5.8

(1) By company location
(2) Previous year's figures adjusted for reasons of comparability

Performance
FUCHS PETROLUB SE, with global operations in the lubricant business,
recorded Group sales revenues of EUR 1,866 million in the financial year
2014. This represents year-on-year growth of EUR 34 million or 2%. FUCHS
achieved organic growth in all three world regions (+3%), particularly due
to increased volumes. In addition, acquisitions (+1%) and currency
translation effects (-2%) had an impact.

In terms of earnings, the FUCHS PETROLUB Group was able to repeat the
previous year's record values. Earnings before interest and tax (EBIT) are
EUR 313 million (312), while earnings after tax are EUR 220 million (219).
Due to the share buyback, earnings per ordinary and preference share
increased by around 3% or EUR 0.04 year-on-year to EUR 1.57 (1.53) and EUR
1.58 (1.54) respectively.

Free cash flow was increased to EUR 188 (150) million in the reporting year
2014.

Dividends
The Executive Board and Supervisory Board at FUCHS PETROLUB SE will propose
a dividend of EUR 0.77 per preference share and EUR 0.76 per ordinary share
for the financial year to the Annual General Meeting scheduled for May 6,
2015. This would represent an increase of around 10%.

Investments
EUR 53 million (73) was invested as planned in the period under review,
representing a decline of around 30% compared to the two previous years.
The capital expenditure was primarily focused on the construction of new
facilities and the modernization of existing facilities. The investments
were centered around locations in Germany, China, South Africa and
Australia. The construction and expansion of the test field in Mannheim is
one example of this. In addition, EUR 22 million was spent on our two
acquisitions of BATOYLE in England and LUBRITENE in South Africa.

Employees
The Group employed 4,112 employees (3,888) worldwide as at December 31,
2014. The total workforce therefore increased by 224 persons or 6%
year-on-year. Of these new employees, 122 are attributable to the
acquisitions made in South Africa (+99) and Great Britain (+23).

The number of employees in the Asia-Pacific/Africa region increased by 157
(+18%), while the Europe region added 77 new employees (+3%). In North and
South America, the number of employees declined by 10(-2%) as at December
31, 2013.

Outlook
The FUCHS PETROLUB Group is planning further growth in sales volumes and
revenues for the year 2015. The Group also expects growth in the
low-single-digit percentage range for both earnings before interest and tax
(EBIT) and earnings after tax. In terms of free cash flow, the Group
anticipates the amount to once again exceed EUR 150 million.

Mannheim, March 24, 2015

FUCHS PETROLUB SE
Public Relations
Friesenheimer Str. 17
68169 Mannheim Germany
Tel: +49 621 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 2014:
http://www.fuchs-oil.com/annual_report.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, for example, include changes in
the overall economic climate, changes in procurement prices, changes to
exchange rates and interest rates, and changes within 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.

---

2015-03-24 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---

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: Regulated Market in Frankfurt (Prime Standard), Stuttgart;
Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Munich

End of News DGAP News-Service

336319 2015-03-24