FUCHS PETROLUB SE — Earnings Release 2016

Aug 1, 2016

News Details

Corporate | 1 August 2016 07:00

FUCHS with strong first half-year

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

2016-08-01 / 07:00
The issuer is solely responsible for the content of this announcement.

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FUCHS with strong first half-year

"FUCHS PETROLUB had a good first half-year and achieved its sales revenue
and earnings targets. We are making good progress with our ambitious
investment program, and a small acquisition in the US in June is also
strengthening the specialty business. Once again we generated a
considerable level of free cash flow," comments Stefan Fuchs, Chairman of
the Executive Board at FUCHS PETROLUB SE.

• Sales revenues: up 13% to EUR 1,136 million
• Earnings (EBIT): up 7% to EUR 183 million
• Outlook reaffirmed

The first six months of 2016 at a glance

in EUR million H1 2016 H1 2015 Dev. in %
Sales revenues (1) 1,136.2 1,007.6 12.8
Europe 720.9 571.2 26.2
Asia-Pacific, Africa 298.4 302.2 -1.3
North and South America 171.9 176.1 -2.4
Consolidation -55.0 -41.9
Earnings before interest and 182.7 171.6 6.5
tax (EBIT)
Earnings after tax 126.6 118.8 6.6
Capital expenditures 32.4 16.0 >100.0
Free cash flow before 72.4 75.2 -3.7
acquisitions
Earnings per share in EUR
Ordinary share 0.90 0.85 5.9
Preference share 0.91 0.86 5.8
Employees as at June 30 4,869 4,158 17.1

(1) By company location

Sales revenues and earnings
FUCHS PETROLUB increased its sales revenues by 13% to EUR 1,136 million in
the first half of the year. External growth resulting from the two
acquisitions made in 2015 was 14%. Organic growth of almost 3% was offset
by negative currency effects of -4%.

As with sales revenues, the income statement is also significantly
influenced by the acquisitions of the previous year. The earning power of
the companies acquired in 2015 is still below the Group average. In total,
EBIT grew by 7% to EUR 183 million (172). Earnings after interest and tax
also increased by 7% and reached a value of EUR 127 million (119). Earnings
per ordinary and preference share rose to EUR 0.90 (0.85) and EUR 0.91
(0.86) respectively.

Despite the considerably increased capital expenditure, the free cash flow
before acquisitions is only slightly lower than in the previous year at EUR
72 million (75).

Segments: Sales revenues and earnings
From a regional perspective, growth achieved in Europe is attributable to
acquisitions (+25%). Organic sales revenues increased by 3% - primarily in
Germany, Central, Eastern and Southern Europe. The Asia-Pacific, Africa
region recorded organic growth in virtually every country (+2%), but is
slightly below the previous year due to currency effects. North and South
America remains around 2% below the previous year due to weak South
American currencies.

In Europe, EBIT grew by EUR 12 million to EUR 95 million. The Asia-Pacific,
Africa region recorded an increase in EBIT of 3% to EUR 61 million. At EUR
32 million, EBIT recorded in North and South America was around 4% lower
than the previous year's result.

Outlook
FUCHS PETROLUB reaffirms the outlook for the financial year. The company
expects acquisition-based and organic growth in sales revenues in the range
of 7% to 11% for the financial year. The sales revenue forecast does not
account for currency translation effects. Sales revenues related to the
PENTOSIN acquisition will no longer be reported as external growth in the
second half of 2016; however, sales revenues generated through the STATOIL
LUBRICANTS business will continue to be reported as external growth for a
further three months. The Group anticipates EBIT growth to be between 3%
and 7%.

Mannheim, August 1, 2016

FUCHS PETROLUB SE
Public Relations
Friesenheimer Str. 17
68169 Mannheim
Tel. +49 (0)621 3802-1104
tina.vogel@fuchs-oil.de
www.fuchs.com/group

The following information can be accessed on the internet:
Half-Year Financial Report 2016:
www.fuchs.com/group/financial-reports
Press photos: www.fuchs.com/group/photogallery/

About FUCHS
The FUCHS Group develops, produces and markets high-grade lubricants and
related specialties for virtually all industries and areas of application.
The company, which was founded in Mannheim in 1931, employs around 5,000
people worldwide at 60 operating companies. FUCHS is the world's largest
independent lubricant manufacturer. The most important markets in terms of
sales revenues are Western Europe, Asia and North America.

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.

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2016-08-01 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.

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

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