FUCHS PETROLUB SE — Earnings Release 2016

Feb 16, 2017

News Details

Corporate | 16 February 2017 07:00

FUCHS presents provisional figures for the financial year 2016: New records for sales revenues and earnings

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

16.02.2017 / 07:00
The issuer is solely responsible for the content of this announcement.

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FUCHS presents provisional figures for the financial year 2016:
New records for sales revenues and earnings

• Sales revenues: +9% to EUR 2.3 billion
• Earnings (EBIT): +8% to EUR 371 million
• Dividend proposal: +9% to EUR 0.89 per preference share

Sales revenues
FUCHS PETROLUB grew profitably once again in the financial year 2016. Group
sales revenues increased by 9% or EUR 188 million to a new record of EUR
2.3 billion. Acquisitions contributed 9% to the growth in sales revenues.
The Group's organic growth amounted to 3%. There was a counter-effect of
-3% from currency translation.

Sales revenues increased substantially in Europe (+16%) and Asia-Pacific,
Africa (+6%). The North and South America region's sales revenues were 1%
down on the previous year.

Earnings
At EUR 371 million (342), the Group recorded its best ever earnings before
interest and tax (EBIT), and at EUR 260 million (236), its highest ever
earnings after tax. Earnings per preference share rose to EUR 1.87 (1.70).

Cash flow
As forecasted, capital expenditures reached a high of EUR 93 million (50)
in 2016. Free cash flow before acquisitions amounted to EUR 205 million
(232) and thus exceeded expectations.

Dividends
Pending a resolution by the Supervisory Board on March 20, 2017, the
Executive Board of FUCHS PETROLUB SE intends to propose a dividend of EUR
0.89 per preference share and EUR 0.88 per ordinary share for the financial
year 2016 to the Annual General Meeting, which will be held on May 5, 2017.
This equates to a 9% increase.

Outlook
For the financial year 2017, FUCHS expects further increases in sales
revenues and earnings. This is based on forecasts indicating a generally
positive development of the global economy in 2017 despite the known risks
in many regions that are important for us.

FUCHS PETROLUB will publish the final figures for the financial year 2016
on March 21, 2017.

The Group's Key Figures

EUR million 2016(1) 2015 Change Change %
Sales revenues 2,267 2,079 188 9.0
Europe(2) 1,417 1,227 190 15.5
Asia-Pacific, Africa(2) 620 583 37 6.3
North and South 349 353 -4 -1.2
America(2)
Consolidation -119 -84 -35
EBIT 371 342 29 8.3
Earnings after tax 260 236 24 10.1
Earnings per share in EUR
Ordinary share 1.86 1.69 0.17 10.1
Preference share 1.87 1.70 0.17 10.0
Dividend in EUR
Ordinary share 0.88(3) 0.81 0.07 8.6
Preference share 0.89(3) 0.82 0.07 8.5
Free cash flow before 205 232 -27 -11.5
acquisitions
Acquisitions -41 -170 129 -75.5
Free cash flow 164 62 102 >100.0
Employees (Dec. 31) 4,898 4,823 75 1.6

(1) Provisional figures
(2) By company location
(3) Executive Board's proposal

Mannheim, February 16, 2017

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

The following information is available online:

Press photos
www.fuchs.com/group/photogallery

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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16.02.2017 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

 End of News    DGAP News Service