Financials

Fuchs Petrolub says group revenues rose 2% in 2014

FUCHS PETROLUB SE, which recently released its preliminary earnings, said the group’s sales revenues rose 2% or EUR 34 million in 2014 to EUR 1,866 million.

When adjusted for currency effects, this figure represents an increase of just below 4% from 2013 earnings.

The company said organic growth was more than 3% in all three global regions in 2014, while acquisitions represented 1% of the overall increase.

At EUR 313 million, earnings before interest and tax (EBIT) match the previous year’s record earnings. Earnings after tax are EUR 220 million, following EUR 219 million in the previous year.

The share buyback program which was completed in the first half of 2014 had a positive effect on earnings per share, which increased by just below 3%.

FUCHS anticipates further increases of both sales revenues and earnings for the financial year 2015. This is based on forecasts for 2015 that indicate stronger growth in the global economy than in the previous year.

The company will publish the final figures for the financial year 2014 on 24 March 2015.

Based in Mannheim, Germany, Fuchs is the world’s largest independent lubricant company. It is listed on the stock exchanges in Frankfurt/Main and Stuttgart.

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