Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Xetra  >  Fuchs Petrolub SE    FPE3   DE0005790430

FUCHS PETROLUB SE

(FPE3)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Fuchs Petrolub : CO2-neutral from 2020 onwards

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/21/2019 | 09:49am EST

The world's largest independent lubricant group FUCHS PETROLUB sends out a clear signal for global climate protection. From 1.1.2020, the company will produce CO 2 -neutral completely.

The CO 2 -Neutralstellung is another milestone in FUCHS sustainable development.

From 2020, the 58 FUCHS locations worldwide - from energy consumption in production to consumables in administration - will be CO 2 -neutral.

In order to implement CO 2 neutrality as early as 2020, FUCHS will compensate for its previously unavoidable CO 2 emissions through compensatory measures. This is done by investing in high-quality climate protection projects, which above all promote the development of renewable energies. The projects are accredited, approved and controlled in accordance with internationally recognized certification standards, such as the Gold Standard, and renowned organizations such as the United Nations (UN). The validation of the project results in terms of the achieved CO 2 savings is verified by independent testing bodies, such as the TUV.

'The FUCHS CO 2 Neutrality Strategy is embedded in our sustainability strategy, which we are now pursuing for the tenth year, thereby assuming responsibility for global climate protection,' said Stefan Fuchs, Chief Executive Officer of FUCHS PETROLUB SE, 'and making an important contribution to achieving this the objectives of the 2015 ratified Paris Climate Change Agreement '. This envisages limiting global warming to well below two degrees Celsius compared to pre-industrial levels.

'When selecting projects, our focus is on climate protection projects that support the economic, ecological and social development in regions with FUCHS locations worldwide, thus fulfilling our global social responsibility in the sense of' corporate citizenship ',' adds Fuchs. At the same time, FUCHS is supporting the 17 UN Sustainable Development Goals that the company has been committed to since 2018.

'But it is also clear that this form of CO 2 compensation will only accompany our ongoing search for global reduction potentials of our (avoidable) CO 2 emissions, but will not replace them,' explains Apu Gosalia, Chief Sustainability Officer & Vice President Global Intelligence. For example, energy- related CO 2 emissions per tonne of FUCHS lubricant produced have already been reduced by around 30% since 2010.

In the medium term, FUCHS intends to gradually reduce its CO 2 compensation services and, in return, increase its share of renewable energy sources and continue investing in the energy efficiency of its locations. In the long term, the company aims to sell CO 2 -neutral products to its customers . However, this presupposes that FUCHS will in future be supplied by its suppliers with CO 2 -neutral raw materials. Only in this way can FUCHS, as a CO 2 -neutral lubricant company, also offer its customers CO 2 -neutral lubricants from CO 2 -neutral production.

In addition, last month FUCHS joined as an official supporter of the 'Alliance for Development and Climate' of the Federal Ministry for Economic Cooperation and Development (BMZ). The members of this alliance, which combines climate protection and sustainable development, are aiming for climate neutrality in the future by simultaneously avoiding, reducing and compensating for CO 2 emissions.

Contact:

Tel: +49 621 3802-1104

About FUCHS

The FUCHS Group develops, produces and sells high quality lubricants and related specialties for almost all industries and applications. The company, which was founded in Mannheim in 1931, employs around 5,500 people worldwide in 58 operating companies. FUCHS is the world's largest supplier of independent lubricant manufacturers. The most important sales markets are Western Europe, Asia and North America.

(C) 2019 Electronic News Publishing, source ENP Newswire

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on FUCHS PETROLUB SE
11/06FUCHS PETROLUB SE : Notification and public disclosure of transactions by person..
EQ
11/04FUCHS PETROLUB : FUCHS acquires companies for Chemicals Process Management in No..
AQ
11/01FUCHS PETROLUB : acquires Chemicals Process Management business in North America
PU
11/01FUCHS PETROLUB : acquires Chemicals Process Management business in North America
EQ
10/30FUCHS PETROLUB : generates sales revenues at previous year's level in the first ..
PU
10/30FUCHS PETROLUB : generates sales revenues at previous year's level in the first ..
EQ
10/2520TH ANNUAL FUCHS SPONSORSHIP AWARD : In its anniversary year, FUCHS awards EUR ..
PU
10/2520TH ANNUAL FUCHS SPONSORSHIP AWARD : In its anniversary year, FUCHS awards EUR ..
EQ
10/22FUCHS PETROLUB : acquires manufacturers of synthetic high-performance specialty ..
AQ
10/21FUCHS PETROLUB : acquires high-performance specialty synthetic lubricant manufac..
PU
More news
Financials (EUR)
Sales 2019 2 543 M
EBIT 2019 308 M
Net income 2019 227 M
Finance 2019 134 M
Yield 2019 2,39%
P/E ratio 2019 24,9x
P/E ratio 2020 23,5x
EV / Sales2019 2,10x
EV / Sales2020 2,03x
Capitalization 5 479 M
Chart FUCHS PETROLUB SE
Duration : Period :
Fuchs Petrolub SE Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends FUCHS PETROLUB SE
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Average target price 35,79  €
Last Close Price 40,64  €
Spread / Highest target 13,2%
Spread / Average Target -11,9%
Spread / Lowest Target -26,2%
EPS Revisions
Managers
NameTitle
Stefan Rudolf Fuchs Chairman-Executive Board
Kurt Wilhelm Bock Chairman-Supervisory Board
Dagmar Steinert Chief Financial Officer & Member-Executive Board
Lutz Lindemann Chief Technology Officer
Lars-Eric Reinert Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
FUCHS PETROLUB SE12.95%6 029
SAUDI BASIC INDUSTRIES CORPORATION SJSC--.--%74 148
AIR LIQUIDE21.46%62 093
LYONDELLBASELL INDUSTRIES N.V.14.55%31 761
WANHUA CHEMICAL GROUP64.20%20 824
NAN YA PLASTICS CORP--.--%18 541