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
SummaryQuotesChartsNewsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

FUCHS PETROLUB : announces preliminary figures for the first nine months of 2020 and a new earnings (EBIT) outlook for the current financial year

10/15/2020 | 09:36am EST

DGAP-Ad-hoc: FUCHS PETROLUB SE / Key word(s): 9 Month figures/Change in Forecast
FUCHS PETROLUB SE announces preliminary figures for the first nine months of 2020 and a new earnings (EBIT) outlook for the current financial year

15-Oct-2020 / 15:36 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


FUCHS PETROLUB SE announces preliminary figures for the first nine months of 2020 and a new earnings (EBIT) outlook for the current financial year

At EUR 1,740 million, preliminary sales of the FUCHS Group in the first nine months of 2020 are 11% below the previous year's level. Operating business in the third quarter, especially in September, was significantly above expectations. Preliminary earnings (EBIT) for the first nine months were down 17% compared to the previous year at EUR 203 million.

Taking into account the business development in the first nine months of 2020 and based on today's assessment of the impact of the COVID-19 pandemic, FUCHS has determined a new outlook for the financial year 2020. FUCHS expects a further improvement in economic conditions in the fourth quarter and therefore expects in the year 2020 a decline in earnings (EBIT) in the range of -15% (previously -25%).

The effects of the crisis on supply chains, production and customer demand cannot be reliably estimated currently. The new outlook is based on the assumption that there will be no major lockdowns in the fourth quarter of 2020 in FUCHS' core regions.

FUCHS is well positioned to face the crisis and has a solid financial basis. The stability and structure of the balance sheet form a sound foundation for further development. Both the low proportion of fixed costs and the high proportion of raw materials have a positive effect. This allows us to breathe flexibly with sales. In addition, FUCHS once again benefits from its worldwide presence and broad product portfolio.

The complete statement for the third quarter 2020 will be published as scheduled on November 3, 2020.

Mannheim, October 15, 2020


Contact
FUCHS PETROLUB SE
Investor Relations
Thomas Altmann
Tel. +49 621 3802-1105
thomas.altmann@fuchs.com

Important note

This ad hoc 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, actual future developments and results can 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 in 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 ad hoc release and assumes no liability for such.


15-Oct-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at 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.com
Internet: www.fuchs.com/gruppe
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
EQS News ID: 1141170

 
End of Announcement DGAP News Service

1141170  15-Oct-2020 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1141170&application_name=news&site_id=zonebourse_sftp

© EQS 2020
All news about FUCHS PETROLUB SE
11/05FUCHS PETROLUB : confers Sponsorship Award of EUR 50,000 on 13 social projects i..
EQ
11/05FUCHS PETROLUB : Receives a Buy rating from Baader Bank
MD
11/04FUCHS PETROLUB : Gets a Sell rating from DZ Bank
MD
11/04FUCHS PETROLUB : with recovery in the third quarter of 2020, the first nine mont..
AQ
11/04FUCHS PETROLUB : Independant Research sticks Neutral
MD
11/04FUCHS PETROLUB : Berenberg gives a Buy rating
MD
11/03FUCHS PETROLUB : takes over US manufacturer of high-performance silicone lubrica..
AQ
11/03FUCHS PETROLUB : Investor Presentation
PU
11/03FUCHS PETROLUB : Quarterly Statement 2020 Q1-3
PU
11/03FUCHS PETROLUB : 3. November, Analysten Telefonkonferenz Ergebnisse 9M 2020
PU
More news
Financials
Sales 2020 2 320 M 2 775 M 2 775 M
Net income 2020 194 M 232 M 232 M
Net cash 2020 168 M 201 M 201 M
P/E ratio 2020 34,6x
Yield 2020 2,05%
Capitalization 6 016 M 7 193 M 7 197 M
EV / Sales 2020 2,52x
EV / Sales 2021 2,31x
Nbr of Employees 5 751
Free-Float 72,7%
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
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 13
Average target price 40,64 €
Last Close Price 48,26 €
Spread / Highest target 14,0%
Spread / Average Target -15,8%
Spread / Lowest Target -42,0%
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 SE9.28%7 193
SAUDI BASIC INDUSTRIES CORPORATION3.09%77 430
WANHUA CHEMICAL GROUP CO., LTD.46.16%40 039
LYONDELLBASELL INDUSTRIES N.V.-7.01%29 338
PETRONAS CHEMICALS GROUP-6.12%13 506
ARKEMA2.94%8 899