Agenda
| The Leading Independent Lubricants Company | |
| FUCHS2025 | |
| Q1-Q3 2020 | |
| Shares | |
| Appendix | |
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l 2 |
FUCHS at a glance
Established 3 generations ago as a family-owned business
No. 1
among the independent suppliers of lubricants
€2.6 bn sales in 2019
The Fuchs family holds 55% of ordinary shares
A full range of over
10,000
lubricants and related specialties
Top 20 lubricant manufacturers1
1 Market Shares 2019
2 > 1000 tons
Our unique business model is the basis for our competitive advantage
Technology and innovation leadership in strategically important product areas
FUCHS is fully focussed on lubricants
FUCHS is a full-line supplierIndependency allows reliability, customer & market proximity (responsiveness and flexibility) and continuity
Global presence, R&D strength, know-how transfer, speed
Advantage over major oil companiesAdvantage over independent companies
We are where our customers are
*Incl. Holding As of Dec. 2019
Full-line supplier advantage
100,000 customers in more than 150 countries
*metalworking fluids/corrosion preventives
Well balanced customer structure
Top 20 Customers account for ~ 25% sales
Engineering / Machinery construction
Agriculture and construction
Energy and mining
Organic growth potential in emerging countries
Market Demand 36.4 mn t
+1 %
36.8 mn t
FUCHS Sales (by customer location)
€ 902 mn
+185 %
€ 2,572 mn
2000
2000
2019
2019
Asia-PacificAmericasEMEA
Investment in the future
R&D expenses and Capex
Investment program
Capex 2016-2021 ~ €670 mn
€ mn
In 2016 - 2018 over €300 mn capex was spent with focus on the expansion of Mannheim, Kaiserslautern and Chicago as well as new plants in China, Australia and Sweden
200
150
Capex peaked in 2019 at €154 mn. In 2020 €120 mn and 2021 €80 mn will be spent on growth and replacement as well as efficiency improvements due to significant volume increases, technological changes and a changed product mix
100
50
From 2022 onwards, capex should be back on par with the new level of depreciation
Estimated level of depreciation
02008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
CapexScheduled depreciation*
* Depreciation figures excluding PPA from M&A
Strong track record of integrating businesses
M&A transactions with more than € 10mn sales (p.a.)
(GLOBAL) € 21 mn
2010
(DE) € 135 mn | (SE) € 140 mn |
2015
(AU) € 25 mn | (US) € 46 mn* |
2019
2014
(ZA) € 15 mn | (GB) € 15 mn |
(US) € 15 mn
2016
Lubricants
(US)
€ 11 mn
* Closing January 24, 2020
Acquisitions 2019 & 2020
Automotive retail business
Sales 2018 AUD 40mn
(~ €25 mn), 65 employees
Closing April 1, 2019
Chemical Process Management (CPM)
Sales 2018 €4 mn, 60 employees
Closing November 1, 2019
Automotive, medical, aerospace and in-vacuum industry
Sales 2018 USD 51mn
(~ €46 mn), 180 employees
Closing January 24, 2020
2020
Longstanding trading partner of FUCHS Italy
Sales 2019 of around €4 mn
Acquisition includes customer base and workforce
New Acquisition: PolySi Technologies Inc.
Great addition to the group's specialty business
Founded in 1995
Located in Sanford, NC, USA
Sales FY 2019 USD 9mn (~ €7.6 mn), mainly in North America, 21 employees
Asset Deal
Signing / Closing November 2, 2020
Specialist for silicone greases and gels for many industries, including automotive, electrical, plumbing, food, medical and valve
PolySi's manufacturing location in North Carolina is not part of the acquisition and only will be rented
Growth market Africa
Africa represents 6% of the global lubricant market
FUCHS intends to increase its presence in this rapidly growing market
FUCHS South Africa generates € 75 million in sales p.a. with 280 employees
Joint ventures were founded in Tanzania and Egypt in 2019
At the beginning of 2020, FUCHS acquired 50% of the shares in three distributors each in Zimbabwe, Zambia and Mozambique. The three joint ventures employ 90 people and generate sales of around € 21 million p.a.
In other African countries, FUCHS has license partners and distributors
FUCHS CO2-neutral as of 2020
Since 2010 already 30% reduction of energy consumption-specific CO2 emissions per ton of FUCHS lubricant produced
From 2020 onwards, all FUCHS locations worldwide will be CO2-neutral - from energy consumption in production to consumables in administration
Emissions not yet avoided are offset by compensation measures
Investment in high-quality climate protection projects for the expansion of renewable energies
On track to deliver as promised
FUCHS2025
New Mindset for Future Challenges
Global
FUCHS2025 Key Elements
Culture
We want to use these challenges as an
opportunity. That is why we are responding
to them with a new mindset - an attitude that
brings strategy, structure and culture into
line in a purposeful way.
Strategy Structure
FUCHS2025 - growing from a solid foundation
Based on …
• Our full product offering and global setup
• Our local entrepreneurship in 60+ subsidiaries
• Our performance driven culture and loyal employee base
We want to …
• Be the partner of our customers around their needs in lubrication solutions
• Achieve a better global alignment through harmonized standards and procedures
• Leverage our experience and explore exisiting opportunities, especially in Asia and the Americas
• Continously improve the CO2 footprint of our products based on a lifecycle assessment
• Become the employer of choice
FUCHS2025 Strategy Strategic Pillars
Six strategic pillars form the base of our strategy. They are the guiding principles for our strategic actions to reach our vision for FUCHS20205.
FUCHS2025 Strategy
Actions
Extensive market segment approach: holistic segmentation of all operations regarding customers and markets and effective alignment of organization towards it
In addition initiation of several strategic initiatives with globally staffed cross-functional teams to introduce the strategic objectives from a group perspective
Stronger emphasis on innovation, service solutions and new market perspectives to expand full-line supplier claim
Joint approach with continuous development of corporate culture program to be able to leverage our strong cultural foundation for further strategy execution
FUCHS2025 Strategy Highlights
Sustainable revenue growth with operational excellence at a 15% EBIT margin and corresponding FVA growthBetter market penetration through market segmentationTechnology leadership in the segments we target until 2025
Overproportionate growth in
Asia-Pacific & the Americas
Be the employer of choice for our existing and future workforce
CO2-neutrality in production "gate-to-gate" since 2020 and CO2-neutral products "cradle-to-gate" by 2025
Highlights Q1-3 2020
€1,740 mn
Sales down by -11 %
€203 mn
EBIT down by -17 %
Updated Outlook FY 2020
EBIT decline in the range of -15%
(was -25%)
Based on the assumption that there will not be any major lockdowns in FUCHS' key regions in Q4 2020
The effects of the crisis on supply chains, production and customer demand cannot be reliably estimated currently
Effects of the COVID-19 pandemic significantly weakened in Q3 2020
Cost saving measures show effect
Free cashflow before Acquisitions significantly above previous year
Continued very sound balance sheet structure and sufficient liquidity
Sales development
Q1-3 2020 Group sales
Regional sales development Q1-3 2020
-1% -2% -2%
Europe, Middle East, Africa
1,060
1,201
-12% -5% -12%
-11% -4% -20%
-Asia-PacificAmericas
509 281 -110
535 320 -104
+1% +10%Consolidation
-
-
-
-
Total
1,740
1,952
-11%
-11%
+2%
-2%
Income statement Q1-3 2020
€ mn | Q1-3 2020 | Q1-3 2019 | Δ € mn | Δ in % |
Sales | 1,740 | 1,952 | -212 | -11 |
Gross Profit | 615 | 672 | -57 | -8 |
- | ||||
Gross Profit margin | 35.3 % | 34.4 % | +0.9 %-points | |
Other function costs | -419 | -433 | 14 | -3 |
EBIT before at Equity | 196 | 239 | -43 | -18 |
At Equity | 7 | 7 | 0 | 0 |
EBIT | 203 | 246 | -43 | -17 |
Earnings after tax | 142 | 176 | -34 | -19 |
l 30 |
EBIT development
(Q3 2018: €12 mn one-off effect from sale of at equity share)
EBIT by regions
Q1-3 2020 (Q1-3 2019)
Quarterly EBIT development by regions
Q1 - Q3 2020
Cash flow Q1-3 2020
€ mn | Q1-3 2020 | Q1-3 2019 | Δ in € mn | Δ in % |
Earnings after tax | 142 | 176 | -34 | -19 |
Amortization/Depreciation | 59 | 54 | 5 | 9 |
Changes in net operating working capital (NOWC) | -6 | -11 | 5 | -45 |
Other changes | 16 | -22 | 38 | >100 |
Capex | -89 | -103 | 14 | 14 |
Free cash flow before acquisitions1 | 122 | 94 | 28 | 30 |
Acquisitions | -95 | -10 | -85 | >100 |
Free cash flow | 27 | 84 | -57 | -68 |
l 34 |
1 Free cash flow before cash paid for acquisitions and before cash acquired through acquisitions
Q1-3 2020 earnings summary
Organic sales decrease reduced in all three regions after a strong performance in Q3, especially in September; Q3 in APAC above previous year mainly due to China
External growth in APAC (NULON) and Americas (ZIMMARK & NYE)
Gross margin at 35.3% (34.4) above previous year due to product mix changes and decreased raw material costs
Cost savings take effect; Other function costs down by €14 mn (adjusted for Acquisitions down by €30 mn)
Depreciation and amortization higher due to the investment program
EBIT at €203 mn (246) down by -17% and Earnings after tax at €142 mn (176) down by -19% as a result of the COVID-19 pandemic
Updated Outlook FY 2020 view of the improved economic forecast and the Q1-3 20 business performance; EBIT decrease in the range of -15% for FY 2020 (was -25%)
Outlook FY 2020 updated
Outlook FY - 2020
Outlook FY - 2020
Updated Outlook in view of the improved economic outlook and the Q1-3 20 business performance
Earnings decline in the range of -15% (Based on today's assessment of the effects of the COVID-19 pandemic)
Based on the assumption that there will not be any major lockdowns in the key regions for FUCHS in Q4 2020
Effects of the crisis on supply chains, production and customer demand cannot be reliably estimated currently l 36
Breakdown ordinary & preference shares
(December 31, 2019)
Ordinary shares
Preference shares
Basis: 69,500,000 ordinary shares
Characteristics:
Share data:
Dividend
Symbol: FPE
Voting rights
ISIN: DE0005790406
WKN: 579040
MDAX-listed
Basis: 69,500,000 preference shares
Characteristics:
Share data:
Dividend plus preference profit share (0.01€)
Symbol: FPE3
Restricted voting rights in case of:
ISIN: DE0005790430
preference profit share has not been fully paid
WKN: 579043
exclusion of pre-emption rights (e.g. capital increase, share buyback, etc.)
Stable dividend policy
Our target: Increase the absolute dividend amount each year or at least maintain previous year's level
FUCHS - Key Investment Highlights
18 years of consecutive dividend increases
FUCHS-Long-Term Performance vs. DAX & MDAX1
Strong FCF generation & CAPEX with returns above WACC
3 4 5 6 7 8
We supply 100,000 customers in more than 150 countries with a full range of >10,000 lubricants and related specialtiesImproving operating profitability
Technology and innovation leadership in strategically important product areas
Independency allows reliability, customer & market proximity and continuity
Well balanced customer & product portfolio as well as global footprint
M&A: Strong track record of integrating businesses
Fuchs Petrolub Pref.
Fuchs Petrolub Ord.
DAXMDAX
1 Share price development including reinvested dividends
Top 20 lubricant countries
KT
8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000
20072019
China and the USA cover more than one third of the world lubricants market
FUCHS is present in every important lubricants consuming country
0
Regional per-capita lubricants demand
Base oil / additives value split
Base oil prices do not necessarily follow crude oil prices
No direct link between additives and crude oil prices
We even face price increases for certain raw materials where supply/demand is not balanced, or special situations occur
Special lubricants consist of less base fluid and more additives
Standard Lubricants
20% | 60% |
80% | |
40% |
FUCHS
Base OilsAdditives, etc.
Workforce Structure
5,627 employees globally
*Excl. 131 Trainees
FUCHS - Act together
Mission statementValues
Trust
Trust is the basis of our self-understanding
Creating value
We deliver leading technology and first class service
Respect
We acknowledge our responsibility
Reliability | Integrity |
Act in a responsive and | We believe in a high level of |
transparent way | ethics and adhere to our CoC |
FUCHS2025 Strategy Global Strength
Strategic Objectives:
Use market segmentation as basis for strategic and global business development, achieve better market penetration
Grow above Group average in Asia-Pacific and the Americas, achieve a better balance between all three world regions by 2025
Further refine the brand profile, strengthen brand equity and attractiveness
FUCHS2025 Strategy Costumer & Market Focus
Strategic Objectives:
Achieve maximum customer proximity, further utilize cross-selling opportunities, become the full-line supplier for our customers
Develop global service portfolio up to 2025, change from product-driven approach to solution-driven approach
Grow market shares to be amongst the leaders in the segments we target
Systematically introduce new business models within the broader world of lubrication
FUCHS2025 Strategy Technology Leader
Strategic Objectives:
Increase our innovation power in R&D and beyond. Be technology leader in the segments we target until 2025
Innovate products and operational performance to make our customers more connected with us beyond lubricants by introducing digital solutions and platforms
Bring all three R&D centers in China, USA and Germany to the same level of expertise until 2025
FUCHS2025 Strategy Operational Excellence
Strategic Objectives:
Strengthen our global manufacturing and distribution network to achieve self-sufficient supply and technology hubs in Asia-Pacific, EMEA and the Americas until 2025
Further standardize manufacturing and procurement procedures, equipment and output to achieve a more efficient supply chain
Expand data transparency based on further globalization of structures and harmonization of systems
FUCHS2025 Strategy People & Organization
Strategic Objectives:
Be the employer of choice for our existing and future workforce
Further improve working environments and global collaboration
Strengthen global talent acquisition and retention, enhance our development programs, competence models and succession planning
Endorse internationalization of entities, remote leadership, international job rotation
FUCHS2025 Strategy Sustainability
Strategic Objectives:
Economical Sustainability
Generate sustainable revenue growth at 15% EBIT margin with a corresponding increase of our FUCHS Value Added
Ecological Sustainability
CO2-neutral production ("gate-to-gate") since 2020 and carbon-neutral products ("cradle-to-gate") by 2025. Foster additional ecological sustainability projects
Social Sustainability
Further promote Corporate Social Responsibility projects
Digitalisation will fundamentally change our value creation
inoviga GmbH is a think tank outside the operative business
Driving force behind digitalization projects
Develops prototypes and tools for digital business models
Current topics:
eCommerce
Digitalized product development & production
Smart Services
Electrification of cars creates new applications
Electrification is an opportunity for FUCHS to further strengthen its market leadership with technically advanced solutions
Electrification of cars will lead to new applications and higher requirements for existing applications
Regardless of the powertrain type, every car needs a variety of other lubricant applications
Combustion engines will face further efficiency improvements leading to higher requirements of existing lubricants (e.g. higher protection against deposits for turbocharged engines, higher heat and ageing stability for more compact engines)
Hybrid cars with efficient combustion engines will place complex requirements for existing applications but also create new demand for new applications
EVs will place whole new demand on gear oils, coolants, greases (e.g. contact with electrical currents and electromagnetic fields, higher heat emission, reduction gears with less gear steps and higher input speeds)
FUCHS is used to quickly adapting to new market demands and is working on concrete methods to meet the challenges of the future mobility
Lubricant applications in passenger cars
In modern cars there are more than 30 different types of greases
Lubricant applications in passenger cars
Electrification brings a variety of opportunities for FUCHS
Compressor oil for heatpump / air condition
Products, which are needed independent from propulsion type are not shown
Long-term objective:
Focus on Shareholder Value
Organic growth through strict customer focus, geographic expansion and product innovation
Improve operating profitability through margin and mix management, operating cost management and efficiency improvements
Cash allocation priority
Unique track record for continued profitability and added value
Sales (in € mn)
Earnings After Tax (in € mn)EBIT (in € mn)
FVA (in € mn)
EBITEBIT margin
Development EBIT - Cost of Capital - FVA
€ mn 450 400
350 300 250 200 150 100 50
0
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
Cost of Capital = CE x WACC
Stable Sales in 2019
€ mn | 2015 | 2016 | 2017 | 2018 | 2019 | Δ 18/19 |
Sales | 2,079 | 2,267 | 2,473 | 2,567 | 2,572 | 0.2% |
Gross Profit | 791 | 851 | 882 | 899 | 890 | -1.0% |
Gross Profit margin | 38.1% | 37.5% | 35.7% | 35.0% | 34.6% | -0.4%-points |
Other function costs | -467 | -499 | -526 | -542 | -580 | 7.0% |
EBIT before at Equity | 324 | 352 | 356 | 357 | 310 | -13.2% |
EBIT margin before at Equity | 15.6% | 15.5% | 14.4% | 13.9% | 12.1% | -1.8%-points |
At Equity | 18 | 19 | 17 | 26 | 11 | -57.7% |
EBIT | 342 | 371 | 373 | 383 | 321 | -16.2% |
EBIT margin | 16.5% | 16.4% | 15.1% | 14.9% | 12.5% | -2.4%-points |
EBITDA | 381 | 418 | 432 | 441 | 400 | -9.3% |
EBITDA margin | 18.3% | 18.4% | 17.5% | 17.2% | 15.6% | -1.6%-points |
l 61 |
Solid balance sheet and strong cash flow generation
€ mn
Total assets Goodwill Equity Equity ratio
2019 | 2018 | 2017 | 2016 | 2015 |
2,023 | 1,891 | 1,751 | 1,676 | 1,490 |
175 | 174 | 173 | 185 | 166 |
1,561 | 1,456 | 1,307 | 1,205 | 1,070 |
77% | 77% | 75% | 72% | 72% |
€ mn
Net liquidity Operating cash flow Capex
Free cash flow before acquisitions1 Free cash flow
2019 | 2018 | 2017 | 2016 | 2015 |
193 | 191 | 160 | 146 | 101 |
329 | 267 | 242 | 300 | 281 |
154 | 121 | 105 | 93 | 50 |
175 | 147 | 142 | 205 | 232 |
162 | 159 | 140 | 164 | 62 |
1 Including divestments
Regional sales decline 2019
Sales in EMEA, Asia-Pacific and Americas decline slightly
-0% +1% +3%
EMEA
1,579
1,618
-2% +2% +2%
-2% -1% -1%
-Asia-PacificAmericas
718 418 -143
706 409 -166
+2% +0%Consolidation
-
-
-
-
Total
2,572
2,567
+0%
-1%
+1%
+0%
EBIT by regions
2019 (2018)
Cash flow 2019
€ mn | 2019 | 2018 | Δ in € mn | Δ in % |
Earnings after tax | 228 | 288 | -60 | -21 |
Amortization/Depreciation and impairment | 79 | 58 | 21 | 36 |
Changes in net operating working capital (NOWC) | 45 | -48 | 93 | - |
Other changes | -23 | -30 | 7 | -23 |
Capex | -154 | -121 | -33 | 27 |
Free cash flow before acquisitions1 | 175 | 147 | 28 | 19 |
Acquisitions1 | -13 | 12 | -25 | - |
Free cash flow | 162 | 159 | 3 | 2 |
1 Including divestments. | ||||
l 65 |
Net Liquidity
€ mn
450
400
350
300
250
200
150
100
50
0
191 | 193 |
-75
45
-23
228
-131
-13
-22
-7
Net liquidity | Leasing | Earnings after D&A, Imp ./. | NOWC | Other | Other | Net liquidity |
Dec 2018 | tax Capex | changes | changes | Dec 2019 |
Dividend
Acquisitions
Net operating working capital (NOWC)
* In relation to the annualized sales revenues of the last quarter
Quarterly income statement
2017 | 2018 | 2019 | 2020 | ||||||||||||
€ mn | |||||||||||||||
Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | |
Sales | 618 | 629 | 615 | 611 | 643 | 668 | 642 | 614 | 643 | 653 | 656 | 620 | 616 | 504 | 620 |
Gross Profit | 226 | 226 | 215 | 215 | 225 | 239 | 222 | 213 | 217 | 224 | 231 | 218 | 218 | 172 | 225 |
Gross Profit margin (in %) | 36.6 | 35.8 | 35.0 | 35.2 | 35.0 | 35.8 | 34.6 | 34.7 | 33.7 | 34.3 | 35.2 | 35.2 | 35.4 | 34.1 | 36.3 |
Other function costs | -137 | -134 | -129 | -126 | -136 | -140 | -134 | -132 | -142 | -147 | -144 | -147 | -148 | -134 | -137 |
EBIT before at Equity | 89 | 92 | 86 | 89 | 89 | 99 | 88 | 81 | 75 | 77 | 87 | 71 | 70 | 38 | 88 |
EBIT margin before at Equity (in %) | 14.5 | 14.5 | 14.1 | 14.6 | 13.8 | 14.8 | 13.7 | 13.2 | 11.7 | 11.8 | 13.3 | 11.5 | 11.4 | 7.5 | 14.2 |
At Equity | 5 | 4 | 5 | 3 | 3 | 2 | 16 | 5 | 2 | 3 | 2 | 4 | 2 | 2 | 3 |
EBIT | 94 | 96 | 91 | 92 | 92 | 101 | 104 | 86 | 77 | 80 | 89 | 75 | 72 | 40 | 91 |
EBIT margin (in %) | 15.3 | 15.1 | 14.8 | 15.1 | 14.3 | 15.1 | 16.2 | 14.0 | 12.0 | 12.3 | 13.6 | 12.1 | 11.7 | 7.9 | 14.7 |
EBITDA | 107 | 109 | 105 | 111 | 106 | 115 | 118 | 102 | 95 | 98 | 107 | 100 | 92 | 60 | 110 |
EBITDA margin (in %) | 17.4 | 17.3 | 17.0 | 18.2 | 16.5 | 17.2 | 18.4 | 16.6 | 14.8 | 15.0 | 16.3 | 16.1 | 14.9 | 11.9 | 17.7 |
l 68 |
Quarterly figures by region
2019
Sales by company location EBIT before at equity income in % of sales
Income from at equity companies Segment earnings (EBIT)
in % of sales
2020
Sales by company location EBIT before at equity income in % of sales
Income from at equity companies Segment earnings (EBIT)
in % of sales
EMEA
Asia-Pacific
North and South America
FUCHS Group
Q1 171 21 12.3
FY 1,579 156 9.9 11 167 10.6
Q1
Q2
Q3
Q4
400 36 9.0 2 38 9.5
399 39 9.8 3 42 10.5
2 50 12.4
402 48 11.9
378 33 8.7 4 37 9.8
Q2 184 23 12.5
Q3 180 23 12.8
Q4 183 26 14.2
FY 718 93 13.0
- 21 12.3
- 23 12.5
- 23 12.8
- 26 14.2
- 93 13.0
Q1 106 14 13.2
Q2 106 15 14.2
Q3 108 12 11.1
Q4 98 8 8.2
FY 418 49 11.7
- 14 13.2
- 15 14.2
- 12 11.1
- 8 8.2
- 49 11.7
2 77 12.0
Q1 643 75 11.7
3 80 12.3
Q2 653 77 11.8
2 89 13.6
Q3 656 87 13.3
4 75 12.1
Q4 620 71 11.5
FY 2,572 310 12.1 11 321 12.5
EMEA
FUCHS Group
Quarterly sales & EBIT by regions
Asia-Pacific |
Americas |
Consolidation |
FUCHS Group |
Δ Y-o-Y in % |
EBIT (€ mn) |
EMEA |
Sales (€ mn) |
EMEA |
Asia-Pacific |
Americas |
Consolidation |
FUCHS Group |
Δ Y-o-Y in % |
Δ Y-o-Y in % |
Δ Y-o-Y in % |
Δ Y-o-Y in % |
20181 | 2019 | 2020 | ||||||||||||
Q1 | Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY |
415 | 414 | 408 | 381 | 1,618 | 400 | 399 | 402 | 378 | 1,579 | 401 | 289 | 370 | ||
- | - | - | - | - | -4 | -4 | -1 | -1 | -2 | 0 | -28 | -8 | ||
178 | 191 | 173 | 164 | 706 | 171 | 184 | 180 | 183 | 718 | 146 | 174 | 189 | ||
- | - | - | - | - | -4 | -4 | 4 | 12 | 2 | -14 | -5 | 5 | ||
95 | 104 | 105 | 105 | 409 | 106 | 106 | 108 | 98 | 418 | 110 | 71 | 100 | ||
- | - | - | - | - | 12 | 2 | 3 | -7 | 2 | 4 | -33 | -7 | ||
-45 | -41 | -44 | -36 | -166 | -34 | -36 | -34 | -39 | -143 | -41 | -30 | -39 | ||
643 | 668 | 642 | 614 | 2,567 | 643 | 653 | 656 | 620 | 2,572 | 616 | 504 | 620 | ||
- | - | - | - | - | 0 | -2 | 2 | 1 | 0 | -4 | -23 | -5 | ||
20181 | 2019 | 2020 | ||||||||||||
Q1 | Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY |
50 | 51 | 61 | 49 | 211 | 38 | 42 | 50 | 37 | 167 | 43 | 13 | 46 | ||
Δ Y-o-Y in % | - | - | - | - | - | -24 | -18 | -18 | -24 | -21 | 13 | -69 | -8 | |
28 | 28 | 24 | 22 | 102 | 21 | 23 | 23 | 26 | 93 | 17 | 24 | 29 | ||
Δ Y-o-Y in % | - | - | - | - | - | -25 | -18 | -4 | 18 | -9 | -19 | 4 | 26 | |
13 | 17 | 15 | 14 | 59 | 14 | 15 | 12 | 8 | 49 | 12 | 2 | 15 | ||
Δ Y-o-Y in % | - | - | - | - | - | 8 | -12 | -20 | -43 | -17 | -14 | -87 | 25 | |
1 | 5 | 4 | 1 | 11 | 4 | 0 | 4 | 4 | 12 | 0 | 1 | 1 | ||
92 | 101 | 104 | 86 | 383 | 77 | 80 | 89 | 75 | 321 | 72 | 40 | 91 | ||
- | - | - | - | - | -16 | -21 | -14 | -13 | -16 | -6 | -50 | 2 |
1 Previous year's figures adjusted to account for the changes in the organizational and reporting structure
Quarterly sales development split by regions
Organic Growth (in %)
EMEA Asia-Pacific Americas FUCHS Group
External Growth (in %)
EMEA Asia-Pacific Americas FUCHS Group
FX Effects (in %)
EMEA Asia-Pacific Americas FUCHS Group
2019
Q1
Q2
Q3
Q4
FY
-3 -5 8 -1
-3 -6 -2 -3
-1 -1 -1 0
-1 8 -7 0
-2 -1 -1 -1
2019
Q1
Q2
Q3
Q4
FY
- - - -- 3 - 1
- 4 - 1
- 3 1 1
- 2 0 1
2019
Q1
Q2
Q3
Q4
FY
-1 1 4 1
-1 -1 4 0
0 1 4 1
0 1 -1 0
0 1 3 0
2020
2020
2020
The Executive Board
Stefan Fuchs: CEO; Corporate Group Development, HR, PR & Marketing, Strategy, Inoviga GmbH
Dr. Lutz Lindemann: CTO; R&D, Technology, Product Management, Supply Chain, Sustainability, Mining Division, OEM Division
Dr. Timo Reister: Asia-Pacific, Americas, Industrial Division
Dr. Ralph Rheinboldt: Europe, Middle East & Africa, FUCHS LUBRITECH Division
Dagmar Steinert: CFO; Finance, Controlling, Investor Relations, Compliance, Internal Audit, IT (incl. SAP/ERP-Systems), Legal, Tax
Executive Compensation & FUCHS Shares
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Financial Calendar & Contact
Financial Calendar 2021
Investor Relations Contact
March 9, 2021
April 29, 2021
Annual Report 2020 Quarterly statement Q1 2021
May 4, 2021
Annual General Meeting in Mannheim
July 30, 2021
Half-year financial report 2021
October 29, 2021
Quarterly statement Q3 2021
The financial calendar is updated regularly. You can find the latest dates on the webpage atwww.fuchs.com/financial-calendar
FUCHS PETROLUB SE Friesenheimer Str. 17 68169 Mannheimwww.fuchs.com/group/investor-relations
Thomas Altmann
Head of Investor Relationsthomas.altmann@fuchs.com
Andrea Leuser
Manager Investor Relationsandrea.leuser@fuchs.com
Kelvin Jörn
Junior Manager Investor Relationskelvin.joern@fuchs.com
Disclaimer
The information contained in this presentation is for background purposes only and is subject to amendment, revision and updating. Certain statements and information contained in this presentation may relate to future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties. In addition to statements which are forward-looking by reason of context, including without limitation, statements referring to risk limitations, operational profitability, financial strength, performance targets, profitable growth opportunities, and risk adequate pricing, other words such as "may, will, should, expects, plans, intends, anticipates, believes, estimates, predicts, or continue", "potential, future, or further", and similar expressions identify forward-looking statements.
By their very nature, forward-looking statements involve a number of risks, uncertainties and assumptions which could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These factors can include, among other factors, changes in the overall economic climate, procurement prices, changes to exchange rates and interest rates, and changes in 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 presentation and assumes no liability for such. Statements contained in this presentation regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future.
The company does not undertake any obligation to update or revise any statements contained in this presentation, whether as a result of new information, future events or otherwise. In particular, you should not place undue reliance on forward-looking statements, which speak only as of the date of this presentation.
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Fuchs Petrolub SE published this content on 01 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 December 2020 19:20:06 UTC