Fuchs Petrolub SE - Mannheim, Germany-based lubricants manufacturer - Says sales for the first quarter of 2023 were EUR936 million, up 16% from EUR808 million the year prior, driven by higher prices. Earnings before interest and taxes EUR103 million, up 11% from EUR93 million.

Following a "very good" first quarter, Fuchs Petrolub maintains its forecast for the full year. Expects sales revenue of approximately EUR3.6 billion and Ebit of around EUR390 million. In 2022, Fuchs reported sales revenue of EUR3.41 billion and Ebit of EUR365 million.

Current stock price: EUR31.05, down 2.1% in Frankfurt on Friday

12-month change: up 22%

By Sabrina Penty; Alliance News reporter

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