DGAP-News: FUCHS PETROLUB SE
/ Key word(s): Miscellaneous
FUCHS confers Sponsorship Award of EUR 50,000 on 13 social projects in Mannheim Sustainable business and innovative developments are important to FUCHS when it comes to social commitment, too. The additional awards introduced in the anniversary year 2019 for a particularly sustainable project and a particularly innovative project were conferred again this year. The "Project of the Year - Sustainability" award was won by the Evangelical Markus-Lukasgemeinde with its vegetable garden where people with dementia, children from the nearby daycare center, and many other people work together. The "Project of the Year - Innovation" award went to the addiction advice service of the Caritasverband and the Diakonisches Werk Mannheim, which developed a joint online advice center. Out of more than 40 applications, 13 award winners have been selected by FUCHS. Willis Towers Watson, FUCHS' insurance broker, is participating with a sponsorship of EUR 5,000 again in 2020 and is supporting one other project.
Projects and award winners in 2020: - Lukas Garden, Markus-Lukasgemeinde (Project of the Year - Sustainability) - Addiction goes online, Caritasverband Mannheim e. V. and Diakonisches Werk Mannheim (Project of the Year - Innovation) - Digital media, Kinderladen Rappelkiste e. V. - Healthcare proxy or living will: What do I need to do? How do I do it right?, Mannheimer Seniorenrat e. V. - Box seats in the Waldhof House, DRK-Kreisverband Mannheim e. V. - Portraits of an 11th-grade class - a remarkable film project, Freie interkulturelle Waldorfschule e. V. - Promoting animal-supported educational projects, Seelenheilen e. V. - School bag, Kiwanis-Club Mannheim-Kurpfalz - Outpatient assisted living rocks the block, SkF Mannheim e. V. - Emerging strong from the crisis, Die Traum-Schmiede gUG - Music therapy for neuro kids - strong against COVID-19, Neurologisch erkrankte Kinder Mannheim e. V. - EmK soup bowl, Evangelisch-methodistische Kirche, Gemeinde Mannheim - Supporting self-help groups - strengthen volunteer work, Regionale Arbeitsgemeinschaft der Selbsthilfegruppen in Mannheim - BeeDifferent, Evangelisches Schifferkinderheim Mannheim e. V. (Prize from Willis Towers Watson) Due to the coronavirus pandemic, the award ceremony was held virtually. A recording of the digital event and further information on the award winners can be found at: www.wgprop.com/fuchs-sponsorship-award/. Mannheim, November 5, 2020 The following information is available online:
05.11.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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.wgprop.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: | 1145552 |
End of News | DGAP News Service |
DGAP-News: FUCHS PETROLUB SE
/ Key word(s): 9 Month figures
FUCHS PETROLUB SE with recovery in third quarter of 2020 - First nine months of 2020 still with significant decline in sales revenues and earnings due to the Covid-19 pandemic Our free cash flow before acquisitions developed positively. It was up significantly year-on-year at EUR 122 million with investments at a lower level than in the previous year despite a decline in earnings. This development confirms our decision to continue our investment program with a sense of proportion even under the current difficult conditions. By the end of September, we invested EUR 89 million in our future. We are looking ahead to the remaining months with cautious optimism and have therefore also revised our forecast for the year. We currently anticipate a decline in earnings in the range of -15%. In July, we had expected a -25% decline," says Stefan Fuchs, Chairman of the Executive Board of FUCHS PETROLUB SE. - Sales revenues in the first nine months down -11% year-on-year at EUR 1,740 million (1,952) - Earnings (EBIT) down -17% at EUR 203 million (246) - New outlook for the current financial year: Earnings decline in the range of -15% (previously: -25%)
FUCHS at a glance
(1) By company location. The effects of the Covid-19 pandemic weakened further during the year. In the third quarter, sales revenues increased significantly compared to the second quarter of 2020. The Asia-Pacific region already posted year-on-year growth in the third quarter, and an upward trend can be seen in the EMEA and North and South America regions. The region Asia-Pacific posts a very good third quarter, exceeding the previous year. With sales revenues of EUR 509 million (535), the decline in sales revenues was reduced to -5% (-10% in the first half year) in the first nine months. Positive external growth (+1%) from the acquisition of a manufacturer of lubricants for the automotive retail sector in Australia was more than offset by negative currency effects (-2%) in almost all countries. After a very good third quarter, the Asia-Pacific region's EBIT increased by 4% to EUR 70 million (67). This positive development was particularly driven by China. In the North and South America region, a clear upward trend was noticeable, particularly due to the upturn on the American market. The region's sales revenues in first nine months were down -12% year-on-year at EUR 281 million (320). Due to acquisitions, the region's external growth was 10% or EUR 32 million. The decline in the region's EBIT was reduced, with EBIT down -29% year-on-year at EUR 29 million (41). Outlook The effects of the crisis on supply chains, production and customer demand cannot be reliably estimated currently. The new forecast is based on the assumption that there will not be any major lockdowns in the key regions for FUCHS in the fourth quarter of 2020. 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. FUCHS PETROLUB SE The following information is available online: Important note
03.11.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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.wgprop.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: | 1144823 |
End of News | DGAP News Service |
DGAP-News: FUCHS PETROLUB SE
/ Key word(s): Acquisition
FUCHS acquires high-performance silicone lubricant manufacturer in the US "For 25 years, PolySi's mission has been to work closely with our customers to develop leading edge products to solve any lubrication challenge. Our consultative approach to grease formulation has offered value to our customers in many industries, including automotive, electrical, plumbing and medical. Integrating with FUCHS will serve to further the reach of our products to the market through the FUCHS sales and distribution networks," says Chuck Leuth, President of PolySi. PolySi employs 21 people and generated USD 9 million (approx. EUR 7.6 million) in sales in its fiscal year 2019, mainly in North America. In 2019, the FUCHS Group accounted for EUR 2.572 billion sales with staff of 5,627. FUCHS LUBRICANTS CO. (USA) generated sales of EUR 294 million with 478 employees. Mannheim, November 2, 2020 FUCHS PETROLUB SE The following information is available online: Important note
02.11.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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.wgprop.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: | 1144784 |
End of News | DGAP News Service |
DGAP-News: FUCHS PETROLUB SE
/ Key word(s): Miscellaneous
FUCHS PETROLUB SE earns recognition as a John Deere "Partner-level Supplier" and "Parts Supplier of the Year" FUCHS was selected for the honor in recognition of its dedication to providing products and service of outstanding quality as well as its commitment to continuous improvement. FUCHS is a supplier of lubricants, engine coolants and greases to John Deere's operation in various countries all over the globe. "We are honored to receive the awards from our long-standing customer John Deere. They are not just a recognition for our excellent products and services but also for our global team of motivated colleagues who have contributed to this through their outstanding commitment," comments Stefan Fuchs, Chairman of the Executive Board of FUCHS PETROLUB SE. Mannheim, October 22, 2020 FUCHS PETROLUB SE The following information is available online: Important note
22.10.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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.wgprop.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: | 1142294 |
End of News | DGAP News Service |
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 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
15-Oct-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
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.wgprop.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 |
DGAP-News: FUCHS PETROLUB SE
/ Key word(s): Acquisition
FUCHS strengthens specialty business by acquiring the lubricants business of WELPONER SRL, Italy The FUCHS Group, which operates globally in the lubricants industry, acquired the lubricants business of WELPONER SRL in Bolzano, Italy, as of October 1, 2020, and will integrate it into its subsidiary FUCHS LUBRIFICANTI S.P.A. As a longstanding trading partner of FUCHS, WELPONER generated sales revenues of around EUR 4 million in the financial year 2019. The acquisition includes the customer base and the workforce in particular. WELPONER's business complements FUCHS' existing business in Italy. This bundling of sales channels makes FUCHS LUBRIFICANTI S.P.A. a central and authoritative partner for all lubricants and related specialties in Italy. Mannheim, October 1, 2020 FUCHS PETROLUB SE The following information is available online: Important note
01.10.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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.wgprop.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: | 1137963 |
End of News | DGAP News Service |
DGAP-News: FUCHS PETROLUB SE
/ Key word(s): Product Launch
FUCHS launches product line FUCHS BluEV for e-mobility "We are definitely breaking new ground at FUCHS with the concept of a 'product line'," says Joerg Wehrle, Vice President Global Product Management Strategy, emphasizing the importance of e-mobility for the Group. "So far, we have operated only with product brands. The new product line will cover all products and solutions that are geared especially towards e-mobility, across all product groups, areas of application, and industries." The FUCHS BluEV line will be presented in the context of the Tech Day, which will take place on August 27, 2020, in Shanghai, China, and then gradually rolled out worldwide. Mannheim, August 27, 2020 FUCHS PETROLUB SE The following information is available online: Important note Additional features: File: FUCHS BluEV is optimally adapted to the requirements of a wide range of e-mobility applications - from lubrication and thermal management to various special products such as protection coatings for anti-corrosion.
27.08.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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.wgprop.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: | 1123689 |
End of News | DGAP News Service |
DGAP-News: FUCHS PETROLUB SE
/ Key word(s): Half Year Results
FUCHS PETROLUB SE posts significant decline in sales revenues and earnings in first half of 2020 due to COVID-19 pandemic - Continued very sound balance sheet structure and sufficient liquidity FUCHS once again benefited from its global presence: When the crisis began in China in February and continued there in March, the EMEA and North and South America regions were not yet affected or were only slightly affected at the end of the first quarter. By contrast, when the wave fully hit the western world in April and May, a clear upward trend was already emerging in Asia, which then continued with a strong June. Our widely diversified product portfolio was also helpful: In many countries, FUCHS was classified as a system-critical company, resulting in only temporary plant closures in a few smaller plants. Significant declines were observed among customers in the automotive industry, however, the areas of specialty applications and aftermarket business benefited from the changed conditions. Finally, the high share of material costs and the relatively low share of fixed costs provided some breathing room regarding sales revenues. By using short-time work or similar work models, introducing a hiring and travel freeze, and systematically implementing further cost-saving measures, the effects of the crisis on our earnings were further mitigated. All this was achieved without having to consider structural adjustments among our loyal permanent staff. We also still have a sound balance sheet structure and a secure financial position. Our equity ratio remains at a very high level of 75%. In this context, we have intensified our activities around our FUCHS2025 initiative and achieved important milestones. Our investment program continues: We thus invested around EUR 58 million in the first six months of this year alone. The effects of the crisis on supply chains, production and customer demand cannot be reliably estimated currently. A second pandemic wave and an associated further decline in demand due to a recession could have a negative impact on the economic development of FUCHS. Based on today's assessment of the effects of the COVID-19 pandemic we have determined a new forecast for the financial year 2020 and expect a drop in earnings in the range of 25%." Stefan Fuchs, Chairman of the Executive Board of FUCHS PETROLUB SE - Development of sales revenues and earnings heavily impacted by COVID-19 pandemic - Sales revenues down by 14% at EUR 1,120 million - Earnings (EBIT) decline disproportionately by 29% to EUR 112 million - New outlook for the current financial year: earnings decline in the range of 25%
FUCHS at a glance
(1) By company location. As expected, the COVID-19 pandemic spread to both the EMEA region and North and South America in the second quarter. By contrast, a clear upward trend was already emerging in the Asia-Pacific region, where the effects of the COVID-19 pandemic lessened over the course of the first half of the year. The Asia-Pacific region recorded a decline in sales revenues of 10% to EUR 320 million (355). The effects of the COVID-19 pandemic in this region lessened over the course of the half-year period, with June reaching the pre-crisis level thanks to China. Positive external growth (+2%) from the acquisition of a manufacturer of lubricants for the automotive retail sector in Australia was offset by negative currency effects (-2%), particularly from the Australian dollar. The Asia-Pacific region's EBIT saw a comparatively small decrease of 7% to EUR 41 million (44). The North and South America region posted a decline in sales revenues of 15% to EUR 181 million (212). After a weak first quarter, the effects of the COVID-19 pandemic are intensifying the organic decreases in sales revenues. Due to acquisitions, the region's external growth came to 10% or EUR 21 million. The region's EBIT was particularly heavily impacted and halved to EUR 14 million (29). Outlook Based on today's assessment of the effects of the COVID-19 pandemic, FUCHS has determined a new forecast for the financial year 2020 and expects a drop in earnings in the range of 25%. The effects of the crisis on supply chains, production and customer demand cannot be reliably estimated currently. A second pandemic wave and an associated further decline in demand due to a recession could have a negative impact on the economic development of FUCHS and is not taken into account in the current forecast for the full year. 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. - Global strength "By 2025 we want to achieve sustainable revenue growth at a 15% EBIT margin and corresponding FUCHS Value Added growth. We will focus on a market segment approach to increase market penetration and further expand our range of comprehensive lubrication solutions. We want to position ourselves as a technology leader. Our goal is to hold a leading position in all relevant core segments. To achieve this, we use the broad range of our portfolio to serve our customers as a full-line supplier. In the Asia-Pacific and Americas regions, we aim to achieve overproportionate growth and thus create a balance between our three world regions. We want to be the employer of choice for existing and future employees. We have also achieved CO2 neutrality "gate-to-gate" in 2020 and are preparing to offer climate-neutral products "cradle-to-gate" by 2025. Overall, we see considerable growth potential for the future based on this approach," says Stefan Fuchs, CEO FUCHS PETROLUB SE. FUCHS PETROLUB SE The following information is available online: Important note
30.07.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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.wgprop.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: | 1105547 |
End of News | DGAP News Service |
DGAP-News: FUCHS PETROLUB SE
/ Key word(s): Personnel
Supervisory Board extends Stefan Fuchs's Executive Board appointment The contracts with Dr. Lutz Lindemann (60), Dr. Timo Reister (41), Dr. Ralph Rheinboldt (53), and Dagmar Steinert (55) are in place until December 31, 2023. Mannheim, July 28, 2020 FUCHS PETROLUB SE The following information is available online: Important note
28.07.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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.wgprop.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: | 1103475 |
End of News | DGAP News Service |
FUCHS PETROLUB SE / Key word(s): Change in Forecast/Preliminary Results FUCHS PETROLUB SE announces new earnings outlook for the current financial year As expected, in the first half of 2020, FUCHS recorded sales revenues of 14% and earnings (EBIT) of 29% below the previous year. In April 2020, FUCHS PETROLUB SE suspended the outlook for the current year as a result of the considerable impact of the COVID-19 pandemic. Based on today's assessment of the effects of the COVID-19 pandemic, FUCHS has determined a new forecast for the financial year 2020 and expects a drop in earnings in the range of 25%. The effects of the crisis on supply chains, production and customer demand cannot be reliably estimated currently. A second pandemic wave and an associated further decline in demand due to a recession could have a negative impact on the economic development of FUCHS and is not taken into account in the current forecast for the full year. 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 half-year financial report 2020 will be published as scheduled on July 30, 2020. Mannheim, July 27, 2020 Contact FUCHS PETROLUB SE Important note
27-Jul-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
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.wgprop.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: | 1102681 |
End of Announcement | DGAP News Service |
DGAP-News: FUCHS PETROLUB SE
/ Key word(s): AGM/EGM
FUCHS virtual Annual General Meeting 2020 - All agenda items approved by a large majority - 18th consecutive dividend increase to EUR 0.97 per preference share and EUR 0.96 per ordinary share At the FUCHS PETROLUB SE virtual Annual General Meeting 2020, which took place today, the FUCHS shareholders approved all the agenda items by a large majority. 99.99% voted in favor of the proposed dividend payment of EUR 0.97 per preference share and EUR 0.96 per ordinary share. This corresponds to an increase of 2 cents per share compared to the previous financial year. The actions of the Executive Board and the Supervisory Board were approved by 99.99% and 99.96%, respectively. 99.99% of shareholders also accepted the proposal to appoint PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft, Frankfurt am Main, as auditor of the annual financial statements and auditor of the consolidated annual financial statements for the 2020 financial year. In addition, the proposal regarding the remuneration of the Supervisory Board of FUCHS PETROLUB SE was approved by 85.67%, while the remuneration system for the members of the Executive Board was approved by 86.39%. The Nomination Committee's proposals for filling Supervisory Board positions were followed by the shareholders with a large majority. The shareholders thus confirmed Dr. Kurt Bock (98.37%), Dr. Susanne Fuchs (98.19%) and Ingeborg Neumann (88.04%) as shareholder representatives and elected Dr. Christoph Loos (99.88%) as a new member of the Board. Furthermore, Cornelia Stahlschmidt and Jens Lehfeldt were appointed to the Supervisory Board as employee representatives. Following the Annual General Meeting, the new Supervisory Board of FUCHS PETROLUB SE elected Dr. Kurt Bock as its Chairman and Dr. Susanne Fuchs as its Deputy Chairwoman at its constituent meeting. Ingeborg Neumann was elected as Chairwoman of the Audit Committee. Authorization to acquire own shares was also granted. 99.62% of ordinary shareholders (preference shareholders: 91.21%) approved the anticipatory resolution, which is valid until May 4, 2025. In addition, a resolution regarding amendments to the Articles of Association was passed by 99.98%. More than 800 shareholders participated in the virtual Annual General Meeting of FUCHS PETROLUB SE. A total of 82.36% of the ordinary shares with voting rights and 55.78% of the preference shares were represented. Together this equates to 69.08% of the share capital. A detailed overview of the voting results can be found on the company's website at www.wgprop.com/group under Investor Relations and then under Annual General Meeting 2020. Mannheim, May 5, 2020 FUCHS PETROLUB SE The following information is available online: Important note
05.05.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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.wgprop.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: | 1036327 |
End of News | DGAP News Service |
DGAP-News: FUCHS PETROLUB SE
/ Key word(s): Quarterly / Interim Statement
FUCHS achieves slightly lower sales revenues in the first quarter of 2020 - solid financial basis forms a foundation for further development We are expecting a significant drop in sales revenues and earnings in the second quarter, which will probably continue in the second half of the year, although hopefully at a slower pace. FUCHS is well-positioned to respond to the crisis and has a solid financial basis. The stability and structure of our balance sheet form a solid foundation for the further development. There is a positive effect from the low proportion of fixed costs and the high proportion of raw materials, which gives us breathing room regarding sales revenues. In addition, FUCHS is once again benefiting from its global presence and broad-based product portfolio. For example, we are seeing signs of recovery after the sharp downturn in China in the first quarter, which is helping to mitigate declines in other regions." Stefan Fuchs, Chairman of the Executive Board of FUCHS PETROLUB SE - Sales revenues: -4% to EUR 616 million - Earnings (EBIT) down 6% to EUR 72 million - COVID-19: Impact still comparatively small in Q1 - Significant uncertainty regarding statements on future development: FUCHS at a glance
1 By company location. Sales revenues and earnings The income statement for the first three months of the year is influenced by the positive upward trend in the gross margin from the previous year, with gross profit increasing slightly despite the decline in sales revenues related to COVID-19. EBIT was down 6% year-on-year at EUR 72 million (77). Earnings after tax declined by 7% to EUR 51 million (55). Earnings per ordinary share were EUR 0.36 (0.39), and earnings per preference share were EUR 0.37 (0.39). Free cash flow before acquisitions was significantly lower than in the previous year at EUR -4 million (13). This was not only due to an increase in net operating working capital, but also to the high level of investment in non-current assets of EUR 31 million (34). There was positive EBIT growth in the region EMEA due to high internal deliveries from Germany to China at the start of the year and significant earnings increases in Poland. In addition to a significant slump in business in China in February in the region Asia-Pacific, EBIT is also being impacted by declining sales revenues in the automotive and mining industries in the region North and South America and by bad debt losses in North America. In the region EMEA, EBIT rose by 13% to EUR 43 million (38). The Asia-Pacific region's EBIT decreased by 19% to EUR 17 million (21) and the EBIT of the region North and South America by 14% to EUR 12 million (14). Outlook As a consequence of the COVID-19-pandemic, FUCHS also will be unable to meet its expectations for the full year as published in March. The difficult market environment is set to deteriorate in the second quarter of the year, in which we are expecting a significant drop in earnings in the order of 50%. This represents a significant decline in earnings of around 30% year-on-year for the first half of the year. This statement is subject to great uncertainty. The effects of the crisis on supply chains, production and customer demand cannot currently be reliably estimated. A further or prolonged decline in demand due to the recession could have a negative impact on FUCHS' economic development. Our solid capital and balance sheet structure is the basis for an appropriate liquidity position. Enough precautions have been taken to maintain liquidity, even after dividend payments. Further forecasts for the rest of the year are not possible under the current circumstances. Mannheim, April 30, 2020 FUCHS PETROLUB SE The following information is available online: Important note
30.04.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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.wgprop.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: | 1033217 |
End of News | DGAP News Service |
DGAP-News: FUCHS PETROLUB SE
/ Key word(s): Sustainability
Joint News Release - Jointly executed Eco-Efficiency Analysis: Cradle-to-grave analysis to holistically assess environmental and economic aspects of hydraulic fluids For more than 10 years FUCHS has continuously been driving its sustainability strategy as contribution for climate protection within the lubricant industry. BASF, a longstanding component partner of FUCHS, has a solid history of success in the area of environmental protection. With a recent Eco-Efficiency Analysis (EEA) for different mineral oil based hydraulic fluids, jointly executed by FUCHS and BASF's global business unit Fuel and Lubricant Solutions, the two partners have now established a strong case for a holistic real fact-based sustainability assessment of lubricants-hydraulic fluids. Contrary to the currently dominant cradle-to-gate approach, which only assesses a partial product life cycle until a product has been manufactured, the evaluation of different hydraulic fluids was conducted employing a cradle-to-grave approach when assessing the environmental and economic aspects of the involved products in their full life cycle from sourcing of the raw materials, over production, their use phase and the disposal. Holistically considering the products' full life cycle around the usage in a crawler excavator, the findings of the EEA study clearly indicated the lower environmental impact and lower overall cost especially in use of the studied premium HVLP fluid (high performance multigrade hydraulic oil) versus standard HLP fluid (monograde hydraulic oil). This advantage is mainly based on an improved diesel fuel economy throughout the use phase - primarily due to improved volumetric fluid efficiency lower friction and lower fluid mass circulation ratio - which clearly overcompensates a slightly higher environmental footprint of these products in the cradle-to-gate phase. The improved fuel economy was enabled mainly through the higher hydraulic fluid efficiency of the specific fully formulated multigrade hydraulic oils. "With this study we are jointly pioneering the assessment of sustainability aspects within the lubricant industry," said Dr. Lutz Lindemann, Chief Technology Officer, FUCHS PETROLUB SE. "We really value the broad competencies around sustainability and analytical methods which BASF has brought to the table to make it happen in combination with practical, realistic and application relevant FUCHS know-how. FUCHS and BASF are currently looking at further cases to jointly evaluate, but also at application cases for BASF's sustainable product portfolio of lubricant components." "Sustainability is at the core of our business," added Dr. Julia Frey, Vice President Business Management EMEA Fuel and Lubricant Solutions, BASF SE. "As a leading solution provider to the industries we serve, it is our aspiration to continually, together with our partners, advance the implementation of a fact-based approach to the topic within the fuel and lubricant sector." This study is a first example that demonstrates on the one hand the superior relevance of a cradle-to-grave versus a cradle-to-gate assessment and on the other hand the positive impact of a special designed multigrade high VI (viscosity index) hydraulic fluid on such a cradle-to-grave analysis. The fluids investigated were all mineral oil based hydraulic fluids of different quality levels. Further beneficial impacts on EEAs can be expected upon usage of ester based, so called biodegradable ester based (HEES) hydraulic fluids. Such fluids are known to inherently possess high shear stable VIs and in addition lead to lower friction compared to standard mineral oil-based fluids. Another environmental benefit is their biodegradability. Investigations with such ester-based fluids could be a next step.
BASF Fuel and Lubricant Solutions is part of BASF's Performance Chemicals division. The division's portfolio also includes Plastic Additives, Kaolin Minerals, as well as Oilfield and Mining Solutions. Customers from a variety of industries including Chemical, Plastic, Consumer Goods, Energy & Resources and Automotive & Transportation benefit from our innovative solutions. To learn more visit http://www.performancechemicals.basf.com.
27.04.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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.wgprop.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: | 1030059 |
End of News | DGAP News Service |
DGAP-News: FUCHS PETROLUB SE
/ Key word(s): AGM/EGM
FUCHS will conduct the Annual General Meeting as a purely virtual Annual General Meeting ("Online AGM") on May 5, 2020 at 10.00 a.m. In order to ensure that all known agenda items of the Annual General Meeting, such as the election of the Supervisory Board members, the resolution on the appropriation of profits and the associated dividend payment, can be resolved promptly, the Executive Board and the Supervisory Board have decided to make use of the new legal regulations. In this way, FUCHS is able to guarantee all its shareholders sufficient planning security even in the current uncertain times. The Annual General Meeting of FUCHS PETROLUB SE will take place as a purely virtual meeting on the originally planned date, May 5, 2020 at 10.00 a.m. In accordance with the new legal regulations, the invitation will be published on April 9, 2020. After registering in due time, shareholders can follow the entire Annual General Meeting online and exercise their voting rights in advance by electronic postal vote or by granting power of attorney and instructions to the company's proxies. Both options are also possible online until the voting starts. Questions to the Executive Board can be submitted electronically up to two days before the Annual General Meeting. Further details will be included in the invitation. FUCHS once again expressly thanks the government which, in the current difficult situation, has implemented a relevant legislative package within a very short time. Mannheim, April 6, 2020 FUCHS PETROLUB SE The following information is available online: Important note
06.04.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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.wgprop.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: | 1015735 |
End of News | DGAP News Service |
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19.03.2020 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | FUCHS PETROLUB SE |
Friesenheimer Str. 17 | |
68169 Mannheim | |
Germany | |
Internet: | www.wgprop.com/gruppe |
End of News | DGAP News Service |
1. Details of the person discharging managerial responsibilities / person closely associated
a) Name
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b) LEI
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19.03.2020 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | FUCHS PETROLUB SE |
Friesenheimer Str. 17 | |
68169 Mannheim | |
Germany | |
Internet: | www.wgprop.com/gruppe |
End of News | DGAP News Service |
1. Details of the person discharging managerial responsibilities / person closely associated
a) Name
2. Reason for the notification a) Position / status
b) Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name
b) LEI
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e) Date of the transaction
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19.03.2020 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | FUCHS PETROLUB SE |
Friesenheimer Str. 17 | |
68169 Mannheim | |
Germany | |
Internet: | www.wgprop.com/gruppe |
End of News | DGAP News Service |
1. Details of the person discharging managerial responsibilities / person closely associated
a) Name
2. Reason for the notification a) Position / status
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b) LEI
4. Details of the transaction(s) a) Description of the financial instrument, type of instrument, identification code
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d) Aggregated information
e) Date of the transaction
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19.03.2020 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | FUCHS PETROLUB SE |
Friesenheimer Str. 17 | |
68169 Mannheim | |
Germany | |
Internet: | www.wgprop.com/gruppe |
End of News | DGAP News Service |
1. Details of the person discharging managerial responsibilities / person closely associated
a) Name
2. Reason for the notification a) Position / status
b) Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name
b) LEI
4. Details of the transaction(s) a) Description of the financial instrument, type of instrument, identification code
b) Nature of the transaction
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d) Aggregated information
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19.03.2020 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | FUCHS PETROLUB SE |
Friesenheimer Str. 17 | |
68169 Mannheim | |
Germany | |
Internet: | www.wgprop.com/gruppe |
End of News | DGAP News Service |
DGAP-News: FUCHS PETROLUB SE
/ Key word(s): Annual Results
FUCHS confirms preliminary figures for the financial year 2019: Sales revenues of EUR 2.6 billion at previous year's level, EBIT 16% below previous year - Sales revenues: +0% to EUR 2.6 billion - Earnings (EBIT): -16% to EUR 321 million - Dividend proposal: +2% to EUR 0.97 per preference share - Annual General Meeting postponed
(1) By company location; previous year figures comparable In the 2019 financial year, FUCHS' sales revenues of EUR 2.6 billion (2.6) remain stable at the high level of the previous year. Earnings before interest and tax (EBIT) decreases by 16% to EUR 321 million (383). On a comparable basis, excluding the one-off effect from the sale of the trading joint venture in Switzerland in 2018, EBIT is -13% or EUR 50 million below the previous year (371). The decline in earnings at constant sales is due to the planned increase in the cost base, the growth and investment program and the decline in volume as a result of the weak economic environment. The region Europe, Middle East and Africa (EMEA) was the focus of the expansion and modernization measures, accounting for around 60% of the expenditure. The largest single investment in the region was in Sweden where the construction of a new plant is well underway. In Kaiserslautern, the construction of a new high-bay warehouse, new production and office space was completed, and work continued on a new polyurea specialty grease plant, with which Kaiserslautern will further expand its position as a location for specialty lubricants. At the Mannheim site, work continued on optimizing internal processes in various ways and the tank farm was modernized and expanded. The UK continued the construction of its new raw material warehouse, while in Russia, construction work began on the plant expansion. Investments of EUR 31 million were carried out in Asia-Pacific. FUCHS opened one of its most modern production plants with an automated high-bay warehouse and fully automated production in Wujiang, China. It replaces the previous plant in Shanghai and has almost twice the capacity. The administration and research and development laboratories remaining in Shanghai were expanded in 2019. Around EUR 22 million was invested in the region North and South America. In the US, work at the Harvey site continued on a plant for the production of lubricants for OEM customers as well as the modernization of the metalworking fluids plant, and investments were made in additional office space. In Kansas City the modernization of the site continued. Outlook The extensive investments in production plants and IT infrastructure will continue as part of our growth strategy, and research and development activities will also be strengthened. One of the objectives is to actively shape the increasingly complex requirements of the future. Given the profitability and financial strength of the Group, this process, which temporarily involves higher cost increase than earnings increase, will continue despite the slowdown in the global economy. FUCHS plans to invest EUR 120 million, particularly in Germany, the US, China, South Africa, Russia and Sweden. Capital employed will continue to increase and the net working capital required for the growing volume of business will also rise. For the 2020 financial year, FUCHS therefore anticipated a free cash flow before acquisitions of EUR 130 million when the annual financial statements were prepared. This expectation also does not take into account the negative effects of the coronavirus on the global economy. Postponement of the Annual General Meeting 2020 due to the coronavirus pandemic Mannheim, March 19, 2020 The following information is available online: Important note
19.03.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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.wgprop.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: | 1001285 |
End of News | DGAP News Service |
DGAP-News: FUCHS PETROLUB SE
/ Key word(s): Preliminary Results
FUCHS publishes preliminary figures for 2019 financial year: Sales revenues at previous year's level at EUR 2.6 billion, EBIT 16% below previous year - Sales revenues: +0% at EUR 2.6 billion - EBIT down -16% to EUR 321 million - Dividend proposal: +2% to EUR 0.97 per preference share FUCHS at a glance - preliminary figures
(1) By company location; previous year figures comparable (2) Including divestments Sales revenues and earnings Earnings before interest and taxes (EBIT) declined by 16% to EUR 321 million (383). On a comparable basis, excluding the one-off effect from the sale of the trading joint venture in Switzerland in 2018, EBIT was -14% or EUR 50 million below the previous year (EUR 371 million). The disproportionately high decline in earnings in relation to sales revenues in the 2019 reporting year is attributable both to the scheduled increase in the cost base as a result of the growth and investment program and to the decline in volume resulting from the weak economic environment. Goodwill amortization of EUR 6 million also had a negative impact on EBIT. Earnings after tax decreased by 21% to EUR 228 million (288), largely as a result of higher withholding taxes on dividends. Earnings per ordinary and preference share were EUR 1.63 (2.06) and EUR 1.64 (2.07) respectively. On an organic basis, the Asia-Pacific region declined by 1% due to the lower demand in the automotive sector. Taking into account positive currency effects (+1%) from translation into the Group currency, the euro, and the acquisition of a lubricant manufacturer in the automotive retail sector in Australia, sales revenues in the region rose by 2% or EUR 12 million to EUR 718 million (706). At EUR 93 million (102), EBIT was down on the previous year. The North and South America region increased its sales revenues by 2% to EUR 418 million (409) in the reporting year. The negative organic growth of -1% was offset by a positive currency effect of 3%. The region's EBIT of EUR 49 million (59) was down on the previous year. Employees The number of employees in the Asia-Pacific region rose by 37, while the EMEA region added 89 employees. In North and South America, the number of employees increased by 55 compared to December 31, 2018. Outlook and complete figures Mannheim, February 20, 2020 FUCHS PETROLUB SE The following information is available online: Important note
20.02.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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.wgprop.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: | 979437 |
End of News | DGAP News Service |
DGAP-News: FUCHS PETROLUB SE
/ Key word(s): Acquisition
FUCHS successfully completes the acquisition of Nye Lubricants Inc., a high-performance specialty synthetic lubricant manufacturer in the US After having received all the required regulatory approvals, the acquisition was closed today. With this acquisition the FUCHS Group further expands its specialty lubricants product portfolio, offering engineered solutions across multiple markets while creating opportunities to serve new high-end, critical applications. The business will continue to be operated out of its Fairhaven, Massachusetts, location. Nye employs 180 people and generated USD 51 million (approx. EUR 46 million) in sales in its fiscal year 2018, throughout North America, Europe and Asia. In 2018 the FUCHS Group accounted for EUR 2,567 million sales with staff of 5,446. FUCHS LUBRICANTS CO. (USA) generated sales of EUR 284 million with 420 employees. Mannheim, January 24, 2020 FUCHS PETROLUB SE The following information is available online: Important note
24.01.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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.wgprop.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: | 960921 |
End of News | DGAP News Service |
DGAP-News: FUCHS PETROLUB SE
/ Key word(s): Miscellaneous
FUCHS strengthens market presence in Switzerland through intensified trading partnerships The FUCHS Group, which operates globally in the lubricants sector, has been present on the Swiss market for more than 40 years. After FUCHS sold its 50% share in a local joint venture in August 2018, the Swiss market is now being served directly by local trading partners. FUCHS has been able to win three renowned and experienced trading partners for future sales in Switzerland: The lubricant specialist ASEOL SUISSE AG, the LAVEBA cooperative and the chemical-technical heat transfer specialist S. AFFOLTER. FUCHS thus ensures complete market coverage across all customer groups in Switzerland. ASEOL SUISSE AG in Steffisburg will distribute industrial lubricants and lubricants for special applications throughout Switzerland as a trading partner for FUCHS. In addition, ASEOL SUISSE AG will take over the distribution of automotive FUCHS lubricants in Western, Central and Southern Switzerland. The LAVEBA cooperative in St. Gallen takes over the distribution of automotive FUCHS lubricants for Eastern Switzerland. The more than 25 years lasting proven partnership with the company S. AFFOLTER in Schmitten for the distribution of FUCHS refrigeration oils will be continued. Mannheim, December 18, 2019 FUCHS PETROLUB SE About FUCHS Important note
18.12.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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.wgprop.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: | 938833 |
End of News | DGAP News Service |
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16.12.2019 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | FUCHS PETROLUB SE |
Friesenheimer Str. 17 | |
68169 Mannheim | |
Germany | |
Internet: | www.wgprop.com/gruppe |
End of News | DGAP News Service |
1. Details of the person discharging managerial responsibilities / person closely associated
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2. Reason for the notification a) Position / status
b) Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name
b) LEI
4. Details of the transaction(s) a) Description of the financial instrument, type of instrument, identification code
b) Nature of the transaction
c) Price(s) and volume(s)
d) Aggregated information
e) Date of the transaction
f) Place of the transaction
16.12.2019 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | FUCHS PETROLUB SE |
Friesenheimer Str. 17 | |
68169 Mannheim | |
Germany | |
Internet: | www.wgprop.com/gruppe |
End of News | DGAP News Service |
DGAP-News: FUCHS PETROLUB SE
/ Key word(s): Joint Venture
FUCHS strengthens presence in Sub-Saharan Africa through joint ventures The FUCHS Group, which operates globally in the lubricants industry, has acquired 50% of the shares of three distributors based in Zimbabwe, Zambia and Mozambique. FUCHS has been working with these partners for more than 15 years. After the recent establishment of a FUCHS entity in Tanzania, these acquisitions further strengthen the footprint of FUCHS in Sub-Saharan Africa. The joint ventures employ 90 people and generated sales of around EUR 21 million in the 2018 financial year. "Customers in these countries, who require lubricants and services in fields like mining, commercial vehicle fleets, general industry, agriculture, food and beverage, consumer products and other specialty applications will benefit locally from even stronger lubricants focus supported by international resources," says Alf Untersteller, Executive Vice President FUCHS PETROLUB SE. The wholly owned FUCHS entity FUCHS SOUTHERN AFRICA has developed these three Sub-Saharan distributors over more than a decade. "The distributors have done an excellent job in building the FUCHS brand in their countries and the timing is now right for FUCHS to take an equity stake in the businesses. Additionally, FUCHS sees significant importance in the development of Africa, where it also contributes sizeable efforts to the sustainable social development of the continent," says FUCHS SOUTHERN AFRICA Managing Director, Paul Deppe. "FUCHS has invested significantly in South Africa in recent time through the acquisitions of LUBRITENE, LUBRASA and OPTIFLOW in 2014 and investments in a state of the art, fully automated grease manufacturing plant which opened in 2018 at its manufacturing hub in Isando, Johannesburg. This will supply markets in Africa and is also part of our current global growth initiative investing in existing and new plants focused on capacity increase in line with advanced technology. Further plant expansions are already being planned," says Stefan Fuchs, Chairman of the Executive Board of FUCHS PETROLUB SE. Mannheim, December 5, 2019 FUCHS PETROLUB SE Important note
05.12.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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.wgprop.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: | 929511 |
End of News | DGAP News Service |
1. Details of the person discharging managerial responsibilities / person closely associated
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4. Details of the transaction(s) a) Description of the financial instrument, type of instrument, identification code
b) Nature of the transaction
c) Price(s) and volume(s)
d) Aggregated information
e) Date of the transaction
f) Place of the transaction
07.11.2019 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | FUCHS PETROLUB SE |
Friesenheimer Str. 17 | |
68169 Mannheim | |
Germany | |
Internet: | www.wgprop.com/gruppe |
End of News | DGAP News Service |
1. Details of the person discharging managerial responsibilities / person closely associated
a) Name
2. Reason for the notification a) Position / status
b) Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name
b) LEI
4. Details of the transaction(s) a) Description of the financial instrument, type of instrument, identification code
b) Nature of the transaction
c) Price(s) and volume(s)
d) Aggregated information
e) Date of the transaction
f) Place of the transaction
06.11.2019 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | FUCHS PETROLUB SE |
Friesenheimer Str. 17 | |
68169 Mannheim | |
Germany | |
Internet: | www.wgprop.com/gruppe |
End of News | DGAP News Service |
DGAP-News: FUCHS PETROLUB SE
/ Key word(s): Acquisition
FUCHS acquires Chemicals Process Management business in North America The FUCHS Group, which operates globally in the lubricants sector, is acquiring the business of ZIMMARK INC. The Burlington, Ontario, Canada based company is a service company offering value added services in the lubricants and Chemicals Process Management (CPM) space. With this acquisition the FUCHS Group expands its service portfolio in the industrial lubricant market and will deploy its processes where applicable throughout its other global divisions. The business will operate as a separate Chemicals Process Management (CPM) Division of FUCHS' North American industrial business. "Today's larger sophisticated customers are looking for an integrated partnership with their lubricant supplier inclusive of a service offering complimenting a fluid solution to their challenges. FUCHS offers many Chemicals Process Management (CPM) programs throughout Europe and China. We will use ZIMMARK's Technical Process Management (Z-TPM), focusing on rigorous control plans, as a nucleus to grow the service component of the business in the United States," says Keith Brewer, President & CEO of FUCHS LUBRICANTS CO., USA. "The acquisition, and especially the ZIMMARK team, will significantly enlarge our service offering capability to existing business along with offering value added services to new customers using FUCHS' marketplace presence." The transaction will be effective November 1, 2019. ZIMMARK employs 60 people and generated EUR 4 million in sales in its fiscal year 2018, all of that in North America. In 2018 the FUCHS Group accounted for EUR 2,567 million sales with staff of 5,446. FUCHS LUBRICANTS CO., USA made EUR 284 million sales with 420 employees. Mannheim, November 1, 2019 FUCHS PETROLUB SE Important note
01.11.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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.wgprop.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: | 901637 |
End of News | DGAP News Service |
DGAP-News: FUCHS PETROLUB SE
/ Key word(s): Interim Report
FUCHS generates sales revenues at previous year's level in the first nine months; decline of 17% in earnings is less significant than expected "After a disappointing second quarter, we are satisfied with the results of the past months. We achieved organic growth of EUR 1 million in the third quarter. Our strict cost control is starting to yield results without negatively impacting the modernization and expansion of our plants. EBIT for the first nine months was down 17% year-on-year. The decline was thus not as significant as we had feared back in July. In this context, we are specifying our outlook for 2019 as a whole and expect sales and EBIT to be at the upper end of the forecast.
(1) Prior-year figures adjusted.
The EBIT of the regions was significantly negatively impacted by the planned increase in costs as a result of the growth and modernization program. In EMEA, EBIT fell by 20% to EUR 130 million (162). On a comparable basis, the decrease amounted to 13%. The Asia-Pacific region's EBIT was down 16% year-on-year at EUR 67 million (80). In the North and South America region, EBIT declined by 9% to EUR 41 million (45). Outlook Important note
30.10.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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.wgprop.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: | 899553 |
End of News | DGAP News Service |