Fuchs Petrolub H1 Sales Revenues Up 26%; Lifts FY EBIT Outlook

Fuchs Petrolub (FUPEF.PK) reported first-half sales revenues of EUR 1.41 billion, an increase of 26%, compared to EUR 1.12 billion generated a year ago. EBIT was up 71% at EUR 191 million above prior year.

Earnings after tax was EUR 136 million compared to EUR 79 million reported in the same period of last year.

Stefan Fuchs, Chairman of the Executive Board of FUCHS PETROLUB SE, said, "...Driven by the automotive industry in China, the region Asia-Pacific again saw the highest growth rates. EMEA and North and South America also improved their performance compared to the first half of 2020, which was burdened by the pandemic."

For the full year, the company currently expects sales revenues to be at the upper end of the EUR 2.7 billion - EUR 2.8 billion range, and EBIT in the range of EUR 350 million - EUR 360 million. Previously, the company expected EBIT between EUR 330 million and EUR 340 million.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Drug major Pfizer has again expanded the earlier two recalls of its anti-smoking Drug Chantix (Varenicline) in the form of tablets, to now include all the lots, for the potential presence of nitrosamine impurity, N-Nitroso- varenicline, at or above the FDA interim acceptable intake limit (ADI), the U.S. Food and Drug Administration or FDA said in a statement. Department store chain Sears is closing down its last store located in its home state of Illinois, CNBC reported. The company, which was founded in Chicago in 1892, plans to shut the shop, located in Simon Property Group's Woodfield Mall, on November 14. Sears' parent company, Transformco, which also manages the real estate, said it plans to maximize the value of the Woodfield Mall property and Amazon said over 1 million people have applied for a job at the tech major as part of its Career Day 2021. Job seekers from more than 170 countries have participated in the virtual event. In addition, more than 2,000 Amazon recruiters offered 30,000 individual career coaching sessions with participants in a single day.
Follow RTT