Fuchs SE (FUPEF.PK), a German supplier of lubrication solutions, reported that its earnings after tax for fiscal year 2024 increased to 302 million euros from 283 million euros last year. Earnings per ordinary share was 2.29 euros compared to 2.08 euros in the prior year.
But annual sales revenues declined to 3.525 billion euros from 3.541 billion euros last year.
For 2024, FUCHS proposes to the Annual General Meeting a dividend increase by 5%, raising the dividend to 1.17 euros per preference share and 1.16 euros per ordinary share.
The company said it remains confident that it will once more elevate its results to a new peak in 2025. It expects revenue of around 3.7 billion euros and EBIT of around 460 million euros. With this outlook, the company said it is approaching the objectives of its FUCHS2025 Strategy, despite many market-related factors that were unforeseeable years ago.
FUCHS expects to take a step towards the FUCHS2025 target of 500 million euros and generate EBIT of around 460 million euros.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.