Company Announcements

DGAP-Adhoc: FUCHS PETROLUB with decline in sales and earnings in the first half of 2019 - Recovery in the second half of 2019 not visible

Source: EQS
<html xmlns=""><body><table border="0"><tr><td> <p>DGAP-Ad-hoc: <org value="LSE:0LCR" idsrc="" >FUCHS PETROLUB SE</org> / Key word(s): Half Year Results/Forecast<br/> FUCHS PETROLUB with decline in sales and earnings in the first half of 2019 - Recovery in the second half of 2019 not visible <br/><br/> <chron>05-Jul-2019</chron> / <chron>18:41 CET</chron>/CEST<br/> Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.<br/> The issuer is solely responsible for the content of this announcement.<br/><br/></p> <hr/><div> <p><b>FUCHS PETROLUB with decline in sales and earnings in the first half of 2019 - Recovery in the second half of 2019 not visible</b></p> <p>Based on preliminary figures, the <org>FUCHS Group</org> anticipates a decline in sales of -1% to <money>EUR 1.3 billion</money> in the first six month of 2019 and earnings before interest and tax (EBIT) close to 20% below the previous year. The reason for this is the continued global market weakness, particularly in June.</p> <p>In the forecast for the full year 2019, FUCHS has so far anticipated a recovery in the global economy in the second half of the year and a growth of the automotive industry of 1%. From today&apos;s point of view, the expected recovery of the global economy, especially of the automotive industry, is not foreseeable in the second half of the year. This meanwhile affects all markets that are important to us.<br/> For this reason, the Group will not be able to achieve its forecast of sales growth of between +2% and +4% and an EBIT decline of between -8% and -5% for the full year 2019.<br/> An updated outlook for the full year will be published as part of the Half-Year Financial Report 2019 on <chron>August 1</chron>.<br/><br/> Mannheim, <chron>July 5, 2019</chron></p> <p>Contact:<br/> <org value="LSE:0LCR" idsrc="" >FUCHS PETROLUB SE</org><br/> Investor Relations<br/> <person>Thomas Altmann</person><br/> Tel. +49 621 3802-1105<br/><a href=""></a></p> <p><org value="LSE:0LCR" idsrc="" >FUCHS PETROLUB SE</org><br/> Public Relations<br/> <person>Tina Vogel</person><br/> Tel. +49 621 3802-1104<br/><a href=""></a></p> <p><b>Important note</b><br/> This ad hoc release contains statements about future developments that are based on assumptions and estimates by the management of <org value="LSE:0LCR" idsrc="" >FUCHS PETROLUB SE</org>. Even if the management is of the opinion that these assumptions and estimates are accurate, actual future developments and results can differ significantly from these assumptions and estimates due to a variety of factors. These factors can, for example, include changes in the overall economic climate, changes in procurement prices, changes in exchange rates and interest rates, and changes within the lubricants industry. <org value="LSE:0LCR" idsrc="" >FUCHS PETROLUB SE</org> provides no guarantee that future developments and the results actually achieved in the future will match the assumptions and estimates set out in this ad hoc release and assumes no liability for such.</p> <p>&#160;</p> </div> <hr/><p> <chron>05-Jul-2019 CET</chron>/CEST The DGAP Distribution Services include Regulatory Announcements, <org>Financial/Corporate News</org> and Press Releases. <br/>Archive at <a href=""></a><br/></p> <hr/></td> </tr></table><table><tr><td align="left" valign="top">Language:</td> <td align="left" valign="top">English</td> </tr><tr><td align="left" valign="top">Company:</td> <td align="left" valign="top"><org value="LSE:0LCR" idsrc="" >FUCHS PETROLUB SE</org></td> </tr><tr><td align="left" valign="top"/> <td align="left" valign="top">Friesenheimer Str. 17</td> </tr><tr><td align="left" valign="top"/> <td align="left" valign="top">68169 Mannheim</td> </tr><tr><td align="left" valign="top"/> <td align="left" valign="top"><location value="LC/de" idsrc="" >Germany</location></td> </tr><tr><td align="left" valign="top">Phone:</td> <td align="left" valign="top">+49 (0)621 / 3802-0</td> </tr><tr><td align="left" valign="top">Fax:</td> <td align="left" valign="top">+49 (0)621 / 3802-7190</td> </tr><tr><td align="left" valign="top">E-mail:</td> <td align="left" valign="top"><a href=""></a></td> </tr><tr><td align="left" valign="top">Internet:</td> <td align="left" valign="top"><a href=""></a></td> </tr><tr><td align="left" valign="top">ISIN:</td> <td align="left" valign="top">DE0005790430, DE0005790406</td> </tr><tr><td align="left" valign="top">WKN:</td> <td align="left" valign="top">579043, 579040</td> </tr><tr><td align="left" valign="top">Indices:</td> <td align="left" valign="top">MDAX</td> </tr><tr><td align="left" valign="top">Listed:</td> <td align="left" valign="top">Regulated Market in <location value="LU/de..frankf" idsrc="" >Frankfurt</location> (Prime Standard), <location value="LU/de..sttgrt" idsrc="" >Stuttgart</location>; Regulated Unofficial Market in <location value="LU/" idsrc="" >Berlin</location>, <location value="LU/de..dusldf" idsrc="" >Dusseldorf</location>, <location value="LU/de..hambrg" idsrc="" >Hamburg</location>, <location value="LU/de..munich" idsrc="" >Munich</location>, Tradegate Exchange</td> </tr><tr><td align="left" valign="top">EQS News ID:</td> <td align="left" valign="top">837215</td> </tr></table><br/><table border="0"><tr><td align="left" valign="top" colspan="2"/> </tr></table><table border="0"><tr><td align="left" valign="top" colspan="2">&#160;</td> </tr><tr><td align="left" valign="top">End of Announcement</td> <td align="left" valign="top"><org>DGAP News Service</org></td> </tr></table><table border="0"><tr><td> <hr/></td> </tr></table><div> <p>837215&#160;&#160;05-Jul-<chron>2019&#160;CET</chron>/CEST</p> </div> <img src=";application_id=837215&amp;application_name=news&amp;site_id=acquiremedia_html" alt="fncls.ssp?fn=show_t_gif&amp;application_id=837215&amp;application_name=news&amp;site_id=acquiremedia_html" width="0" height="0" border="0"/></body></html>
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