Fuchs exceeds growth expectations in the third quarter

Fuchs Petrolub AG, with global operations in the lubricant business, exceeded expectations in the third quarter of 2012. The company reported that both sales revenues and earnings enjoyed double-digit growth. Earnings before interest and taxes were up by 12.3% to €224.2 million (US$285 million) in the first nine months of 2012. Despite the general economic slowdown observed in the second half of the year, important Group companies were able to counter any downturns in their business environment. Barring no significant changes in the overall economic situation in the final quarter of the year, the Group expects EBIT for the financial year to increase by 10% over the previous year’s figure of €264.2 million (US$336 million). (October 23, 2012)