Fuchs Petrolub posts record earnings in 2012

Working on the premise that the global economy will enjoy positive growth in 2013, independent lubricant manufacturer Fuchs Petrolub AG, based in Mannheim, Germany, said it anticipates to increase sales revenues and earnings in 2013.
However, the company said it will not be able to repeat the high growth rates recorded in previous years.
The company set new record levels both for sales revenues and earnings last year, with sales revenues rising by 10% to €1,819 million (US$2,377 million). Earnings before interest and tax (EBIT) and profit after tax both recorded disproportionately high gains. EBIT rose 11% to €293 million (US$383 million), while profit after tax increased 13% to €207 million (US$270 million).
The Group generated free cash flow of around €140 million (US$183 million) and further strengthened its balance sheet.
All figures are still provisional. The company’s complete financial statements for 2012 will be published on March 20, 2013 and presented during the balance sheet press conference.