Published 11th March, 2013
Fuchs Petrolub has revealed record-breaking 2012 sales revenues and earnings.
Provisional figures from the German-based lubes producer indicate sales revenues for 2012 increased to an all-time high, with a 10% leap to €1.8bn ($2.3bn). Earnings before interest and tax (EBIT) and post-tax profits also showed disproportionately high increases.
The company's EBIT lifted 11% from 2011 to €293m ($381m while profits after tax improved by 13% to €207m ($269m).
The Fuchs Board has set ambitious targets for 2013, based on optimism surrounding the global economy. However, it warned shareholders that it would struggle to match the high levels of growth recorded in previous years.