FUCHS Reports Resilient Nine-Month Performance Amidst Market Challenges

FUCHS SE announced a robust performance in the first nine months of 2024 despite facing a demanding market environment. The company reported a slight 1% decline in sales revenues, totaling EUR 2,666 million, attributed primarily to adverse currency effects. However, EBIT saw a 7% increase, rising to EUR 334 million, driven by positive developments across all regions. Earnings per share grew by 10% and 11% for preference and ordinary shares, respectively.

Regionally, the Asia-Pacific segment remained stable with organic growth in China, India, and Australia, while North and South America noted a 15% rise in EBIT despite currency challenges. The EMEA region benefited from increased earnings in Germany and Eastern Europe.

Recent strategic initiatives include the acquisition of the LUBCON Group and the opening of a new production plant for electrolyte solutions in Kaiserslautern. The company's outlook for 2024 remains positive, with expected sales of EUR 3.6 billion and an EBIT around EUR 430 million.