FUCHS SE
FPE
ISIN DE000A3E5D56 / Valor 113114341
FUCHS SE
UMushroom community rating:
About company
FUCHS SE, founded in 1931 as a family business in Mannheim, is now the world's largest independent supplier of innovative lubrication solutions, with 6,000 employees in over 50 countries. The company's goal is to provide lubricants that reduce friction, wear, and energy consumption, ultimately helping customers reduce operating costs and emissions. FUCHS' sustainable technologies aim to lower the CO2 footprint in various applications, making them a crucial component of future sustainable technologies. Sustainability is at the core of FUCHS' business philosophy, driving all entrepreneurial activities towards keeping the world moving both sustainably and efficiently.
Summarized from source with an LLMView SourceSector: EnergyLatest Results (14.08.2024):
Revenue Decline
In the first half of 2024, FUCHS SE reported sales revenues of €1,764 million, which is a 3% decrease compared to the same period in 2023. This decline was primarily attributed to price and currency effects.
EBIT Improvement
FUCHS SE achieved an EBIT of €218 million in H1 2024, marking a 9% increase from the €200 million reported in H1 2023. This improvement was driven by positive earnings contributions from all three world regions.
Regional Performance
The EMEA region saw a 4% decline in sales revenues to €1,027 million, while the Asia-Pacific region experienced a slight decrease to €485 million due to currency effects. The North and South America region reported a 3% drop in sales revenues to €341 million, also impacted by negative exchange rate effects.
Profit Growth
FUCHS SE's earnings after tax for H1 2024 were €155 million, a 10% increase from the €141 million reported in H1 2023. This growth was reflected in the earnings per ordinary share, which rose to €1.17, and the earnings per preference share, which increased to €1.18.
Employee Increase
As of June 30, 2024, FUCHS SE's global workforce grew to 6,427 employees, an increase of 260 employees compared to the same date in 2023. This growth includes the integration of new colleagues from the acquisition of the LUBCON Group.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
2139 M
Market cap (USD)
22,051
Daily traded volume (Shares)
31.4 / 30.95
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
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