IN BRIEF: Fuchs Petrolub sees double-digit quarterly sales growth

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Fuchs Petrolub SE - Mannheim, Germany-based lubricants manufacturer - Says sales for the first quarter of 2023 were €936 million, up 16% from €808 million the year prior, driven by higher prices. Earnings before interest and taxes €103 million, up 11% from €93 million.

Following a ‘very good’ first quarter, Fuchs Petrolub maintains its forecast for the full year. Expects sales revenue of approximately €3.6 billion and Ebit of around €390 million. In 2022, Fuchs reported sales revenue of €3.41 billion and Ebit of €365 million.

Current stock price: €31.05, down 2.1% in Frankfurt on Friday

12-month change: up 22%

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