Key Developments: Fuchs Petrolub AG (FPEG_p.DE)
24 May 2013
Latest Key Developments (Source: Significant Developments)
Fuchs Petrolub AG announced that it expects business operations to improve slightly and therefore maintains its target of achieving organic growth in sales revenues in the low single-digit percentage range for the fiscal year 2013. However, it remains to be seen how currency exchange rates will develop. Based on the aforementioned assumptions, which predict that the overall economic situation will not change considerably, FUCHS still expects to record an increase in earnings before interest and tax (EBIT) for the fiscal year 2013. Full Article
Fuchs Petrolub AG announced that its Executive Board has decided to propose a dividend of EUR 1.30 per preference share and EUR 1.28 per ordinary share for the fiscal year 2012 to the Annual General Meeting scheduled for May 8, 2013. This would correspond to an increase of 30% for the preference share. Full Article
Fuchs Petrolub AG announced that it has confirmed its outlook for fiscal year 2012. The Company is striving to exceed the earnings before interest and tax of EUR 264.2 million achieved in the previous year. In light of the economic risks, however, the earnings recorded in the first half of the year should not simply be extrapolated over the full fiscal year 2012. According to I/B/E/S estimates, analysts on average are expecting the Company to report fiscal year 2012 EBIT of EUR 279.57 million Full Article
HONG KONG, Jan 29 - An Asia hedge fund run by former Nomura Holdings Inc trader Benjamin Fuchs returned 31.6 percent last year as bets on credit markets paid off, making it one of the best performing Asian funds led by a high-profile trader.