Fuchs Q4 Profits Down

Independent lubricants blender Fuchs Petrolub SE reported €52 million (U.S. $55.5 million) in earnings after tax for the fourth quarter of 2019, according to its 2019 financial report factsheet, down almost 25 percent from €69 million in 2018’s fourth quarter.

Sales revenues reached €620 million for the quarter, up 1 percent from €614 million in 2018’s fourth quarter.

Fuchs posted €378 million in sales revenues in the Europe-Middle East-Africa region, down 1 percent from €381 million. The company’s revenues in Asia-Pacific rose 12 percent to €183 million, up from €164 million. Sales revenue in North and South America declined almost 7 percent to €98 million, down from €105 million.

The Mannheim, Germany-based company earlier released provisional full-year results, and the annual report confirmed those earlier numbers. For the full year, Fuchs posted €228 million in earnings after taxes, down almost 21 percent from €288 million for 2018. Full-year sales totaled almost €2.6 billion, up slightly from sales for 2018.

Fuchs’ annual report includes a breakdown of sales revenue by product group. The €2.6 million revenue in 2019 included about €1.2 million in automotive lubricants – mainly engine oils, gear oils and shock-absorber fluids – virtually the same as in 2018. Industrial lubricants and specialties – comprised mainly of metalworking fluids, corrosion preventatives, hydraulic and gear oils, greases and other specialty products – accounted for €1.3 million, down slightly from 2018. The other products segment – which mainly includes toll blending, chemical process management and trade activities – accounted for €81 million in 2019, up almost 13 percent from 2018.