FUCHS PETROLUB generated record sales revenues and earnings in the financial year 2015. Group sales revenues increased to EUR 2,079 (USD 2,315) million, up EUR 213 million or 11% above the previous year. Adjusted for currency translation effects, the increase was 6%. Pentosin and Statoil Fuel & Retail Lubricants, the two major acquisitions in 2015, contributed EUR 94 million to the growth. Organic sales revenues were at previous year's level.

All three global regions recorded growth in sales revenues. In Europe (+10%), the increase was largely due to acquisitions made, while the gains made in Asia-Pacific, Africa (+13%), as well as in North and South America (+12%) were primarily due to currency translation effects.

In the financial year 2015, the Group not only recorded its best earnings before interest and tax (EBIT) of EUR 342 million compared to EUR 313 the previous year, but also its highest earnings after tax in the company's history of EUR 236 million compared to EUR 220 the previous year.

The acquisitions were entirely financed from free cash flow. At the end of 2015, net liquidity was EUR 101 million compared to EUR 186 the previous year

Compared to the end of 2014 the workforce increased by 711 to 4,823 employees. 649 of these new employees resulted from the acquisitions made.

FUCHS anticipates further increases to both sales revenues and earnings in all regions for the financial year 2016. This is based on forecasts indicating overall positive global economic development for 2016.

FUCHS PETROLUB will publish the final figures for the financial year 2015 on March 22, 2016.