FUCHS PETROLUB AG reported last Friday that it set new record levels both for sales revenues and earnings. Sales revenues increased by 10% to EUR 1,819 million (provisional) in 2012 compared with EUR 1,652 million in 2011. Earnings before interest and tax (EBIT) and profit after tax both recorded disproportionately high gains. EBIT rose 11% to EUR 293 million compared with EUR 264 million in 2011, while profit after tax increased 13% to EUR 207 million compared with EUR 183 million in 2011.

The Group generated free cash flow of around EUR 140 million compared with EUR 59 million in 2011.

FUCHS stated it is planning to further increase its sales revenues and earnings for the financial year 2013. However, the company says it will not be able to repeat the high growth rates recorded in previous years.

The complete financial statements for 2012 will be published on March 20, 2013.