Mannheim Germany-based lubricants maker FUCHS PETROLUB SE reported last Tuesday that its earnings after tax increased to 219.9 million euros (US$241 million) from the prior year's 218.6 million euros.

FUCHS PETROLUB SE recorded Group sales revenues of 1,866 million euros in the financial year 2014. This represents year-on-year growth of 34 million euros or 2%. FUCHS achieved organic growth in all three world regions (+3%), particularly due to increased volumes. In addition, acquisitions (+1%) and currency
translation effects (-2%) had an impact.

In terms of earnings, the FUCHS PETROLUB Group was able to repeat the previous year's record values. Earnings before interest and tax or EBIT grew to 313 million euros from 312 million euros in the previous year while earnings after tax were 220 million euros from 219 million euros in the previous year.

The FUCHS PETROLUB Group is planning further growth in sales volumes and revenues for the year 2015. The Group also expects growth in the low-single-digit percentage range for both earnings before interest and tax (EBIT) and earnings after tax. In terms of free cash flow, the Group anticipates the amount to once again exceed 150 million euros.