Mannheim (dpa -Afx) – The lubricant manufacturer Fuchs (Fuchs SE VZ) has reduced the forecasts for the year after a disappointing second quarter. Among other things, the demand was reserved with the USA due to the customs dispute, the MDAX group said in Mannheim on Tuesday evening. In addition, the overall weak overall economic situation should continue in the second half of the year. On the Tradegate trading platform, the course for the XETRA closure dropped by 2.7 percent.
In the current year, sales and result before interest and taxes (EBIT) are likely to be only at the previous year’s level, it said. So far, Fuchs had expected around 3.7 billion euros (previous year: 3.5) and an EBIT of around 460 million euros (previous year: 434). According to Fuchs, the expectation on the market was last 3.66 billion euros in sales and an EBIT of 459 million euros.
In the first half of the year, sales increased by a good two percent to 1.8 billion euros compared to the same period last year. However, EBIT returned from 218 to 209 million euros. The corresponding value for the second quarter was significantly below the consensus at 101 million. /jha/he
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