FUCHS PETROLUB Adjusts FY EBIT Forecast Citing Raw Material Price Hike

(RTTNews) - FUCHS PETROLUB (FUPEF.PK) announced that it anticipates full-year EBIT to be just below or as in the previous year's EUR 371 million, due to the increase of raw material prices and the delayed passing on.

Meanwhile, the company expects an unchanged sales growth in the range of 7 percent to 10 percent. The company expects free cash flow before acquisitions to probably not exceed EUR 150 million due to the significant business-related increase in net operating working capital.

In the first nine months of 2017, the company's sales increased 10 percent to EUR 1.862 billion and earnings before interest and tax rose 2 percent to EUR 281 million.