Published 06th August, 2013
Fuchs bucks the current trend for disappointing second Quarter results.
Unlike the oil majors, chemicals and additives specialist Fuchs' second Quarter figures made encouraging reading. The German-based company revealed a 10% boost in pre-tax earnings of €80.4m ($106m). Sales rose by 1.5% to €468m ($626m) with net income at €55.8m ($74.6m).
The company has said its full-year target is to increase earnings and sales, with new factories in Russia and northern China on schedule to start operations in the second half. It is also looking to new acqusitions to further boost revenue.