FUCHS SE
ISIN: DE000A3E5D64
WKN: A3E5D6
16 September 2024 04:47PM

EQS-News: FUCHS and E-Lyte open the first German production plant for electrolyte solutions in Kaiserslautern

FUCHS SE · ISIN: DE000A3E5D64 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 1988849

EQS-News: FUCHS SE / Key word(s): Alliance
FUCHS and E-Lyte open the first German production plant for electrolyte solutions in Kaiserslautern (news with additional features)

16.09.2024 / 16:47 CET/CEST
The issuer is solely responsible for the content of this announcement.


FUCHS and E-Lyte open the first German production plant for electrolyte solutions in Kaiserslautern

On September 13, 2024, the first German production plant for electrolyte solutions was officially opened at the FUCHS site in Kaiserslautern. With a production volume of up to 20,000 tons of electrolyte per year, E-Lyte Innovations GmbH is setting a significant milestone in the production of high-performance electrolytes for lithium-ion batteries, sodium-ion batteries and supercapacitors. A large part of this production is made directly available to the market for battery electric vehicles.

In May 2022, the FUCHS Group, which operates globally in the lubricants industry, acquired 28% of the shares in E-Lyte Innovations GmbH. With this investment, FUCHS has entered the fast-growing market for electrolytes, which are becoming increasingly important as an essential component of lithium-ion batteries for e-mobility, among other things, especially in Europe. By implementing this project, E-Lyte has established itself as the first German company to be able to offer the European battery market one of the most important components from European production.

Together, the strategic partners have created the necessary production infrastructure in Kaiserslautern to enable E-Lyte to industrialize, scale up and grow further. The production plant is not only one of the most modern of its kind, but also revolutionizes the process of electrolyte production. The highly automated system controls the supply of raw materials precisely and cleanly. Thanks to this efficient system, significantly fewer solvents are required for cleaning, which not only significantly reduces production costs but also the waste produced. This makes the entire process more sustainable and environmentally friendly - one reason why the construction of the plant was funded by the German Environmental Innovation Programme.

“With this cooperation, we wanted to break new ground in the field of new mobility,” says CEO Stefan Fuchs, explaining his company's motives for the strategic partnership. “With E-Lyte, we have expanded our field of expertise and entered the battery market - a new area outside of traditional lubricants. With our expertise in the field of lubricants and functional fluids, we can now cover the entire demand along the life cycle of a battery.”

The FUCHS CEO was particularly impressed by the speed with which E-Lyte has developed from a German start-up to a major European player in the battery market: “We are proud to have supported the development of this state-of-the-art production plant for customized electrolytes as a strong partner with process and production expertise.” It is great that this pioneering role has also been recognized by the nomination for the German Entrepreneur Award. E-Lyte is one of the top 3 finalists in the “Rising Star” category; the award ceremony will take place on September 24, 2024 at the ZDF Capital Studio in Berlin.

Mannheim, September 16, 2024


FUCHS SE
Public Relations
Einsteinstraße 11
68169 Mannheim
Telefon +49 621 3802-1104

E-Mail: tina.vogel@fuchs.com


The following information can be accessed via the Internet:
Image and video material: https://www.fuchs.com/gb-en/photo-gallery/

 

Additional information
First international conference on fluids in batteries: Solutions & Fluids for Batteries Conference (SFBC) on September 12, 2024 in Kaiserslautern -
As part of the opening of the new production plant for electrolyte solutions, the world's first specialist conference dealing exclusively with fluids in and around batteries took place in Kaiserslautern on September 12, 2024. The “Solutions & Fluids for Batteries Conference” (SFBC) was organized by the FUCHS subsidiary FUCHS LUBRICANTS GERMANY GmbH and E-Lyte Innovations GmbH. Around 120 participants benefited from the presentations, which dealt with electrolytes and fluids for innovative energy storage solutions and aimed to shed light on the role of these important components in the energy transition.

 

About FUCHS
Founded in 1931 as a family business in Mannheim, FUCHS is now the world's largest independent supplier of innovative lubrication solutions, covering almost every industry and application. Today, the company's 6,200 employees in over 50 countries still share the same goal: to keep the world moving both sustainably and efficiently. To live up to this claim, we think in terms of perfection, not merely standards. When developing individual solutions, we enter into an intensive customer dialogue – acting as an experienced consultant, innovative problem solver and reliable team partner. In 2023, the high-tech company generated revenue of EUR 3.5 billion with 33 production sites and 55 operating companies.


Additional features:

File: E-Lyte Opening Ceremony - Stefan Fuchs - CEO FUCHS SE, Ralf Wagner - CEO E-Lyte, Beate Kimmel - Mayor of Kaiserslautern, Ingo Höllein - Head of Division Battery Research BMBF
File: Ralf Wagner, CEO E-Lyte, Stefan Fuchs, CEO FUCHS
File: Stefan Fuchs


16.09.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: FUCHS SE
Einsteinstraße 11
68169 Mannheim
Germany
Phone: +49 (0)621 / 3802-0
Fax: +49 (0)621 / 3802-7190
E-mail: ir@fuchs.com
Internet: www.fuchs.com/gruppe
ISIN: DE000A3E5D64, DE000A3E5D56
WKN: A3E5D6, A3E5D5
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Tradegate Exchange
EQS News ID: 1988849

 
End of News EQS News Service

1988849  16.09.2024 CET/CEST

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  2018 2019 2020 2021 2022 2023 2024e
Sales1 2.567,00 2.572,00 2.378,00 2.871,00 3.412,00 3.541,00 3.600,00
EBITDA1,2 441,00 400,00 393,00 449,00 459,00 511,00 535,00
EBITDA-Margin3 17,18 15,55 16,53 15,64 13,45 14,43 14,86
EBIT1,4 354,00 321,00 313,00 363,00 365,00 413,00 430,00
EBIT-Margin5 13,79 12,48 13,16 12,64 10,70 11,66 11,94
Net Profit (Loss)1 288,00 222,00 221,00 254,00 260,00 283,00 297,00
Net-Margin6 11,22 8,63 9,29 8,85 7,62 7,99 8,25
Cashflow1,7 267,00 329,00 360,00 169,00 128,00 543,00 0,00
Earnings per share8 2,06 1,64 1,59 1,83 1,88 2,06 2,27
Dividend per share8 0,95 0,97 0,99 1,03 1,07 1,11 1,16
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

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INVESTOR-INFORMATION
©boersengefluester.de
Fuchs VZ
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
A3E5D6 DE000A3E5D64 SE 4.786,74 Mio € 30.01.1985 Kaufen 8FXCGF85+QJ
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
18,36 22,05 0,83 23,14 3,30 10,06 1,35
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
1,07 1,11 1,16 2,78%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
07.05.2025 30.04.2025 31.07.2025 30.10.2024 21.03.2025
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
+1,02%
41,68 €
ATH 51,91 €
-2,80% -1,72% +3,42% +3,63% +1.367,61%

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