FUCHS SE
ISIN: DE000A3E5D64
WKN: A3E5D6
13 September 2024 11:00AM

EQS-News: FUCHS SE signs letter of intent to acquire Swiss lubricant company STRUB & Co. AG

FUCHS SE · ISIN: DE000A3E5D64 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 1987457

EQS-News: FUCHS SE / Key word(s): Acquisition
FUCHS SE signs letter of intent to acquire Swiss lubricant company STRUB & Co. AG

13.09.2024 / 11:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


FUCHS SE signs letter of intent to acquire Swiss lubricant company STRUB & Co. AG

The FUCHS Group, which operates globally in the lubricants industry, today announced that it has signed a letter of intent to acquire the company STRUB & Co. AG as part of a strategic acquisition. Founded in 1921, the family-run company based in Reiden, Switzerland, develops, produces and distributes industrial lubricants and specialties for the Swiss market in particular and is also active internationally.

With the intended takeover, FUCHS will gain direct market access for Switzerland and aims to bundle all existing business activities in Switzerland in one company, including the Swiss subsidiary of the LUBCON Group acquired in April this year. With the successful takeover of STRUB, FUCHS will also have a research and production plant in Switzerland in addition to market access.

A key argument in favor of the acquisition is the similarity of interests and approaches of the two companies. The high level of innovation is a key driving force in the FUCHS business model. Holistic and customized solutions for lubricants and functional fluids are key success factors for FUCHS. STRUB also attaches great importance to the development of customized products. Both companies share a strong customer focus combined with excellent service.

FUCHS expects the transaction to be completed by the end of 2024.

STRUB & Co. AG employs 40 people and generated sales revenues of around EUR 15 million in the financial year 2023.

In the financial year 2023, the FUCHS Group employed 6,200 people and generated sales revenues of EUR 3.5 billion.

Mannheim, September 13, 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/

 

About STRUB & Co. AG
STRUB & Co. AG has stood for quality and innovation in tribology for over 100 years. Founded in 1921 and still in the hands of the Strub family today, the family-owned company combines tradition and experience with forward-looking ideas. With a range of more than 1,600 lubricants, STRUB combines analysis, development and production under one roof. Flexibility, reliability and comprehensive after-sales service are integral components. STRUB offers lubricants and technical cleaning agents that are used worldwide and fulfil the highest demands while striving for environmentally friendly solutions.

 

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.    



13.09.2024 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.
Archive at www.eqs-news.com


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: 1987457

 
End of News EQS News Service

1987457  13.09.2024 CET/CEST

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Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.

The most important financial data at a glance
  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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