Fuchs (FPE3) CMD 2026 summary

Review of previous strategy cycle (FUCHS2025)

• Achieved mid-single-digit sales growth, increasing sales from EUR 2.6 billion to EUR 3.6 billion, mainly through volume, price increases, and strategic acquisitions such as STRUB, LUBCON, Nye, and Boss.

• EBIT grew in line with sales, reaching EUR 435 million in 2025, but fell short of the EUR 500 million and 15% margin targets due to inflation, currency headwinds, and unforeseen global events.

• Segmentation strategy and innovation enabled outperformance in target segments, with Americas and Asia Pacific regions showing strong growth.

• Maintained strong cash generation, returning EUR 1.2 billion to shareholders and investing EUR 300 million in M&A, while keeping CapEx at 2% of sales post-2020.

• Built a resilient, decentralized organization with a strong culture, emphasizing feedback, empowerment, and local decision-making.

Strategic review and foundation

• Built on a growth mindset, open feedback culture, and focus on mega trends: new mobility, sustainability, and digitalization.

• Decentralized organization with strong regional presence and global coordination.

• FUCHS2025 achievements include customer focus, best practice sharing, and cultural development.

• Lessons learned highlight resilience, effective segmentation, and need for further margin expansion.

Financial performance and targets

• Achieved mid-single-digit annual sales growth and average cash conversion rate above 0.8x since 2019.

• EBIT margin improved to over 12%, with a long-term target of 15%.

• Over €1.6bn free cash flow generated since 2019, with >€1.2bn returned to shareholders.

• Dividend increased for 24 consecutive years, averaging +4% p.a.

• 2031 targets: sales €4–4.5bn, EBIT €550–600mn, margin 13–15%, annual dividend increases, and cash conversion ≥0.8x.