Fuchs (FPE3) Investor presentation summary

Business model and market position

• Leading independent supplier of lubricants with a global presence in over 50 countries and 71 operating companies.

• Offers a full range of over 10,000 lubricants and related specialties, serving more than 25 industries.

• Maintains close customer relationships, supported by 42 production locations worldwide.

• Family ownership ensures stability, with 58% of ordinary shares held by the founding family.

• Focuses on technology and innovation leadership, leveraging R&D hubs in China, Germany, and the US.

Financial performance and targets

• H1 2025 sales rose 2% year-over-year to €1.804 billion, with EBIT down 4% to €209 million due to higher costs.

• Free cash flow before acquisitions increased to €81 million, up €12 million year-over-year.

• FY 2025 outlook expects sales, EBIT, and FVA to remain at prior year levels, with sales around €3.525 billion and EBIT at €434 million.

• Maintains a long-term EBIT margin target of 15% and a mid-single-digit annual sales growth rate.

• 23 consecutive years of dividend increases, positioning the preference share as a leading dividend aristocrat in Germany.

Regional performance

• EMEA sales up 1% in H1 2025, with growth in South Africa offsetting declines in Germany and other European regions; EBIT down 3%.

• Asia-Pacific sales up 4%, driven by strong specialty business in China; EBIT up 16%.

• Americas sales up 3%, but EBIT down 26% due to mix changes and cost increases, with significant negative currency effects.