Latest

Fuchs Petrolub: course drop is not a surprise

Fuchs Petrolub published the first very rough figures for the first half of the evening. Further dates will follow on July 30th. Accordingly, sales decrease by 14 percent and EBIT decrease by 29 percent. In terms of earnings, this roughly meets the expectations of the market; in terms of sales, the consensus had expected slightly better values.

Fuchs Petrolub is again making a rough forecast for 2020. However, this is only valid as long as there is no second pandemic wave. According to this, EBIT 2020 should decrease by around 25 percent to 240 million euros. So far, the market has been expecting EUR 255 million, and DZ Bank analysts also anticipated EUR 255 million.

They therefore want to revise and adapt their model according to the coming half-year figures. They are currently making a recommendation to sell Fuchs Petrolub shares. The target price remains at EUR 32.50.

The auto industry continues to be weak. This should also have an impact on Fuchs Petrolub’s business.

Fuchs Petrolub shares today lost 2.0 percent to EUR 37.54. According to the current forecast, the minus is not surprising.

Tags

Related Articles

Back to top button
Close
Close