Independent blender Fuchs Petrolub AG posted earnings of 220 million (U.S. $250.8 million) for 2014, up 6.4 percent from 218.6 million in 2013. Sales revenue during 2014 reached 1.9 billion, up 2 percent.
For 2014, earnings per ordinary share amounted to 1.57, according to provisional figures released Feb. 20.
Mannheim, Germany-based Fuchs anticipates further increases of both sales revenues and earnings for financial year 2015. This is based on forecasts for 2015 that indicate stronger growth in the global economy than in the previous year, the company stated in its provisional earnings news release.
The company will publish final figures for its 2014 financial year on March 24.