Fuchs Petrolub AG reported 2012 earnings of 207 million (U.S. $273 million) on full-year sales revenue of 1.8 billion, up from 2011 earnings of 183 million on sales of $1.7 billion.
For 2012, earnings per share rose 13.3 percent to $2.90 per ordinary share and $2.92 per performance share. The Mannheim, Germany-headquartered independent lubricant blender also announced that, pending supervisory board approval, it proposed a dividend of 1.30 per preference share and 1.28 per ordinary share for financial year 2012, an increase of 30 percent for the preference share.
Fuchs said it generated 140 million in cash flow for 2012.
Working to the premise that, despite the known issues, the global economy will enjoy positive development in 2013, Fuchs is planning to further increase its sales revenues and earnings for the financial year 2013, the company stated. However, Fuchs will not be able to repeat the high growth rates recorded in previous years.
The company will issue complete financial statements for 2012 on March 20.