Record First Quarter EBIT
Fuchs SE reported the best first quarter EBIT ever, despite it being slightly under proportionate to sales growth.
5% Sales Growth
Sales increased by 5% year-over-year, driven by both internal growth and the acquisitions of LUBCON, STRUB, and Boss Lubricants.
Successful Acquisitions
The acquisitions of LUBCON, STRUB, and Boss Lubricants contributed significantly to the company's external growth.
Strong Performance in Asia-Pacific
The Asia-Pacific region, particularly China, showed strong growth with an 8% increase in sales and 14% EBIT growth.
Positive Free Cash Flow
Free cash flow was slightly higher than last year, indicating strong cash conversion despite challenging market conditions.
Mercedes-Benz Partnership
The partnership with Mercedes-Benz is expected to significantly boost Fuchs' presence in the U.S. automotive aftermarket.