Germany's Fuchs 9-month EBIT rises, lifts 2026 outlook

Overview

• Germany lubricants supplier's 9-month sales revenue up 16% to EUR 3,126 mln

• EBIT for first nine months rose 25% to EUR 409 mln, all regions contributed

• Free cash flow before acquisitions fell 49% due to inflation-driven working capital increase

Outlook

• FUCHS raises 2026 EBIT outlook to around EUR 500 mln, up from EUR 460–480 mln

• Company now sees 2026 sales revenues at around EUR 4.1 bln, previously 'significantly above EUR 3.7 bln'

• FUCHS expects free cash flow before acquisitions to remain significantly below EUR 270 mln in 2026

Result Drivers

• SALES VOLUME AND INFLATION - Co said higher sales volumes and inflation drove sales revenue growth

• REGIONAL ORGANIC GROWTH - All regions contributed with strong organic growth, per company statement

• INFLATION IMPACT ON CASH FLOW - Inflation-driven increase in net operating working capital led to lower free cash flow

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the commodity chemicals peer group is "buy."

• Wall Street's median 12-month price target for Fuchs Se is €43.00, about 12.4% above its October 29 closing price of €38.25

• The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 15 three months ago

Reuters Recommended Reads

• Oct 29 - Germany's Wacker Chemie's Q3 core profit nearly doubles on cost cuts; keeps outlook

• Oct 29 - Germany's Wacker Chemie Q3 EBITDA nearly doubles on cost savings

• Oct 29 - Eastman Chemical Q3 revenue, profit miss analyst estimates on higher costs

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)