Report
Michael B. Schäfer

Fuchs Petrolub SE (pref.) : Ambitious € 500m EBIT 2025 target (+38% vs 2021) in a volume-wise no-growth lubricant market. Short-term challenges remain

>Ambitious EBIT growth target for 2025, short-term inflation challenges remain, trades at 45% discount - We joined the CMD of Fuchs, which set ambitious quantitative targets for 2025, looking for 38% EBIT growth to € 500m vs €363m in 2021. Short-term challenges on cost inflation/pass-through and automotive production headwinds remain, though, triggering the reduced outlook post-Q1, looking for flat y-o-y EBIT around € 363m (ODDO/consensus € 372m/€ 360m). The valuatio...
Underlying
FUCHS PETROLUB SE

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Michael B. Schäfer

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