Report
Fuchs Petrolub SE (pref.) : Outlook lowered on Russia/Ukraine/China; Q1 slightly better
>12% group organic sales in Q1 was good, but APAC halved growth q/q - Organic sales growth of 12% pushed sales to € 808m (ODDO/cons € 794m/€ 800m) fuelled by sticking price initiatives but c. 3% lower volumes y/y, up 16% y/y on a reported basis and +9% q/q. Organic growth rates across regions differ, showing initial slowdown in APAC growth to 4.7% organic growth in Q1 22 vs. 8.5% y/y in Q4 21. Europe reported 14.3% organic sales growth vs. America's at 18%. §...
Underlying
FUCHS PETROLUB SE
Provider
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.
Michael B. Schäfer
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