Fuchs slides in early trade after outlook cut, Q2 miss
ReutersJul 16, 2025 6:38 AM
Shares of Fuchs FPEn.DE fall around 4% in early Frankfurt trade after the German lubricant supplier cut its outlook for 2025 and posted weaker than expected Q2 results
It now expects sales of around 3.5 billion euros ($4.07 billion) and EBIT of around 430 million euros, down from a previous estimate of sales of around 3.7 billion euros and EBIT of around 460 million euros
Preliminary EBIT for Q2 of 2025 is 101 million euros, below analysts' estimate of 112 million euros, according to a consensus compiled by Vara Research, it added
The outlook cut comes from muted demand from customers due to U.S. tariffs, slow industrial production in Europe and ongoing geopolitical tensions, it said
($1 = 0.8606 euros)
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