Half Year 2026 Fuchs Se Earnings Call Transcript
Key Points
- Strong sales growth of 11% year-over-year, reaching EUR2 billion in H1 2026, driven by robust organic growth and high customer demand.
- EBIT increased by 24% to EUR260 million, with Q2 EBIT up 34% year-over-year, reflecting strong demand and improved profitability.
- Broad-based organic growth across all regions, with Asia Pacific and Americas showing particularly strong EBIT improvements of 42% and significant recovery, respectively.
- Effective management of raw material shortages and cost inflation through a broad sourcing network, enabling reliable customer supply and new customer acquisition.
- Raised full-year EBIT guidance to EUR460-480 million, reflecting confidence in continued strong performance despite market uncertainties.
- Free cash flow before acquisition declined to EUR61 million from EUR81 million, impacted by inflationary buildup of net operating working capital.
- A fire at the Saudi Arabian production site caused severe damage, with no production expected for the remainder of 2026, posing a risk to regional supply and earnings.
- Part of the sales growth is temporary, driven by pre-buying effects and customers switching from competitors, which is expected to reverse in H2 2026.
- Negative currency effects, particularly from the weaker US dollar, continue to burden results, though they are declining.
- Net liquidity dropped significantly to EUR13 million due to dividend payments, acquisition costs, and inflationary pressures, limiting financial flexibility.
Dear ladies and gentlemen, welcome to the half-year results 2026 analyst conference call of Fuchs SE. This conference call will be recorded. (Operator Instructions)
\May I now hand over to Andreas Schaller, Head of Investor Relations at Fuchs SE, who will start the meeting today. Please go ahead.
Thank you, Nadia. Good afternoon, ladies and gentlemen. This is Andreas Schaller speaking. On behalf of Fuchs SE, I wish you a very warm welcome to todayâs conference call on the results of the first half year 2026. We already pre-announced sales and EBIT and the change to guidance for EBIT on Wednesday last week. Today, we will run you through the full set of numbers. With me on the call today is our CEO, Stefan Fuchs, and our CFO, Esma Saglik, and the IR team. As always, Esma and Stefan will run you through the presentation, which is then followed by a Q&A session. All the documents for this call are available on our homepage, and we assume that you have them in front of you. Please be also aware of
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