FUCHS posts 11% H1 sales growth to EUR 2,003m and raises EBIT outlook

H1 2026 headline results

FUCHS reported sales revenues of EUR 2,003 million in the first half of 2026, an 11% increase versus the prior year, and EBIT of EUR 260 million, up 24% with an EBIT margin of 13.0% (11.6% prior year). Earnings after tax rose to EUR 178 million and basic earnings per ordinary and preference share improved to EUR 1.35 and EUR 1.36 respectively. EBIT includes a EUR 7 million one‑time gain from a land sale and a high‑single‑digit million non‑cash expense linked to the initial consolidation of the former Turkey joint venture.

Regional performance

EMEA sales rose to EUR 1,156 million (+11%), supported by the Turkey transaction and broad organic growth. Asia‑Pacific sales reached EUR 567 million (+12%), with EBIT up to EUR 91 million driven by China and Australia (including a EUR 7 million land‑sale gain). Americas sales were EUR 376 million (+7%), with EBIT improving to EUR 52 million versus a weak prior period.

Cash flow and outlook

Free cash flow before acquisitions was EUR 61 million, down from EUR 81 million, mainly due to inflation‑driven increases in net working capital. FUCHS confirms sales revenue guidance of significantly above EUR 3.7 billion (inflation‑driven) and raises its 2026 EBIT outlook to EUR 460–480 million; it expects free cash flow before acquisitions to be significantly below EUR 270 million.

Risks and drivers

The company cites pre‑buying and competitor supply issues as drivers of Q2 strength, while the conflict in the Middle East is constraining availability and lifting prices of certain base oils and raising energy and logistics costs. FUCHS highlights its global production, procurement and development network and the completed Turkey acquisition as mitigation factors under its FUCHS100 strategy.