German lube blender Fuchs SE saw earnings rise in the third quarter of the year amid rebounding profitability in the Americas market especially.The blender’s earnings before interest and taxes (EBIT) rose to €113mn ($119mn) in the three months to end-September.Profit rose from €97mn during the second quarter and by 13pc from €100mn during the same period last year.Profit rose even as a 6pc fall in costs outpaced a 3pc drop in sales from year-earlier levels.Fuchs’ EBIT margin rose to 12.9pc in response. The margin rose from 10.95pc during the second quarter to the highest since the beginning of 2021.The blender’s profit margin got a boost from higher margins in all its markets, especially North and South America.The region’s profit margin of 13.5pc in the third quarter rose from 11.7pc during the previous three months.Profit margin rose even as the region’s sales held steady in the third quarter from the previous three months and fell by 6pc from year-earlier levels.The region’s profit margin also held firm even as strikes in the automotive industry in the US began to affect Fuchs’ business at the end of the third quarter..Latin America’s Aug lube demand rises
German lube blender Fuchs SE saw earnings rise in the third quarter of the year amid rebounding profitability in the Americas market especially.The blender’s earnings before interest and taxes (EBIT) rose to €113mn ($119mn) in the three months to end-September.Profit rose from €97mn during the second quarter and by 13pc from €100mn during the same period last year.Profit rose even as a 6pc fall in costs outpaced a 3pc drop in sales from year-earlier levels.Fuchs’ EBIT margin rose to 12.9pc in response. The margin rose from 10.95pc during the second quarter to the highest since the beginning of 2021.The blender’s profit margin got a boost from higher margins in all its markets, especially North and South America.The region’s profit margin of 13.5pc in the third quarter rose from 11.7pc during the previous three months.Profit margin rose even as the region’s sales held steady in the third quarter from the previous three months and fell by 6pc from year-earlier levels.The region’s profit margin also held firm even as strikes in the automotive industry in the US began to affect Fuchs’ business at the end of the third quarter..Latin America’s Aug lube demand rises
