Sam Perry's questions to Fuchs Petrolub SE/ADR (FUPBY) leadership • Q3 2023
Question
Inquired about the conservatism of the EBIT guidance, the business exit rate in Europe for Q3 into Q4, and capital allocation priorities for the upcoming year, especially concerning the share buyback program.
Answer
The EBIT guidance is conservative due to uncertainties from U.S. auto strikes and geopolitical risks in the Middle East. European performance is expected to remain strong with no slowdown seen in order intake. The preferred use of capital is M&A, and a decision on extending the share buyback has not yet been made.