Flowserve delivers solid performance in first half amid continued tough market conditions

FUCHS delivers solid first-half amid continued tough market environment

29.07.2022 / 07:00

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Flowserve delivers solid performance in first half amid continued tough market conditions

● Sales revenue increased by 16% or EUR 229 million year-on-year to EUR 1.64 billion (1,411)

● Growth driven primarily by price and currency

● Earnings (EBIT) at EUR 180 million, 6% below last year's strong first half (191)

● High external uncertainties, difficult to estimate the annual development

● Forecast assuming no worsening of the crisis situation: Inflation-related sales in FY2022 at the upper end of the range of EUR 300-3.3 billion; EBIT in FY22 Lower end of the €390 million range (unchanged)