FUCHS raises 2026 outlook as nine-month sales and EBIT climb

FUCHS reported sales revenues up 16% to EUR 3,126 million and EBIT up 25% to EUR 409 million for the first nine months of 2026, with all three regions contributing. Free cash flow before acquisitions fell to EUR 92 million (181) on inflation-driven working capital growth. The company raised its full-year EBIT outlook to around EUR 500 million and sales revenue outlook to around EUR 4.1 billion, while citing supply bottlenecks and high base oil costs.

Key facts

Market context

Base oils are the main feedstock for lubricants, which are formulated into engine oils, industrial oils, hydraulic fluids, greases and metalworking fluids. Demand is driven by automotive and transport maintenance, heavy industry, manufacturing, mining, and energy-related equipment, so lubricant makers track both vehicle activity and industrial output. Base oils are refined from crude oil fractions, which means their cost moves with crude prices, refinery run rates and regional supply balances. When base oil supply tightens, blenders face higher input costs and often pass them on through list-price increases, while distributors and OEM customers may see longer lead times and higher inventory needs. Higher raw material costs also tie up cash in working capital, which can squeeze free cash flow even when reported sales and operating profit grow. Companies with broad regional footprints and diversified end markets are generally better placed to manage such swings than those reliant on a single product or region.

Source: official release on fuchs.com. Summary and context written by Market Krystal.