Full Year 2018 Fuchs Petrolub SE Earnings Call Transcript
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a warm welcome as well. So I would like to start with our financial highlights of the year 2018.
And as you can see, we continued to grow. We grew in 2018. And it's the ninth year in a row since the financial crisis that we recorded growth in sales. And we grew by 4% to EUR 2.6 billion. Our EBIT rose by 3% to EUR 383 million and net income even more. As you can see, the earnings per share increased by 7%. There are some more good news for our shareholders as we want to increase our dividend by 4% this year.
If we come now to the next slide, you see that we largely achieved our goals we expected during the year. As already mentioned, sales increased by 4%. And that's far in line with our expectations. Our forecast given at the beginning of the year, we review it regularly. And due to a slowdown in -- mainly in the automotive business in China and in Germany, we adjusted our outlook in October 2018. But at the end, you can see that we achieved all our targets and that we delivered.
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