"Continued growth, sales increase by 6% to 2.9 billion euros,

"The pre-tax profit rate to 401 million euros, pre-tax profit margins to 14% interest;

"Net profit to 236 million euros,

"Loans out structure significant improvement; About 3.5 billion euros high-yield bonds and loans is successful

FuLe shares up in 2012 excellent start. "Although external challenges, we continue to increase in the first quarter of 2012 is still keep the successful trend. Sales growth of 6%, faster than the market growth again. Our success will be the profit level in stable high level. FuLe shares up the chief executive officer about root ? M ? cover Dr singh (Dr. Juergen m. Geissinger) said.
 
2012 years ago FuLe up three months sales increase by about 6% to 2.9 billion euros. Auto and industrial two divisions of sales growth are faster than the market rate. Car sales department to grow by around 6%, to about 1.9 billion euros; Industry sales department also increased by almost 6%, more than 900 million euros. The fastest growth is North America, growth is 17%, the second, up 14%, and the German growth was 9%. Germany in Europe and South America outside sales fell 3% and 7% respectively.
 
As previously expected in the first quarter of 2012 (EBIT) carry pre-tax profits for 401 million euros, a year of super average 472 million euros a slightly lower, this is because the capacity expansion and growth and the pre-production spending be caused by. Interest rates for pre-tax profit margins to 14%, compared to 17.5% last year. Net income (not including the control rights) for 236 million euros (438 million euros for the same period last year. In the same period last year, including 156 million euros interest rate derivatives fair value change.
 
Pieces of operating cash flow FuLe compared to the same period last year a little increase, capital spending increased more than two times. 244 million euro cash is used for investment, and last year for 114 million euros. The key area of investment is still Asia, 2011 years of construction projects in China and India, continue to improve the value of the local increase proportion. The first quarter of 2012 to 107 million euros ($) free cash flow of spending (in the same period last year for 11 million euros income), used for capital expenditures and refinancing plan produce one-time transaction cost.
 
At the end of the first quarter of the net debt of around 7.2 billion euros (the end of last year for 7.1 billion euro). 1 released in debt financing plan again in the quarter substantially completed has. "At first the debt financing solutions to improve the company's loan expires cycle. In the capital market FuLe up successfully issued about 3.5 billion euros high-yield bonds and loans, effective expanded the financing channel." FuLe up shares the company's chief financial officer, Klaus LuoSenFei DE (Klaus Rosenfeld) said. "The first quarter negative cash flow from high level of capital expenditure and one-time transaction costs. We will achieve this year is expected to the positive cash flow company."
 
Outlook 2012

FuLe up each market performance is differ. Although cars and industry in North America and Asia market continues to grow, the European market situation is not optimistic. But since 2012, a good start, giving up FuLe will obtain the growth targets last year. Cover dr singh said: "every region and market performance is differ, but worldwide, we still see a solid development opportunities. Expect 2012 annual targets will be able to achieve sales growth of more than 5%, and more than 13% interest pre-tax profit margins."




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