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Fuchs Petrolub SE cuts full-year earnings forecast by 25%

German independent lubricant manufacturer Fuchs Petrolub SE has reduced its earnings forecast for the current financial year by 25% due to the effects of the global Covid-19 pandemic. The world’s largest independent said that as expected, the group’s sales revenues declined by 14% in the first half of 2020, and earnings before interest and taxes […]

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