By Helena Smolak
Shares in Fuchs rose on Friday after the company raised its free cash flow guidance on increased third-quarter earnings.
At 1425 GMT Shares traded 7% higher at EUR37.14.
The lubricant manufacturer said it now expects free cash flow before acquisitions to come in at 380 million euros ($401.4 million) compared with previous expectations of EUR300 million. Fuchs also reaffirmed its full-year revenue and earnings targets.
In the third quarter, earnings before interest and taxes reached EUR113 million, up from EUR100 million a year earlier. Demand in the Europe, Middle East and Africa region drove growth, Fuchs said.
Write to Helena Smolak at helena.smolak@wsj.com
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