LIQUI MOLY braves the economic crisis

Sales of German lube oil expert did not drop in 2009

Ulm, January 21, 2010 – Despite economic crisis and car-scrap bonus the LIQUI MOLY group experienced constant sales in 2009. The volume remained with 233 million Euros at the level of 2008.

The LIQUI MOLY group comprises two companies. The LIQUI MOLY GmbH in Ulm generated 147 million Euros, the same as in the previous year. The mineral oil plant MÈGUIN in Saarlouis succeeded in rising sales by one percent to 86 million Euros.

Due to car-scrap bonus many vehicles ended up in the scrap press instead on lifting platforms in workshops. LIQUI MOLY suffered from decreasing order volumes especially at garages not bound to a brand. Nevertheless: “We made everything right in 2009,” says managing partner Ernst Prost. Strong cost awareness helped to overcome rising purchase prices. “We did not need to go into short time or even to lay off staff,” Prost says. In contrast to the development in the industry the number of staff has risen by 58 to 449. During January 2010 there will be hired five additional employees.

The company did not give any comments about earnings. But regarding the economically difficult situation, Prost is “very pleased”.

About LIQUI MOLY

LIQUI MOLY GmbH from Ulm in southern Germany offers a wide variety of high quality products including motor oils, additives, car care products and chemically-based technical solutions for automotive applications. With over 1,000 articles, customers have access to a comprehensive product line. LIQUI MOLY develops and tests its products in its own laboratories, manufactures only in Germany, and markets all of its products by itself. Founded more than 50 years ago the company is among the most distinguished in the industry. In addition to the German market, products are sold in over 90 countries around the globe.

For more information, please contact:
LIQUI MOLY GmbH
Peter Szarafinski
Head of Media Relations International
Jerg-Wieland-Str. 4
89081 Ulm-Lehr
Fon: +49 (0)731/1420-189
Fax: +49 (0)731/1420-82
Peter.Szarafinski@liqui-moly.de

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