22,60 €
22,60 €

INVESTORS

REGULATED INFORMATION

Rubis: robust performance – net profit: +31%

 

September 8, 2016

Rubis’ Supervisory Board, at its meeting of September 8, approved the financial statements for the six months to June 30, 2016.

The first half of 2016 was characterized by robust growth of 23% in overall business by volume (+5% at constant scope). This growth enabled the Group to recognize a record level of net profit, Group’s share, at €104 million, an increase of 31% (+10% at constant scope).

KEY FIGURES FOR THE FIRST HALF OF 2016

As of June 30 (€ million) 2015 2016 Change
Revenue 1,297 1,453 +12%
Gross operating profit (EBITDA) 151 213  +41%
Current operating profit (EBIT), of which 111 160  +44%
   Rubis Énergie – Retail Distribution 81 112 +38%
   Support and Services   16  33 +105%
   Storage 23 24 +5%
Net profit, Group’s share 80 104 +31%
Cash flow 113 165 +45%
Capital expenditure 64 76

The results were driven by Rubis Énergie (fuel distribution), where volumes rose by 28% due to the consolidation of additions to the scope in Africa (bitumens and fuel oils) and excellent commercial performance on its existing perimeter (+5%), despite a disappointing winter season in Europe.

Overall, Rubis Énergie’s EBIT rose by 38% (+11% at constant scope).

Rubis Support and Services, which now houses the refining (Sara) and logistics-supply (shipping, trading) businesses, doubled its net profit to €33 million (EBIT: +105%), with a stable contribution from Sara (at constant scope), a sharp increase in the contribution from fuel oil trading-supply in the Caribbean and the consolidation of the bitumens trading-shipping business.

Rubis Terminal posted EBIT up 5%, with a strong contribution from storage of petroleum products in France, against a background of stable consumption. Adding in the contribution to EBIT of equity associates (Antwerp and Turkey), the increase was 7%.

Capital expenditure of €76 million accompanied the growth in market share and included maintenance, expansion of storage capacities in France and Rotterdam and the installation of airport refueling facilities in the Caribbean.

Total shareholders’ equity amounted to €1,799 million, demonstrating a solid financial structure (net debt: €282 million). The Group has also confirmed lines of credit and equity lines available to finance new developments.

RUBIS ÉNERGIE: Fuel distribution

Despite the impact of an unfavorable winter season in Europe (-2%), Rubis Énergie’s business saw overall growth of 5% by volume in the half-year at constant scope. Business momentum remained strong in the Caribbean (+9%), its largest market.

Volumes were up 28% at current scope. Changes in the consolidation scope over the period mainly include: SRPP (Réunion) and Eres (bitumens in West Africa).

The period was marked by the continuing fall in supply prices (-27%), providing the benefit of increased purchasing power for customers. The unit margin stabilized following a sharp rise in the first half of 2015.

CHANGE IN VOLUMES BY GEOGRAPHIC ZONE
IN THE FIRST HALF
(RETAIL DISTRIBUTION)

in ‘000 m3 H1-2015 H1-2016 Change Change at
constant scope
  Europe 433 425 -2% -2%
  Caribbean 748 818 +9% +9%
  Africa 142 451 +218% 0%
TOTAL 1,323 1,694 +28% +5%

CHANGE IN VOLUMES BY GEOGRAPHIC ZONE
IN THE SECOND QUARTER
(RETAIL DISTRIBUTION)

in ‘000 m3 Q2-2015 Q2-2016 Change Change at
constant scope
  Europe 186 194 +4% +4%
  Caribbean 371 415 +12% +12%
  Africa 74 234 +217% +4%
TOTAL 631 844 +34% +8%

The change in Rubis Énergie’s EBIT by geographic zone breaks down as follows:

  • Europe (EBIT: +8%): strong performance despite a winter period affected by weather conditions and the effect of an unfavorable base (2015);
  • Caribbean (EBIT: +12%): strong growth by volume (+9%) driven by a more favorable outlook and market share gains. Margins maintained at a high level;
  • lastly, results in Africa increased threefold overall (EBIT: +208%), with the positive contributions of acquisitions (Réunion and Eres). At constant scope, performance was excellent at +28%.

RUBIS SUPPORT AND SERVICES: Refining, shipping and trading-supply

Rubis Support and Services’ EBIT amounted to €33 million (+105%):

  • the results from the Sara refinery, now fully consolidated, are recognized in accordance with the decree and were stable compared to 2015;
  • the contribution from trading-supply-shipping showed strong growth thanks to intense activity in fuel oils in the Caribbean and the consolidation of the bitumens business.

RUBIS TERMINAL: Bulk liquid storage

Business at all depots combined (including 100% of joint venture in Antwerp and Turkey) increased by 5% in terms of storage revenues, to €86.6 million, for throughput of 6.4 million tonnes.

The petroleum products business in France, which represents three quarters of France revenues, rose by 5% in a context of stable deliveries of petroleum products overall. Other products saw a slight decline (-3%).

Northern Europe grew by 9%, benefiting from a new heavy fuel oil contract in Rotterdam and the startup of a gas transshipping contract in Antwerp.

Lastly, Turkey benefitted from a strong flow of trading revenues in fuel oils thanks to strong performance from contango activity. In total, depot revenues rose by 12%.

EBIT increased by 5% (+7% including the 50% share of associates).

OUTLOOK

The expected growth in business and contribution during the second half should consolidate the growth over the full year.

Upcoming events:
Q3 revenue on November 9, 2016 (market closing)

 
Press Contact Analysts Contact
PUBLICIS CONSULTANTS – Aurélie Gabrieli RUBIS – Bruno Krief
Tel: +33 (0) 1 4482 4833 Tel: +33 (0) 1 4417 9595

Contacts

Head Office

Investor Relations

Shareholder Relations

To become a shareholder

ct-contact@uptevia.com

Shareholders’ Meeting

ct-assemblees@uptevia.com

Press Relations

Personal data

PERSONAL DATA PROTECTION POLICY

Last update: 13/11/2019

Rubis SCA (hereinafter referred to as “Rubis”) attaches great importance to the protection of your personal data (hereinafter referred to as “Personal Data”), which refers to any information relating to an individual, provided voluntarily by them or collected as part of their browsing on the website www.rubis.fr (hereinafter referred to as “the Website”).
The purpose of this notice is to describe how Rubis processes Personal Data collected when you use the www.rubis.fr website and to inform you of your rights under data protection regulations.

1. Purpose of collecting Personal Data and retention period

  • Financial communications mailing list
    Rubis collects Personal Data (gender, surname, first name, email address, country of residence, language) via the online form that allows you to subscribe to its financial communications email list. The Personal Data collected is kept for as long as you are subscribed to this mailing list and is archived in accordance with current regulations.
    You can unsubscribe from the financial communications mailing list by clicking on the dedicated hypertext link at the end of the e-mails.
  • Cookies
    In order to offer you a better service, Rubis compiles statistics and measures the audience for the Website. To enable statistical analysis, the Website provider uses the services of etracker GmbH, which installs cookies (small text files stored by the Internet browser on the user’s device). Data generated with etracker GmbH is processed and stored exclusively by etracker GmbH. It is processed in accordance with Article 6 of the General Data Protection Regulation.
    A window is automatically displayed when you first log on to the Site detailing the types of cookies installed and allowing you to select those whose use you accept. Please note that cookies may be stored temporarily (for as long as your web browsing session is open), or may have a longer lifespan, depending on their settings and those of your web browser.
    You may refuse to accept cookies (although their non-installation may limit certain functions of the Site). The configuration of browsing tools for this purpose is described by the Commission Nationale de l’Informatique et des Libertés (CNIL), at the following address (french only): https://www.cnil.fr/fr/cookies-et-autres-traceurs/comment-se-proteger/maitriser-votre-navigateur

2. Recipients of Personal Data

The Personal Data collected is processed by Rubis or, where applicable, by a service provider bound by contract to respect its confidentiality and security and to use it only for the purposes of the task entrusted to it. Rubis undertakes not to sell, rent or transfer it to third parties.

3. Storage and hosting of Personal Data

Personal Data collected by Rubis is stored and hosted on secure servers located in the European Union.

4. Security of Personal Data

Rubis implements appropriate measures to preserve the security, confidentiality and integrity of Personal Data, in particular to prevent it from being distorted, damaged or accessed by unauthorised third parties.

5. Enforceable rights with regard to the protection of Personal Data

The regulations give you the following rights with regard to your Personal Data:

  • a right of access, rectification and deletion;
  • the right to object to or limit the collection of personal data;
  • a right to portability ;
  • the right to determine what happens to your data after your death;
  • the right to lodge a complaint with a supervisory authority.

For more information, visit the following page on the CNIL website (french only): https://www.cnil.fr/fr/les-droits-pour-maitriser-vos-donnees-personnelles .

6. Contact

You can contact Rubis at the following address: communication@rubis.fr.

Legal information

Last update: 3/11/2023

IDENTIFICATIONS

Website publisher: RUBIS SCA, hereinafter the “Company”

SCA with share capital of 128,691,957.50 euros

Registered office: 46, rue Boissière – 75116 Paris, France
784 393 530 RCS Paris

LEI code: 969500MGFIKUGLTC9742

VAT number: FR 81784393530

Tel: +33 (0)1 44 17 95 95

Director of publication: Jacques Riou

Technical designer of the website: Agence TAKA (https://wearetaka.com/)

Limited liability company (SARL) with capital of €5,500

Registered office: 2 place Jules Gévelot – 92130 Issy les Moulineaux, France
512 910 704 RCS Nanterre

VAT number: FR75512910704

Tel: +33 (0)1 74 31 35 50

Website host: EQS Group AG

Registered office: Karlstraße 47 – D-80333 Munich, Germany

Tel: +49 (0) 89 210298-0

Fax: +49 (0) 89 210298-49

E-mail: contact@eqs.com

PURPOSE OF THE WEBSITE AND UPDATES

The purpose of the www.rubis.fr website is to provide all interested parties (hereinafter referred to as “users”) with information on the activities and results of the Company and the companies it directly or indirectly controls within the meaning of French law. The website, including this legal notice, may be updated at any time.

INTELLECTUAL PROPERTY

The information and documents available on the website (including the texts, images, photographs, videos, sounds, databases, company names, logos, products and brands mentioned) are either the exclusive property of the Company or one of the companies it controls, or are subject to rights of use, reproduction and representation or copyrights. Any reproduction, representation or use is prohibited without the express authorisation of the Company.
Copyright of images produced on the website:
© Gilles Dacquin
© Rubis group photo library

RSS FEED

Users can access information available on the website via an RSS feed. The use of this right is granted by the Company for individual and non-commercial purposes only, provided that the website URL is clearly mentioned.

PROTECTION OF PERSONAL DATA AND COOKIES

Rubis may need to collect your personal data in order to respond to a request from you. This data is processed by Rubis or, where applicable, by a service provider bound by contract to respect its confidentiality and security and to use it only for the purposes of the assignment entrusted to it. Rubis undertakes not to sell, rent or transfer it to third parties.

In accordance with current regulations, you have the right to access, rectify, delete and object to your personal data.

In order to offer you a better service, Rubis compiles statistics and measures the audience for the Website. To enable statistical analysis, the Website provider uses the services of etracker GmbH, which installs cookies (small text files stored by the Internet browser on the user’s device). Data generated with etracker GmbH is processed and stored exclusively by etracker GmbH. Data is processed in accordance with Article 6 of the General Data Protection Regulation.

We inform you so that you may refuse to accept these cookies. However, the non-installation of a cookie may limit certain functions of the Site. The configuration of the navigation tools is described at https://www.cnil.fr/fr/cookies-les-outils-pour-les-maitriser .

WARNING

The Company declines all responsibility:

  • in the event of imprecision, inaccuracy or omission concerning information or documents available on the website, including computer links (hypertext links, etc.) used by or referring to the website;
  • in the event of direct or indirect damage, whatever the causes, origins, nature or consequences, resulting from access to the website or the impossibility of accessing it, from its use or from the credit given to any information or document originating directly or indirectly from the website (these in no way constituting an invitation to invest, a form of canvassing or a public offer of financial instruments).

Sign up to receive an email
as soon as new information is
published on our company

In accordance with the General Data Protection Regulation, you have the right to access, rectify and delete your data by contacting us at communication@rubis.fr and by clicking on the unsubscribe link in communications.

You have the right to access, modify, rectify and delete data concerning you (French Data Protection Act of 6 January 1978). To exercise this right, all you have to do is unsubscribe from your subscriber file or make a request by e-mail to the company Actusnews Wire, provider of the “Publication Alert” service

Se désabonner