2023-11-07 18:36:01
Published on Nov 7, 2023 at 7:36 p.m.
PARIS (Agefi-Dow Jones)–The petroleum products distribution and storage group Rubis confirmed its objectives for the 2023 financial year on Tuesday, following recording a decline in turnover in the third quarter.
During the three months to the end of September, the group’s turnover stood at 1.59 billion euros, down 22% compared to the same period of the previous financial year.
This variation is explained by the drop in oil prices over one year, while volumes in the petroleum products distribution branch increased by 7%.
The gross margin of this division also increased by 2%, to 191 million euros, Rubis indicated in a press release.
The Support & Services branch, which brings together trading, logistics and maritime transport activities, as well as the Antilles refinery, saw its revenues decrease by 18%, to 251 million euros.
The turnover of the renewable electricity production division stood at 16 million euros, compared to 13 million euros a year earlier.
“Rubis’ operational performance was particularly dynamic in the third quarter,” commented Clarisse Gobin-Swiecznik, the group’s manager, quoted in the press release.
This performance leads the group to confirm its objectives for the current year, namely an increase in net profit compared to 2022, adjusted for the depreciation of goodwill, and a gross operating surplus (Ebitda) of between 690 million and 730 million euros. Rubis also confirmed that it would increase its dividend compared to the previous financial year.
-François Schott, Agefi-Dow Jones; 01 41 27 47 92; [email protected] ed: LBO
Agefi-Dow Jones The financial newswire
Dow Jones Newswires
November 07, 2023 12:30 PM ET (5:30 PM)
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