Brief: Rubis FY EBIT Rises To EUR 392 Million

Rubis SCA

10/03/2022 17:06

March 10 (Reuters) - Rubis SCA  RUBF.PA :
    * RUBIS: 2021 ANNUAL RESULTS: INCREASE IN EARNINGS AND
PROPOSED
DIVIDEND - ACCELERATION IN RENEWABLE ENERGY
    * FY 2021 VOLUMES: 5,401 KM3, +7% VERSUS FY 2020AND -2%
VERSUS FY
2019
    * INCREASE IN DIVIDEND PER SHARE TO EUR 1.86 UP FROM EUR
1.80
    * FY 2021 EBIT: EUR 392M, +7% VERSUS FY 2020, -5% VERSUS FY
2019
MOSTLY DUE TO COVID RESTRICTIONS
    * FY ACCELERATION IN RENEWABLE ENERGY WITH ANNOUNCED
ACQUISITION
OF PHOTOSOL FRANCE - ONE OF LEADING INDEPENDENT PHOTOVOLTAIC
ENERGY PRODUCER IN FRANCE (EXPECTED CLOSURE IN Q2 2022)
    * ADJUSTED NET INCOME: EUR 288M, +16% VERSUS FY 2020, IN
LINE WITH
EXPECTATIONS AND ALMOST AT FY 2019 LEVEL
    * GROUP HAS NO OPERATIONS OR ASSETS IN UKRAINE
    * NET FINANCIAL DEBT: EUR 438M, 0.9X NET DEBT/EBITDA
PRE-IFRS16,
VERSUS EUR 180M AS OF 31/12/2020 DUE TO SHARE BUYBACK PROGRAMME
(EUR 153M)
    * FY OPERATIONAL CASH FLOW BEFORE CHANGES IN WORKING
CAPITAL 4 :
EUR 465M
    * DOES NOT SOURCE FROM UKRAINIAN OR RUSSIAN SUPPLIERS. TO
DATE,
GROUP HAS NO DIRECT EXPOSURE TO THIS RISK
    * IS CONFIDENT IN ITS MID- AND LONG-TERM GROWTH DRIVERS

Source text for Eikon:  ID:nEQ1vthWca 
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