Brief: Rubis Q1 Revenue Up At 1.47 Billion Euros

Rubis SCA

05/05/2022 17:35

May 5 (Reuters) - Rubis SCA  RUBF.PA :
    * Q1 2022 TRADING UPDATE – EXCELLENT VOLUME (+10% YOY) AND
GROSS
PROFIT (+7% YOY) DEVELOPMENT
    * Q1 2022 GROUP SALES CAME IN AT EUR 1,473M WITH 49%
INCREASE YOY
    * RUSSIA AND BELARUS: RUBIS ÉNERGIE HAS NO ACTIVITY, ASSETS
OR
SUPPLIES FROM COUNTRIES UNDER SANCTIONS
    * THE RUBIS TERMINAL JV'S EXPOSURE IS LIMITED TO FRANCE,
WITH FUEL
OIL AND DIESEL STORAGE CONTRACTS FROM RUSSIA OF AROUND €3M,
REPRESENTING LESS THAN 2% OF ITS STORAGE REVENUES
    * GROUP IS CONFIDENT IN ITS MID- AND LONG-TERM GROWTH
DRIVERS
    * GROUP REMAINS DEDICATED TO EXPANSION AND IMPROVEMENT OF
ITS
OPERATIONS IN EASTERN AFRICA
    * PHOTOSOL EBITDA IS SET TO GROW BY 40% OVER 2022-25
(COMPOUND
ANNUAL GROWTH), AND RUBIS EXPECTS CONTRIBUTION FROM THE
RENEWABLE SEGMENT OF 25% TO ITS EBITDA IN THE MIDTERM

Source text for Eikon:  ID:nEQ6hrHKFa 
Further company coverage:  RUBF.PA 

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