Rubis Énergie successful quarter with 28% growth

Rubis Énergie successful quarter with 28% growth


Rubis Énergie fuel distribution has seen volumes sold in retail distribution increase 32% to 1,043,000 metres cubed during the third quarter of the year.

In Europe sales volumes rose by 3% to 184,000 metres cubed. The company attributes this to the third quarter coming just before the heating season in Europe.

RT - Rubis

In the Caribbean sales volumes climbed 39% to 558,000 metres cubed. On a constant scope basis, and stripping out the effect of exceptional delivery contracts, volumes rose by 3%, with a strong aviation segment. New contracts production remained strong despite the knock-on effects of the hurricanes in September.

In Africa volumes grew by 43% to 301,000 metres cubed including Galana (fuel distribution) in Madagascar. At constant scope fuel and LPG volumes were stable overall while bitumen volumes continued to pick up (rising 16%) in a quiet period due to the rainy season in West Africa.

Across the rest of the group the third quarter went well with overall business up by 28%. Rubis Support and Services, which includes the Sara refinery in the French Antilles and the fuel shipping and supply activities, delivered revenue of €253m. Rubis Terminal recorded growth of 13% in storage revenue of which +5% in France and +30% outside France.

For more information visit www.rubis.fr

13th Nov 2017