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RUBIS: VOLUME GROWTH SUSTAINED: UP 23% - TURNOVER: UP 37%

Dow Jones received a payment from EQS/DGAP to publish this press release.

RUBIS: VOLUME GROWTH SUSTAINED: UP 23% - TURNOVER: UP 37% 
 
08-Feb-2018 / 17:35 CET/CEST 
Dissemination of a French Regulatory News, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
FOURTH QUARTER 2017 REVENUE 
 
            Paris, 8 February 2018, 5.35 p.m. 
 
      VOLUME GROWTH SUSTAINED: UP 23% 
 
      TURNOVER: UP 37% 
 
  In the fourth quarter of 2017, consolidated turnover reached EUR1,110m (up 
            37%) with a business volume which continued at a sustained pace: 
 
· Rubis ??nergie's business was up 27% by volume (up 1% like for like), 
including growth in the area associated with developments in Haiti and 
Madagascar; 
 
· Rubis Support et Services, including Sara (refinery in the French 
Antilles) and all shipping and trading/supply, generated turnover of 
EUR268m, with the business volume up sharply (up 122%); 
 
· Rubis Terminal (including 100% of the Antwerp site) showed solid growth 
in rental revenue (up 8%), driven by operations outside France (up 21%). 
 
  Unit margins for Rubis ??nergie remained stable overall, despite a slowdown 
    in Europe, against a backdrop of sharply rising petroleum product prices 
   (propane: up 50% over 12 months and up 25% compared to the third quarter) 
            again demonstrating the model's strong resilience. 
 
    The entire 2017 financial year showed excellent performance with overall 
     volumes up by 19% at Rubis ??nergie and 11% at Rubis Terminal. In total, 
            Group turnover was up 31%. 
 
Turnover (in EURm)       Q4 - 2017 Change Cumulative 2017 Change 
Fuel distribution              758   +31%           2,709   +26% 
 
Europe                         149    +7%             555    +8% 
 
Caribbean                      409   +34%           1,472   +29% 
 
Africa                         200   +46%             682   +38% 
Support and Services           268   +81%             895   +59% 
Bulk liquid storage             84    +3%             329   +14% 
 
Bulk liquid services and        44   +27%             173   +32% 
storage 
 
                                40   -15%             156    -1% 
Fuel wholesale 
Total consolidated           1,110   +37%           3,933   +31% 
turnover 
 
It is reminded that aside from announced acquisitions, Rubis Terminal Petrol 
      (Turkey), Dinasa (Haiti), Galana (Madagascar), Repsol (Portugal), Euro 
      Garages (Corsica) and FCG (Iran), there were no events that could have 
 materially altered the Group's financial structure, which remained solid at 
            the end of the quarter. 
 
Rubis ??nergie: fuel distribution 
 
Rubis ??nergie combines all LPG and fuel distribution activities: networks of 
gas stations, heating oil, aviation and marine fuel, lubricants, bitumen and 
            LPG. 
 
      Geographical distribution of volumes 
 
      (retail distribution) 
 
(In '000   Q4-2017 Change Variation Cumulative Change Variation 
m3)                        in like     2017            in like 
                          for like                     for like 
Europe         228    +1%       +1%        837    +1%        +1% 
Caribbean      563   +39%       +5%      2,030   +25%        +3% 
Africa         327   +33%       -5%      1,128   +24%        +5% 
Total        1,118   +27%       +1%      3,995   +19%        +3% 
 
 In the fourth quarter, retail distribution volumes reached 1,118,000 m3, an 
increase of 27%. At comparable structure and scope, volume growth was up 1%: 
 
· Europe: volumes sold in retail distribution reached 228,000 m3. Affected 
by a weather index down by 7%, business nonetheless experienced 1% growth; 
 
· Caribbean: volumes sold reached 563,000 m3, up by 39%. This significant 
change is linked with extension in Haiti. Organic growth, reaching 5%, 
remained strong, driven by more favourable economic conditions and gains 
in markets share, particularly in petrol stations networks and aviation; 
 
· Africa: strong growth in volumes to 327,000 m3, up by 33%, which was the 
result of a wider sphere of activity in Madagascar; on a like-for-like 
basis fuel and LPG volumes are stable (down 1%) and bitumen volumes are 
down by 13%: a late rainy season and delays in payments to road 
contractors by government agencies at the end of the year meant that work 
started later but growth over the financial year as a whole amounted to 
17%. 
 
 For the 2017 financial year as a whole, retail distribution volumes reached 
            4 million m3, up by 19% at actuals and 3% like for like. 
 
Rubis Support and Services: refining, trading/supply and shipping 
 
 The Support and Services activity includes Sara's turnover (French Antilles 
   refinery) and all shipping and trading/supply activities. Turnover in the 
            fourth quarter rose 81% to EUR268m. 
 
    Over the 2017 financial year as a whole, trading/supply volumes for fuel 
    products reached 1.9 million m3, up 46% over 2016, thanks to the volumes 
contributed by the extension of activities in the Caribbean and Indian Ocean 
            new supply contracts. 
 
Rubis Terminal: bulk liquid storage 
 
       In the fourth quarter, rental revenues from "bulk liquid services and 
 storage", reported by Rubis Terminal (excluding Antwerp) reached to EUR44m, 
            up by 27% (+3% like for like). 
 
   Over the same period, Rubis Terminal's overall storage revenue (including 
            100% of Antwerp) showed strong growth (up 8%): 
 
· France: +1% 
 
 - oil revenue, which represents 79% of total invoicing in France, was up by 
  2%, a strong performance in a French market, where the consumption of fuel 
            products was down by 2%; 
 
    - for other products (21% of invoicing in France), a strong trend in the 
           fourth quarter is reported, particularly in chemicals (up 8%) and 
  molasses/edible oil (up 15%), whereas the sequencing of fertilizer revenue 
            shows a downward movement over the period (-17%). 
 
· Outside France: +21% 
 
 - Rotterdam and Antwerp terminals showed overall revenue up by 31%, related 
            to the strong performance of contracts for chemicals; 
 
   - the Ceyhan (Turkey) terminal stabilised its growth in fuel products (up 
            9%). 
 
       Over the same period, trading turnover was EUR40m (down 15%), with no 
            significant impact on profits. 
 
      Next meeting: 
 
     2017 annual results on 15 March 2018 (after the close of trading) 
 
Press Contact                          Analyst Contact 
PUBLICIS CONSULTANTS - Aurélie         RUBIS - Financial 
Gabrieli                               Division 
Tel: +33 (0)1 44 82 48 33              Tel: +33 (0)1 44 17 95 
                                       95 
 
Regulatory filing PDF file 
 
Document title: CAT4_2017_08.02.2018_UK 
Document: http://n.eqs.com/c/fncls.ssp?u=PAJCTXTHKL [1] 
 
Language:        English 
Company:         RUBIS SCA 
                 105, avenue Raymond-Poincaré 
                 75116 Paris 
                 France 
Phone:           +33 144 17 95 51 
Fax:             +33 145 01 72 49 
E-mail:          communication@rubis.fr 
Internet:        www.rubis.fr 
ISIN:            FR0013269123 
Euronext Ticker: RUI 
AMF Category:    Information on annual revenues 
 
End of Announcement EQS News Service 
 
648807 08-Feb-2018 CET/CEST 
 
 
1: http://public-cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=04391b46f95af6975eea4265dfc2e54f&application_id=648807&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

February 08, 2018 11:35 ET (16:35 GMT)

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