THIRD QUARTER SALES 2011
09 November 2011
VOLUME OF BUSINESS IN REAL TERMS: + 48%
VOLUME OF BUSINESS ON A CONSTANT BASIS: + 6%
Group sales in the third quarter were €567m (+60%):
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In the case of Rubis Energie, volumes include the growth in business area as a result of acquisitions in Southern Africa, Europe (Spain and Switzerland) and the Caribbean region (West Indies – Antilles – French Guiana): total volumes increased by 63% (+3% on a constant basis);
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Rubis Terminal again recorded a satisfactory increase in storage revenues of 23% (+11% on a constant basis (excluding Antwerp and Corsica)).
In summary, overall business over the period, in terms of volumes and on a constant basis, rose by 6%.
As of the end of September, all acquisitions carried out in 2010 have been incorporated according to the agreed schedule, giving the Group a very geographically diverse structure.
| Third quarter 2011 | 9 month total As of 30 September 2011 |
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| Sales in millions of € | 2011 | Change | 2011 | Change |
| RUBIS ENERGIE Europe Caribbean Africa |
494.8 206.1 242.7 46.0 |
+ 68% + 14% + 146% + 201% |
1,311.5 587.0 591.9 132.5 |
+ 55% + 21% + 89% + 159% |
| Rubis Terminal Bulk liquid storage Petroleum product trading |
72.5 30.8 41.7 |
+ 42% + 23% + 18% |
208.9 86.8 122.1 |
+ 44% + 19% + 5% |
| Total consolidated sales | 567.3 | + 60% | 1,520.3 | + 65% |
LPG and Petroleum Product Distribution: Rubis Energie
The volumes distributed by Rubis Energie in the third quarter rose by 63% to 456,000 m3, including 117,000 tonnes of LPG (+ 31%) and 233,000 m3 (+ 131%) of petroleum products (fuel and heating oil). On a constant basis, total final distribution volumes (all products) rose by 3.2% to 264,000 m3.
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Europe: On a constant basis, final distribution volumes of LPG rose by 10% to 60,000 tonnes, driven by Germany (LPG-fuel), the Czech Republic and Switzerland.
Petroleum product distribution operations in the Channel Islands and Corsica accounted for 41,200 m3.
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Caribbean (Antilles – French Guiana – Bermuda – West Indies): Total volumes sold rose by 197% to 205,000 m3, which breaks down into 182,000 m3 (+ 215%) of petroleum products (petrol station network and direct sales of marine diesel oil, heating oil, lubricants, aviation fuel and bitumens) and 11,500 tonnes (+ 100%) of LPG.
On a constant basis, volumes grew by 1%.
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In the Africa zone, final distribution volumes of LPG rose by 140% to 44,700 tonnes as a result of the inclusion of tonnages from Southern Africa. On a constant basis, volumes dropped by 19%, mainly because two ceramics-manufacturing customers ceased to trade in Morocco.
Bulk liquid storage: Rubis Terminal
In the third quarter, bulk liquid storage continued to grow, with revenues rising by 23% to €30.8m; excluding Corsica and Antwerp (which became operational on 1 January 2011), revenues rose by 11%.
All business segments contributed to this growth.
Over the same period, Trading business revenues rose by 18% to €41.7m, as a result of the rise in nominal prices, with no impact on results.
Next update: Fourth Quarter Sales 2011: 9 February 2012
| Press Contact PUBLICIS CONSULTANTS – Véronique Duhoux Tel.: +33 (0)1 44 82 46 33 |
Analyst Contact RUBIS – Bruno Krief Tel.: +33 (0)1 44 17 95 95 |