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INFORMATIONS RÉGLEMENTÉES

RUBIS: SUSTAINED VOLUME GROWTH: +10% – SALES REVENUE: +1%

Paris, February 9, 2017, 5.45 p.m.

Consolidated revenue for the fourth quarter totaled €810 million (+1%), with business volumes maintaining a brisk pace:

  • Rubis Énergie recorded volume growth of 10% (+7% at constant scope). This includes the increase in scope resulting from developments in the Africa region (Djibouti and South Africa);
  • Rubis Terminal’s storage revenues (based on 100% of all terminals under management) were up a strong 9% in the fourth quarter, driven by activity outside France (+23%).

Among external factors, prices of petroleum products expressed in euros, down 16% across 2016 as a whole, rose sharply in the fourth quarter compared with the third quarter of 2016 (+30%). Over the year as a whole, unit margins were generally not sensitive to this price configuration.

Over full year 2016, volumes was up 17% and 5% respectively for Rubis Énergie and Rubis Terminal. Lower fuels prices resulted in a 3% increase in Group’s sales revenue

Revenue (in €M) Q4-2016 Change Total 2016 Change
LPG and fuel distribution
Europe
Caribbean
Africa
581
139
305
137
+7%
+13%
+5%
+7%
2,153
515
1,143
495
+4%
-2%
-6%
+51%
Support and Services 148 -20% 563 +2%
Bulk liquid storage
Bulk liquid storage and services
Trading of petroleum products
81
34
47
+8%
 +1%
+13%
288
131
157
-2%
+2%
-5%
Total consolidated revenue 810 +1% 3,004 +3%

There were no events after the release of the financial statements on June 30, 2016 liable to significantly alter the Group’s financial position, which remained particulary strong at the end of the year.

Distribution of petroleum products

Rubis Énergie combines all LPG and fuel distribution activities: networks of gas stations, heating oil, aviation and marine fuel, lubricants, bitumen and LPG.

Geographical breakdown of volumes
(retail distribution)

In ‘000 m3 Q4-2016 Change Change
 at constant scope
Total 2016 Change Change
 at constant scope
Europe 226 +5% +5% 829 -1%   -1%
Caribbean 407 +6% +6% 1,627 +9% +9%
Africa 246 +21% +11% 907 +65% 0%
Total 878 +10% +7% 3,363 +17% +5%

In the fourth quarter, retail distribution volumes totaled 878,000 m3, an increase of 10%. At constant scope of consolidation, volumes grew by 7%, prompting the following comments:

  • in Europe, volumes sold in retail distribution reached 226,000 m3, an increase of 5%, with the climate index for the period returning to a level consistent with seasonal norms;
  • in the Caribbean, distributed volumes totaled 407,000 m3, an increase of 6%. Growth momentum was strong throughout the year, resulting in further market share gains;
  • the Africa zone posted strong growth to 246,000 m3 (+21%), an increase of 11% adjusted for scope effects (South Africa and Djibouti). Good growth was observed in volumes of LPG (+8%) and bitumen in West Africa (+62%), in a context of deteriorating unit margins for bitumen, resulting from currency effects.

Over the full year in 2016, retail distribution volumes totaled 3.4 million m3, increases of 17% on a real basis and 5% at constant scope.

Support and Services

Support and Services branch includes Sara’s revenues (Antilles refinery) and the shipping, trading and services operations. Sales revenue for the fourth quarter was down 20% at €148 million linked to more volatile business and deliveries shifted from one quarter to the next mainly for bitumen.

Over the full year 2016, trading volumes in global fuels products reached 1,3 million m3, an increase of 19% compared with 2015.

Bulk liquid storage

Rubis Terminal’s overall storage revenues (based on 100% of all terminals under management) increased by a strong 9% in the fourth quarter, prompting the following comments:

France: +2%

  • the fuel business, which represents 78% of total billings in France, was up 3%, while in a broader French market consumption of petroleum products was up 1.5% during the period;
  • other products (22% of billings in France) enjoyed a better trend in the fourth quarter, notably chemicals (+7%), and molasses and oilseeds (+8%), while fertilizers remained at a high level.  

Outside France: +23%

  • the Rotterdam depot posted overall revenues down 8% following the renewal of spot contracts in chemicals, while heavy fuel revenues increased by 2%. 80% of the new capacity built in 2016 is now contracted;
  • the Antwerp and Ceyhan (Turkey) depots, whose revenues are not fully consolidated (equity method), recorded strong growth in both chemicals for Antwerp (+26%) and petroleum products in Turkey (+46%).

Over the same period, trading revenue amounted to €47 million (+13%), and €157 million (-5%) over the full year.

Over the full year in 2016, consolidated storage revenues totaled €131 million (+2%).

Upcoming events:

2016 annual results on March 13, 2017 (after market)

Press Contact Analysts Contact
PUBLICIS CONSULTANTS – Aurélie GABRIELI RUBIS – Finance Department
Tel: +33 (0) 1 4482 4833 Tel: +33 (0) 1 4417 9595

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PERSONAL DATA PROTECTION POLICY

Last update: 13/11/2019

Rubis SCA (hereinafter referred to as “Rubis”) attaches great importance to the protection of your personal data (hereinafter referred to as “Personal Data”), which refers to any information relating to an individual, provided voluntarily by them or collected as part of their browsing on the website www.rubis.fr (hereinafter referred to as “the Website”).
The purpose of this notice is to describe how Rubis processes Personal Data collected when you use the www.rubis.fr website and to inform you of your rights under data protection regulations.

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2. Recipients of Personal Data

The Personal Data collected is processed by Rubis or, where applicable, by a service provider bound by contract to respect its confidentiality and security and to use it only for the purposes of the task entrusted to it. Rubis undertakes not to sell, rent or transfer it to third parties.

3. Storage and hosting of Personal Data

Personal Data collected by Rubis is stored and hosted on secure servers located in the European Union.

4. Security of Personal Data

Rubis implements appropriate measures to preserve the security, confidentiality and integrity of Personal Data, in particular to prevent it from being distorted, damaged or accessed by unauthorised third parties.

5. Enforceable rights with regard to the protection of Personal Data

The regulations give you the following rights with regard to your Personal Data:

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For more information, visit the following page on the CNIL website (french only): https://www.cnil.fr/fr/les-droits-pour-maitriser-vos-donnees-personnelles .

6. Contact

You can contact Rubis at the following address: communication@rubis.fr.

Legal information

Last update: 3/11/2023

IDENTIFICATIONS

Website publisher: RUBIS SCA, hereinafter the “Company”

SCA with share capital of 128,691,957.50 euros

Registered office: 46, rue Boissière – 75116 Paris, France
784 393 530 RCS Paris

LEI code: 969500MGFIKUGLTC9742

VAT number: FR 81784393530

Tel: +33 (0)1 44 17 95 95

Director of publication: Jacques Riou

Technical designer of the website: Agence TAKA (https://wearetaka.com/)

Limited liability company (SARL) with capital of €5,500

Registered office: 2 place Jules Gévelot – 92130 Issy les Moulineaux, France
512 910 704 RCS Nanterre

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PURPOSE OF THE WEBSITE AND UPDATES

The purpose of the www.rubis.fr website is to provide all interested parties (hereinafter referred to as “users”) with information on the activities and results of the Company and the companies it directly or indirectly controls within the meaning of French law. The website, including this legal notice, may be updated at any time.

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The information and documents available on the website (including the texts, images, photographs, videos, sounds, databases, company names, logos, products and brands mentioned) are either the exclusive property of the Company or one of the companies it controls, or are subject to rights of use, reproduction and representation or copyrights. Any reproduction, representation or use is prohibited without the express authorisation of the Company.
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PROTECTION OF PERSONAL DATA AND COOKIES

Rubis may need to collect your personal data in order to respond to a request from you. This data is processed by Rubis or, where applicable, by a service provider bound by contract to respect its confidentiality and security and to use it only for the purposes of the assignment entrusted to it. Rubis undertakes not to sell, rent or transfer it to third parties.

In accordance with current regulations, you have the right to access, rectify, delete and object to your personal data.

In order to offer you a better service, Rubis compiles statistics and measures the audience for the Website. To enable statistical analysis, the Website provider uses the services of etracker GmbH, which installs cookies (small text files stored by the Internet browser on the user’s device). Data generated with etracker GmbH is processed and stored exclusively by etracker GmbH. Data is processed in accordance with Article 6 of the General Data Protection Regulation.

We inform you so that you may refuse to accept these cookies. However, the non-installation of a cookie may limit certain functions of the Site. The configuration of the navigation tools is described at https://www.cnil.fr/fr/cookies-les-outils-pour-les-maitriser .

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