RUBIS : ROBUST BUSINESS VOLUME GROWTH IN FOURTH QUARTER: +14% - FULL-YEAR 2014 REVENUE: +1%
11 2월 2015 - 1:45AM
February 10, 2015
The Group's two business segments both performed
well in the fourth quarter, with
growth of 14% across retail distribution volumes at Rubis Énergie
and storage revenues at Rubis Terminal (all terminals).
Consolidated revenue totaled €712 million (+5%),
factoring in the effect of the fall in prices of petroleum
products, unfavorable weather conditions and changes in scope
(Portugal and Switzerland). At constant scope, revenue was
stable.
Business trends over the period prompt the
following comments:
-
Rubis Énergie recorded volume growth of 15% (+1%
at constant scope). This includes growth linked to acquisitions in
Europe (Portugal and Switzerland);
-
Rubis Terminal continued to grow, with an 11%
increase in storage revenue - scope under management, taking into
account 100% of all terminals - driven by a sharp increase in
activity at the Ceyhan terminal (Turkey).
The decline in prices of petroleum products
accelerated during the period (propane: -44%), resulting in a
favorable configuration for unit margins during the quarter.
Over the
2014 financial year, revenue
increased by 1%, on a 2% increase in overall volumes (+2% for Rubis
Énergie and +3% for Rubis Terminal). At constant scope, revenue was
stable.
There were no events after the
release of the interim financial statements liable to significantly
alter the Group's financial position, which remained strong at the
end of the year.
Revenue (in €M) |
Q4-2014 |
Change |
Total 2014 |
Change |
RUBIS ÉNERGIE
Europe
Caribbean
Africa |
623.7
145.5
438.6
39.6 |
+6%
+24%
+2%
-1% |
2,474.8
524.6
1,787.4
162.8 |
+2%
0%
+4%
-3% |
RUBIS TERMINAL
Bulk liquid storage
Trading of petroleum products |
88.1
34.5
53.6 |
-2%
0%
-3% |
315.3
131.8
183.6 |
-7%
+3%
-14% |
Total consolidated revenue |
711.8 |
+5% |
2,790.2 |
+1% |
Reported revenue
complies with the new IFRS regarding control and partnerships.
Rubis Terminal subsidiaries located in Belgium and Turkey
(co-ownership) are now consolidated using the equity method
(proportionate consolidation previously), and their sales revenue
is excluded from the Group's consolidated sales
revenue.
For purposes of comparison, historical data have
been restated.
RUBIS ÉNERGIE: Distribution of
LPG and petroleum products
Rubis Énergie comprises the LPG distribution and
petroleum products businesses: networks of gas stations, heating
oil, aviation and marine fuel, lubricants, bitumen.
Geographical
breakdown of volumes
(Retail distribution)
In '000 m3 |
Q4-2014 |
Change |
Change
at constant scope |
Total 2014 |
Change |
Change
at constant scope |
Europe |
222 |
+43% |
-9% |
688 |
+7% |
-11% |
Caribbean |
365 |
+4% |
+4% |
1,408 |
+2% |
+2% |
Africa |
70 |
+4% |
+4% |
276 |
-4% |
-4% |
TOTAL |
657 |
+15% |
+1% |
2,372 |
+2% |
-2% |
In the fourth quarter, retail
distribution volumes totaled 657,000 m3, an increase
of 15%. At constant scope of consolidation, volumes grew by 1%,
prompting the following comments:
-
Europe: volumes sold in
retail distribution totaled 222,000 m3, an increase
of 43% (scope extensions in Portugal and Switzerland), but a
decline of 9% at constant scope attributable to particularly
unfavorable weather conditions (climate index down 12
points).
-
Caribbean: distributed
volumes totaled 365,000 m3, an increase
of 4%. Volumes of fuel oil for large accounts and aviation fuel
were particularly strong thanks to new contracts, the network
segments being stable or edging down respectively (-2%).
-
The Africa region posted
retail LPG distribution volumes of 70,000 m3 (+4%),
driven notably by growth in the packaging segment in South Africa
(+16%), resulting from the introduction of a new commercial
policy.
Over the 2014 financial
year, volumes totaled 2.4 million m3, an
increase of 2% on a reported basis and a decline of 2% on a
comparable basis, due to unfavorable weather in Europe in both the
first and fourth quarters.
RUBIS TERMINAL: Bulk liquid
storage
In the fourth quarter, Rubis
Terminal's main activity, bulk liquid storage, recorded stable
revenue of
€34.5 million:
-
1.4% increase in the petroleum products activity
in France, in a French market characterized by
stable consumption of petroleum products overall;
-
positive trend (+1.6%) on other products -
fertilizers, chemicals, heavy fuel oils and
molasses - in France, with the exception
of edible oils (-36%), where the anticipated
structural decline has now ended;
-
3% increase in revenue at the Rotterdam terminal: the chemical part grew by 13%
thanks to capacity expansion, while heavy fuel oil revenues were
impacted by the difficulties of a customer at the end of the period
(facilities were let to a new tenant during the first quarter of
2015).
Antwerp and Ceyhan (Turkey), the revenues of which are no longer
consolidated, recorded growth of 76%, driven by strong business
growth in Turkey.
Over the same period, wholesale revenue totaled €54 million.
Over the 2014 financial year,
storage revenues increased by 3% to €132
million, and wholesale revenue fell by 14% to
€184 million.
Upcoming events:
2014 annual results on March 11, 2015 (after
market)
Press Contact
PUBLICIS CONSULTANTS - Aurélie GABRIELI
Tel.: +33 (0)1 44 82 48 33 |
Analyst Contact
RUBIS - Bruno Krief
Tel.: +33 (0)1 44 17 95 95 |
Download
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: RUBIS via Globenewswire
HUG#1893297
Rubis (EU:RUI)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024
Rubis (EU:RUI)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024