SUSTAINED VOLUME GROWTH: +10%
SALES REVENUE: +1%
Consolidated revenue for the fourth quarter totaled €810 million (+1%), with business volumes maintaining a brisk pace:
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.
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.
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
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:
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 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.
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:
Outside France: +23%
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%).
Q4 2016 revenue: February 9, 2017 (Market closing)
Rubis does not guarantee the reliability, accuracy or completeness of the information provided herein and shall not be held responsible for the content of the site or for any use thereof by any person whatsoever.