THIRD-QUARTER SALES REVENUE: +14%
BUSINESS GROWTH IN VOLUME: +9%
During the third quarter of 2014, the Group's two business segments enjoyed a positive trend, with sales revenue growing by 14% to €717.7 million.
Overall, the continued decline in the price of petroleum products (propane: -11%) continued to generate a favorable configuration in terms of unit margins in the third quarter, with the trend gathering pace in October.
The main change in scope during the period under review was the consolidation of the LPG distribution subsidiary in Portugal.
Please note that no events significantly altering the Group's financial structure, which was robust at the end of the quarter, have occurred since the release of the accounts for the six months as of June 30, 2014.
Reported sales revenue is consistent with new IFRS relating to control and joint arrangements. 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
Volumes distributed by Rubis Énergie during the period amounted to 609,000 m3, an increase of 12%. At constant scope, volume growth was 1%.
RUBIS TERMINAL: Bulk liquid storage
Storage, the main business of Rubis Terminal, represented revenue of €34.3 million, an increase of 4%.
In France, total rental revenues are up 2%:
The Rotterdam terminal increased its revenue by 14%, while the two jointly owned facilities – Antwerp and Ceyhan (Turkey), the revenue of which is no longer consolidated – recorded revenue growth of 32%.
Trading revenue totaled €40.3 million (+7%).
Q4 2014 sales revenue: February 10, 2015 (after Bourse closing)
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