FOURTH QUARTER 2015
BUSINESS ACTIVITY IN VOLUME: +18%
Consolidated fourth quarter revenue totaled €802 million (+13%). The Group performed well, with the combined indicator of retail distribution volumes at Rubis Énergie and storage revenues at Rubis Terminal (100% of all terminals) putting volume growth at 18%. At constant scope, combined volumes increased by 1%.
Business trends over the period prompted the following comments:
External factors include the prices of petroleum products, which continued their fall over the period (propane prices: -31%), once again offering a favorable configuration for unit margins during the quarter.
Over the full year in 2015, revenue increased by 4%, on an 18% increase in overall volumes (+21% for Rubis Énergie and +6% for Rubis Terminal). At constant scope, overall volumes increased by 4%.
There have been no events since the release of the interim financial statements as of June 30, 2015 liable to significantly alter the Group’s financial position, which remained strong at the end of the year.
Rubis Énergie combines all petroleum product 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 800,000 m3, an increase of 22%. At constant scope of consolidation, volumes grew by 1%, prompting the following comments:
Over the full year in 2015, volumes totaled 2.9 million m3, up 21% on a real basis and 4% at constant scope.
The Support and Services business includes the revenue of SARA (Antilles refinery) and all shipping, supply and services activities. The strong increase in fourth quarter revenue (+68% to €189 million) is attributable to the full consolidation of SARA and that of Eres, which is strongly positioned in shipping and supply activities.
Rubis Terminal’s overall storage revenues (factoring in 100% of all terminals under management) edged up by 0.6% in the fourth quarter, prompting the following comments:
Over the same period, wholesale revenue totaled are down at €41 million (€165 million over the full year), with no impact on earnings.
Over the full year in 2015, consolidated storage revenue totaled €129 million, a decline of 2%.
2015 annual results on March 9, 2016 (Market closing)
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