FIRST-QUARTER 2013 SALES REVENUE UP 13%
Sales revenue for the first quarter of 2013 was €787 million (+13.4%).
Overall, the period was characterized by erratic weather in Europe, supply constraints in the Caribbean and a pronounced drop in supply prices (-14% for propane) resulting in a favorable profitability profile.
Since the beginning of the year, the Group’s scope has been expanded, with the acquisition in Jamaica (distribution of petroleum products) on December 31, 2012, and the consolidation of the storage site of the former Reichstett refinery (February 2013).
There have been no events since the beginning of the year liable to significantly alter the Group’s financial position, which remained strong at the end of the quarter.
RUBIS ENERGIE: Distribution of LPG and petroleum products
Volumes distributed by Rubis Energie over the period totaled 606,000 m3, an increase of 19%. At constant scope of consolidation, volume growth was 1.3%.
Geographie breakdown of volumes:
RUBIS TERMINAL: Bulk liquid storage
Rubis Terminal’s main activity, storage, recorded revenues of €31.2 million.
In France, revenues from all products increased by 1%:
Strong growth in the ARA zone (Antwerp - Rotterdam - Amsterdam): revenues increased by 20% to €6.2 million thanks to the marketing of new capacity on the Antwerp and Rotterdam sites and the full utilization of chemical product capacity.
Turkey: pier expansion and construction work continues. The terminal, which is now mainly focused on oil trader clientele, suffered from the absence of contango over the period. The situation changed dramatically at the end of the period, with the profile again becoming favorable. The first contract for the leasing of new maritime bunkering capacity was implemented during the quarter.
Wholesale revenue was €70 million, an outcome attributable partly to the decline in oil prices without effect on profitability.
Annual and Extraordinary Shareholders' Meeting on June 7, 2013
2013 Half-year results on August 29, 2013 (at Bourse closing)
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