Rubis completes eres acquisition
June 2, 2015 Following March 23 press announcement, Rubis is completing today the acquisition of Eres. Eres is one of the main independent specialists in supply-transportation-logistic-retail of bitumen, operating in Western Africa. With the support of a strong logistic infrastructure including import terminals in Senegal, Togo, and Nigeria, the Group is leader in the […]
Rubis: first quarter revenue 634m – good start to the year, with volume growth of 18%
May 12, 2015 The Group’s two business segments both performed well in the first quarter of 2015, with a composite indicator putting volume growth at 18% across retail distribution at Rubis Énergie and storage revenues at Rubis Terminal (all terminals). Adjusted for changes in scope of consolidation, growth reaches 8%. Consolidated revenue totaled €634 million […]
Rubis: net income: up 13% – outstanding performance in a chaotic environment
March 11, 2015 At its meeting of March 9, 2015, the Board of Management finalized the financial statements for fiscal 2014, which were approved by the Supervisory Board at its meeting of March 11, 2015. A report giving certification without reservations is currently being issued by the Statutory Auditors. Faced in 2014 with numerous external […]
Rubis: robust business volume growth in fourth quarter: +14% – full-year 2014 revenue: +1%
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 […]
Rubis in exclusive negotiation with Shell and Total to acquire SRPP their joint fuel storage and distribution business in La Réunion
February 5, 2015 RUBIS has made an irrevocable offer to the SHELL Group and the TOTAL Group, each 50% shareholder of the SRPP (Société Réunionnaise de Produits Pétroliers), to purchase the entire share capital of this company. In reply to this offer, SHELL and TOTAL have accepted to open an exclusive period of negotiation. […]
Rubis in exclusive talks to purchase total holding in french antilles refinery (sara)
September 22, 2014 Rubis has remitted to Total an irrevocable offer to purchase its 50% holding in SARA, a refinery based in Martinique supplying the French Antilles and Guiana. Depending on final regulatory approval and third party shareholder preemptive right, Rubis, already a 35.5% shareholder in SARA, could ultimately increase its ownership to between 71% […]
Rubis takes over total lpg distribution business in switzerland
July 23, 2014 Through its affiliate Vitogaz Switzerland, RUBIS takes over the local TOTAL LPG distribution business. This transaction will thus help Rubis to build up its already well-established presence in cylinders, a high value added market segment, and densifies its position in the growing bulk segment. Acquired assets consist of a pool of LPG […]
Rubis finalizes the acquisition of bp’s lpg distribution business in portugal
July 1, 2014 Today July 1, 2014, Rubis has completed the acquisition of BP’s LPG business in Portugal for which the Sale and Purchase Agreement was signed on August 1, 2013. With a total of 146 000 tons sold in 2013, Rubis Energia Portugal, the newly created subsidiary is a leading operator in the country […]
Rubis: highlights first quarter 2014: 669m – steady normalized volume growth: +3%
5 May 2014 Q1 Group sales turnover reaches €669M (-12%). Basically the following factors are explaining this change: change in scope: German subsidiary exit in 2013, petroleum product prices: propane quotations are down 4% in USD, currency effects: USD versus € parity is down 4%, weather conditions: weather index in France down 20% on 2013 recording […]
Rubis: another year of growth – net income: +12% – dividend per share: +6%
March 13, 2014 At its meeting of March 11, 2014, the Board of Management finalized the financial statements for fiscal 2013, which were approved by the Supervisory Board at its meeting of March 13, 2014. A report giving certification without reservations is currently being issued by the Statutory Auditors. In line with the goal of […]