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Rubis:volume of business in real terms: + 48% volume of business on a constant basis: + 6%

11|09|2011

THIRD QUARTER SALES 2011

 09 November 2011

VOLUME OF BUSINESS IN REAL TERMS: + 48%

VOLUME OF BUSINESS ON A CONSTANT BASIS: + 6%

Group sales in the third quarter were €567m (+60%):

  • In the case of Rubis Energie, volumes include the growth in business area as a result of acquisitions in Southern Africa, Europe (Spain and Switzerland) and the Caribbean region (West Indies - Antilles - French Guiana): total volumes increased by 63% (+3% on a constant basis); 
  • Rubis Terminal again recorded a satisfactory increase in storage revenues of 23% (+11% on a constant basis (excluding Antwerp and Corsica)). 

In summary, overall business over the period, in terms of volumes and on a constant basis, rose by 6%.

As of the end of September, all acquisitions carried out in 2010 have been incorporated according to the agreed schedule, giving the Group a very geographically diverse structure.

 Third quarter 20119 month total

As of 30 September 2011
Sales in millions of € 2011Change2011Change
RUBIS ENERGIE

Europe

Caribbean

Africa
494.8

206.1

242.7

46.0
+ 68%

+ 14%

+ 146%

+ 201%
1,311.5

587.0

591.9

132.5
+ 55%

+ 21%

+ 89%

+ 159%
Rubis Terminal

Bulk liquid storage

Petroleum product trading
72.5

30.8

41.7
  + 42%

  + 23%

   + 18%
  208.9

  86.8

 122.1
+ 44%

+ 19%

+ 5%
Total consolidated sales567.3+ 60%1,520.3+ 65%

LPG and Petroleum Product Distribution: Rubis Energie

The volumes distributed by Rubis Energie in the third quarter rose by 63% to 456,000 m3, including 117,000 tonnes of LPG (+ 31%) and 233,000 m (+ 131%) of petroleum products (fuel and heating oil). On a constant basis, total final distribution volumes (all products) rose by 3.2% to 264,000 m3.

  • Europe: On a constant basis, final distribution volumes of LPG rose by 10% to 60,000 tonnes, driven by Germany (LPG-fuel), the Czech Republic and Switzerland. 

Petroleum product distribution operations in the Channel Islands and Corsica accounted for 41,200 m3.

  • Caribbean (Antilles - French Guiana - Bermuda - West Indies): Total volumes sold rose by 197% to 205,000 m3, which breaks down into 182,000 m3 (+ 215%) of petroleum products (petrol station network and direct sales of marine diesel oil, heating oil, lubricants, aviation fuel and bitumens) and 11,500 tonnes (+ 100%) of LPG. 

On a constant basis, volumes grew by 1%.

  • In the Africa zone, final distribution volumes of LPG rose by 140% to 44,700 tonnes as a result of the inclusion of tonnages from Southern Africa. On a constant basis, volumes dropped by 19%, mainly because two ceramics-manufacturing customers ceased to trade in Morocco.

Bulk liquid storage: Rubis Terminal

In the third quarter, bulk liquid storage continued to grow, with revenues rising by 23% to €30.8m; excluding Corsica and Antwerp (which became operational on 1 January 2011), revenues rose by 11%.

All business segments contributed to this growth.

Over the same period, Trading business revenues rose by 18% to €41.7m, as a result of the rise in nominal prices, with no impact on results.

 

Next update: Fourth Quarter Sales 2011: 9 February 2012

Press Contact

PUBLICIS CONSULTANTS - Véronique Duhoux

Tel.: +33 (0)1 44 82 46 33
Analyst Contact

RUBIS - Bruno Krief

Tel.: +33 (0)1 44 17 95 95