Rubis: turnover for 9 months to 30 september 2006: + 120% novembre 2006

11|08|2006

Turnover for 9 months TO 30 September 2006: + 120%

At constant consolidation: + 9%

Rubis posted turnover of €537 million for the first 9 months of 2006 (to 30 September 2006), up 120%.

Excluding Rubis Antilles Guyane (RAG), which was consolidated for the first time in December 2005, turnover rose by 9%, with volume increases at both Rubis Energy and Rubis Terminal.

Rubis Energy - LPG and PETROLEUM produCts Distribution

LPG distribution volume increased by 11% with end distribution of 164,844 tonnes, and by 1.4% at constant consolidation (excluding RAG).

• In France, where volumes traded were stable (-0.9%), the Vitogaz brand increased its market share and benefited from its strengthened position in LPG motor fuel.  

• Rubis Antilles Guyane was consolidated for the first time, contributing turnover of €271 million, including €117.3 million from RAG's 24% equity interest in SARA, the Antilles refinery. Volumes of petroleum products sold (excluding LPG) totalled 142,000 cubic metres, from across the network of service stations and direct sales of marine diesel, fuel oil, lubricants and bitumen.  

• Africa (64,374 tonnes of LPG) posted overall growth in volume of 4.7%:  

• In Morocco, residential bulk sales enjoyed a buoyant market,  

• In Madagascar, increases in bulk sales offset a rather dull market for cylinders,  

• In Senegal, demand remained lively despite supply disruptions. Rubis Terminal - liquid PRODUCTS STORAGE  

Brisk business continued for the Storage activity, reflected in a 12% increase in turnover. Petroleum products trading was up sharply (+13%) due to an increase in diesel imports because of new tax arrangements for bio-fuels (diester), while other products surged 16.6% as a result of an anticipated catch-up in fertilizers and very strong activity in vegetable oils (+148%) due to growth in the bio-fuels segment.

In Trading, a more volatile business that is affected by nominal price variations, turnover was almost stable at €91.9 million.

Next trading update: 7 February 2007 - Turnover for 4th quarter 2006

Press contact
COMFIDANCE - Jocelyne Guillon
Tel: +33 1 56 21 20 13

Analysts contact
RUBIS - Bruno Krief
Tel: +33 1 44 17 95 95