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Rubis: turnover for the period to 30 september 2005: +27.9%


Rubis, which specializes in bulk liquid storage and LPG distribution in France and abroad, recorded growth of 27.9% in total turnover for the nine months to 30 September 2005. Analysis of the activity during the period in real terms shows good progress in income from storage of petroleum products (+13%) and steady performance of LPG distribution margins combined with a 5% rise in total volume.

Turnover in millions of euros 2005 2004 Change 
(at 30 September)    
RUBIS GAZ 227.6  207.3 +9.8% 
France 87.2 75.2 +16.0% 
Italy 115.1 109.9 +4.8% 
Africa 25.2 22.2 +13.8% 
Rubis Terminal 131.7 73.7 +78.6% 
Liquid product storage and services 41.2 38.7 +6.5% 
Trade in petroleum products 90.5 35.0 +158.2% 
Total consolidated turnover 359.3  281.0  +27.9% 

Rubis Gaz

Rubis Gaz posted an increase in turnover of 9.8% during the first 9 months to €227.6m, with total tonnage up 5.1% at 403,000 tons.

As in the second quarter, the third quarter of 2005 was marked by solid growth in volumes in Africa (+11%) and a sharp increase in propylene transportation in Italy (+38%).

During the first 9 months there was a slight drop in distribution volumes both in France (-2.9%) and Italy (-4%), linked to the drop in the climatic index for the period (-1.9%).

Rubis Terminal

Turnover was up 78.6%, mainly due to strong growth in Trade (+158.2%) - a combination of the rise in nominal prices and the increase in diesel volumes due to the effects on turnover of the French tax on petroleum products (TIPP).

The Storage and Services business continued to show strong growth in petroleum (+18%) during the third quarter, bolstered by the increase in traffic generated by the new tax provisions for biofuels (Diester and ethanol) and strong activity with trade customers. Contrary to expectations, earnings from chemical products were up 20%.

Next trading update: Q4 2005 Turnover: 3 February 2006

Press contact
Euro RSCG Omnium - Christèle LION
Tel: +33 1 58 47 94 81

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