RUBIS

FOURTH QUARTER 2015 - BUSINESS ACTIVITY IN VOLUME: +18% - REVENUE: +13%

February 11, 2016
  

Consolidated fourth quarter revenue totaled €802 million (+13%). The Group performed well, with the combined indicator of retail distribution volumes at Rubis Énergie and storage revenues at Rubis Terminal (100% of all terminals) putting volume growth at 18%. At constant scope, combined volumes increased by 1%.

Business trends over the period prompted the following comments:

• Rubis Énergie recorded a volume growth of 22% (+1% at constant scope). This includes the increase in scope resulting from acquisitions in the Africa region (Réunion Island, Djibouti and West Africa). Volumes in Europe (-3.2%) were affected by particularly adverse weather conditions.
• Rubis Terminal's storage revenues grew slightly (+0.6%), factoring in 100% of all terminals under management. The decline in revenues in France (-2%) was offset by revenue growth outside France (+3%).

External factors include the prices of petroleum products, which continued their fall over the period (propane prices: -31%), once again offering a favorable configuration for unit margins during the quarter.

Over the full year in 2015, revenue increased by 4%, on an 18% increase in overall volumes (+21% for Rubis Énergie and +6% for Rubis Terminal). At constant scope, overall volumes increased by 4%.

Revenue (in €M)	Q4-2015	Change	Total 2015	Change
LPG AND FUEL DISTRIBUTION Europe Caribbean Africa	538 123 292 123	+5% -16% -10% +211%	2,065 525 1,216 323	+5% -  -4% +99%
SUPPORT AND SERVICES	189	+68%	555	8%
BULK LIQUID STORAGE Bulk liquid storage Wholesale of fuel	75 34 41	-14%  -2% -23%	293 129 165	-7% -2% -10%
Total consolidated revenue	802	13%	2,913	+4%

There have been no events since the release of the interim financial statements as of June 30, 2015 liable to significantly alter the Group's financial position, which remained strong at the end of the year.