Rubis: Q1 sales down 4%
(CercleFinance.com) - On Monday evening, the infrastructure for energy storage and distribution group Rubis reported Q1 2019 consolidated sales of 1.
163 billion euros, down 4% y-o-y.
In detail, Rubis Énergie recorded sales that are up 3% at 824 million euros, for volumes that are down 3%. Ruby Support and Services, including la SARA (West Indies refinery) and all shipping and trading-supply businesses, generated sales of 264 million euros with stable volumes (+2%) with a comparable consolidation scope. Finally, sales of Rubis Terminal (integrating 100% of the Antwerp site) returned to growth (+1%), after four consecutive quarters of falls.
"The sharp regression in petroleum products prices compared to the previous six months made for a favourable unit margin configuration that offset the impact of the decline in volumes in terms of overall margin," the group said.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
163 billion euros, down 4% y-o-y.
In detail, Rubis Énergie recorded sales that are up 3% at 824 million euros, for volumes that are down 3%. Ruby Support and Services, including la SARA (West Indies refinery) and all shipping and trading-supply businesses, generated sales of 264 million euros with stable volumes (+2%) with a comparable consolidation scope. Finally, sales of Rubis Terminal (integrating 100% of the Antwerp site) returned to growth (+1%), after four consecutive quarters of falls.
"The sharp regression in petroleum products prices compared to the previous six months made for a favourable unit margin configuration that offset the impact of the decline in volumes in terms of overall margin," the group said.
Copyright (c) 2019 CercleFinance.com. All rights reserved.