Rubis: H1 sales hit by Covid-19
(CercleFinance.com) - After trading on Thursday Liquid storage group Rubis announced H1 sales of 2.
05 billion euros, down 21% y-o-y (-32% at a constant consolidation scope).
Note that the group's business was profoundly hit by the coronavirus crisis.
Meanwhile, EBITDA reached 240 million euros (-11%), and underlying OP was 170 million euros (-21%).
Provided that there is not another lockdown, which clearly hit the group's sales in Q2, Rubis expects its business to pick up in H2.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
05 billion euros, down 21% y-o-y (-32% at a constant consolidation scope).
Note that the group's business was profoundly hit by the coronavirus crisis.
Meanwhile, EBITDA reached 240 million euros (-11%), and underlying OP was 170 million euros (-21%).
Provided that there is not another lockdown, which clearly hit the group's sales in Q2, Rubis expects its business to pick up in H2.
Copyright (c) 2020 CercleFinance.com. All rights reserved.