Rubis: H1 EPS down, but 2024 targets confirmed

(CercleFinance.com) - Rubis has published H1 2024 sales of E3339m, flat y-o-y.


Gross operating income (GOI) came to E358m (-12%), while operating income before non-recurring items (OI) was E257m (-20%).

Consolidated net income, group share, came to E130m, down 24% (or -4% on a comparable basis), giving diluted EPS of E1.25 (-25%).

Despite a few exceptional items affecting our net income, I am convinced that we will achieve our objectives for the year, and I remain confident in the Group's continued growth and future development, management commented, notably highlighting the strong generation of operating cash flow (E352m, up 6% vs. H1 2023).

It has therefore reiterated its 2024 targets, with group EBITDA expected between E725m and E775m. Group net income should be 'stable', while Rubis remains confident in its dividend growth.


Copyright (c) 2024 CercleFinance.com. All rights reserved.