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Rubis: NI at bottom of target range in 2024
(CercleFinance.com) - Rubis reports net income (group share) of E342m for 2024, at the bottom of the target range of E340m to E375m, down 4% on a comparable basis, including E83m in net capital gains from the sale of Rubis Terminal.
The energy group's EBITDA reached E721m, towards the top of its guidance range of E675m to E725m (-3% on a comparable basis), on stable sales of E6.64bn. A dividend of E2.03 will be proposed for 2025, up 2.5% on the previous year, marking the 29th consecutive year of dividend increases for the group. Rubis expects PBIT of between E710m and E760m in 2025 (assuming that the impact of IAS 29 hyperinflation remains unchanged), and that the cost of debt should increase in line with the development of Photosol. Copyright (c) 2025 CercleFinance.com. All rights reserved. |
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