Rubis - Distribution volumes up slightly, other divisions down
Retail & Marketing: MB up 2% driven by volumes (+4%)Support & Service: sales down -13% after an exceptional Q1-23Photosol: sales down -11%, whereas Q1-23 benefited from direct market sales of electricity at exceptional prices.Photosol installed capacity slightly up on Q4, but behind plan due to infrastructure problems in FranceDownward revision of our EBITDA estimates to take account of Photosol's delay“BUY” opinion confirmed, given the still-attractive ordinary dividend yield of 6%.Patrick Molis and Ronald Samann propose new resolutions to the AGM on June 11. No request from the Bolloré groupThe Supervisory Board issued a favorable opinion on the appointment of Mr.Rubis is a holding company based in France. Co., through its subsidiaries, is engaged in the bulk import, production or distribution process, and storage of petroleum products in Europe, the Caribbean, and Africa. Co. operates bulk liquid storage facilities for petroleum products, chemicals, fertilizers, edible oils and molasses, and foodstuffs, as well as distributes butane, propane, and petroleum products in wholesale and retail. Co.'s customers primarily include hypermarkets and supermarkets; oil companies; chemists; and traders and intermediaries of fuel, oil or gas, manures, and other liquids.
We are an investment house with Belgian roots founded on more than 150 years of trust.
As a private company owned by long-term committed shareholders, we are independent. Naturally and structurally. Our experts have the knowledge to think and act without bias, and to make decisions that benefit our clients. Today and tomorrow.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.