Report
Emmanuel Matot

Rubis : A severe punishing from the stock market

>Review of problems linked to storage and Iran  – No other significant unpleasant surprises identified - The recent Q1 sales publication underscored the unexpected difficulties in two storage activities that generated 17% of 2017 net profit, on our estimates, i.e. 1/ 13% from France, with revenues hit by poor contract phasing, an absence of contango and increased competitive pressure (Q1 sales = -5% in Q1) and 2/ 4% from Turkey with revenues weighed down by the closur...
Underlying
Aurubis AG

Norddeutsche Steingut is a Germany-based manufacturer and distributor of tiles, concentrating on wall and floor tiles for the residential and commercial sector. As of December 31, 2011, Co. was operational through its two wholly owned subsidiaries Nord Ceram Fliesenproduktions und -vertriebs GmbH & Co. KG, which mass produces standard- and large-size floor tiles under the Pro brand for its own sale and for partners of the parent company; as well as Bremer Wandplatten GmbH, which produces floor and wall tiles under the BW brand. Co.concentrates on business activities in Germany

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Emmanuel Matot

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