Rubis : A publication broadly in line with our latest expectations
>Broadly satisfactory indicators in Q1 - No significant impact of the global health crisis yet - Rubis reported its Q1 2020 sales yesterday evening. We retain broadly satisfactory performance indicators with:for the energy division (64% of 2019 net profit): a pleasant surprise on volumes distributed (stability at constant scope vs ODDO BHF = decline) but a disappointment on unit margins (stability excl. stock write downs vs ODDO BHF = increase).for the suppo...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.
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.
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