Rubis : Questioning of the model’s resilience to COVID-19
>The Energy branch impacted by the current health crisis - Resilience confirmed for the Terminal branch - We organised two conference calls on Thursday afternoon between Rubis’ CFO and investors to take stock of the current situation. The information gathered, coupled with our latest research, points to a considerable drop in demand for petroleum products worldwide in recent weeks following the spread of the COVID-19 epidemic and the confinement measures. Volumes...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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