Rubis : Official publication of Q3 2024 after Thursday's profit warning
>Disappointing Q3 confirmed… - Rubis published yesterday evening its Q3 2024 revenue. It came in slightly above our expectations, but the operating profit indicators were disappointing:Gross margin down slightly by 1% at Retail & Marketing (sharp contraction in unit margins partly offset by a solid rise in volumes).A 25% fall in gross margin for Support & Services (lower bitumen trading volumes).Further disappointing revenues at Photosol (€ 17m vs. € 16...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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