Rubis : Positive publication
>2023 results significantly beat expectations - Rubis reported its FY 2023 results yesterday evening. They came in well ahead of expectations, with net profit up 8% excl. exceptionals to € 354m (vs ODDO/consensus = € 312/311m).This positive surprise came mainly from the Caribbean region, where the retail & marketing business posted a 45% increase in operating profit. The other regions/businesses also performed well, but more in line with our expectations.§hp...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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