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 PRESS RELEASE

RUBIS: Rubis and I Squared Capital reach a final agreement on the sale...

RUBIS: Rubis and I Squared Capital reach a final agreement on the sale of Rubis’ stake in Rubis Terminal  Paris, 10 April 2024, 5:45pm Rubis announces that the exclusive negotiations opened with I Squared Capital concerning the sale of its 55% stake in the Rubis Terminal JV have resulted in a final agreement on the financial terms announced on 13 March 2024. This agreement follows consultation with Rubis Terminal's employee-representative bodies and a favourable opinion issued by the company's social and economic committee. The transaction remains subject to the customary regulatory appr...

 PRESS RELEASE

RUBIS: Rubis et I Squared Capital finalisent un accord pour la cession...

RUBIS: Rubis et I Squared Capital finalisent un accord pour la cession de la participation de Rubis dans Rubis Terminal  Paris, le 10 avril 2024, 17h45    Rubis annonce que les négociations exclusives ouvertes avec I Squared Capital concernant la cession de sa participation de 55 % dans la JV Rubis Terminal ont abouti à un accord définitif aux conditions financières annoncées le 13 mars 2024. Cet accord fait suite à la consultation des instances représentatives du personnel et la délivrance d'un avis favorable par le comité social et économique de Rubis Terminal. L'opération reste sou...

Mohamed Mansour (IDMidCaps)
  • Mohamed Mansour (IDMidCaps)

Rubis - Dynamic growth in adjusted net income, low valuation and attra...

Adjusted EBITDA up 14% above guidance▪Adjusted net income up 8%Corporate net debt at 1.4x EBITDASale of Rubis Terminal and distribution of €75 million capital gain as exceptional dividendEBITDA 2024 forecast between €725M and €775M, compared with normative EBITDA of €756M in 2023Net income expected to be stable to slightly up despite higher taxesPhotosol secured portfolio up 77% to 893MWValuation still rather low and attractive dividend yield at 6%. Vincent Bolloré and Patrick Molis (Compagnie N...

Emmanuel Matot
  • Emmanuel Matot

Rubis : Surprise acquisition of a stake by Bolloré – We upgrade to Out...

>Surprise acquisition of a stake by Bolloré - Bolloré declared yesterday to the AMF that it had crossed the threshold of 5% of the capital and voting rights in Rubis following the acquisition of shares (via Plantations des Terres Rouges which it controls) for an amount that may be estimated at around € 130m (based on an average price of € 25).It therefore becomes a major shareholder in Rubis since only Groupe Industriel Marcel Dassault has a slightly larger stake...

Emmanuel Matot
  • Emmanuel Matot

Rubis : Arrivée surprise de Bolloré au capital. On passe en Surperform...

>Arrivée surprise de Bolloré au capital - Bolloré a déclaré hier auprès de l’AMF le franchissement des seuils de 5% du capital et des droits de vote de Rubis à la suite d’acquisitions d’actions (par l’intermédiaire de la société Plantations des Terres Rouges dont il détient le contrôle) pour un montant qui peut être estimé de l’ordre de 130 M€ (sur la base d’un cours moyen de 25 €).Il devient ainsi un actionnaire important de Rubis puisque seul le Groupe Industri...

Emmanuel Matot
  • Emmanuel Matot

Rubis : Exit from Rubis Terminal

>Start of negotiations with I Squared Capital to divest the 55% stake in the capital of the joint venture - Rubis has just announced that it has entered into exclusive talks with the US infrastructure fund I Squared Capital to divest its 55% stake in the capital of Rubis Terminal. This joint venture, dedicated to storage activities in Europe, contributed € 13m to Rubis’ net income in 2023 (4% of the group’s profit) via a consolidation under the equity method.I Sq...

Emmanuel Matot
  • Emmanuel Matot

Rubis : Sortie de Rubis Terminal

>Entrée en négociation avec I Squared Capital pour céder la participation de 55% au capital de la co-entreprise - Rubis vient d’annoncer être entré en négociation exclusive avec le fonds américain d’infrastructures I Squared Capital pour lui céder sa participation de 55% dans Rubis Terminal. Cette co-entreprise, dédiée aux activités de stockage en Europe, a contribué au RN de Rubis à hauteur de 13 M€ en 2023 (soit 4% des profits du groupe) via une consolidation par mi...

 PRESS RELEASE

Rubis: Rubis enters into exclusive negotiations with I Squared Capital...

Rubis: Rubis enters into exclusive negotiations with I Squared Capital for the sale of its 55% stake in the JV Rubis Terminal Paris, 13 March 2024, 7:20am    Rubis today announces it has entered into exclusive negotiations with I Squared Capital for the sale of its 55% stake in Rubis Terminal. Rubis Terminal is among the leading players in Europe in the bulk liquid storage sector with 4.0 million cubic meters storage capacity across France, Spain, and the Northern Europe hubs of Antwerp and Rotterdam. Rubis structured Rubis Terminal into a JV with I Squared (45% holding) in 2020 to im...

 PRESS RELEASE

Rubis : Rubis entre en négociation exclusive avec I Squared Capital po...

Rubis : Rubis entre en négociation exclusive avec I Squared Capital pour la cession de sa participation de 55 % dans la JV Rubis Terminal    Paris, le 13 mars 2024, 7h20 Rubis annonce ce jour être entré en négociations exclusives avec I Squared Capital pour la cession de sa part de 55 % dans Rubis Terminal. Rubis Terminal est un acteur majeur du Stockage de produits liquides avec 4 millions de m3 de capacité de stockage en France, en Espagne et dans les hubs d’Anvers et Rotterdam. Rubis a créé la JV Rubis Terminal avec I Squared (45 % de participation) en 2020 pour mettre en place une...

Jerôme Bodin
  • Jerôme Bodin

ODDO BHF Small & MIDCAP MORNING NEWS - 08/03/2024

We host our 8th ODDO BHF TMT Forum virtually in 07th and 08th March 2024. In total, 46 companies will be presenting during the forum. In the following note, we provide some initial feedback of companies on day 1. - ...

Jerôme Bodin
  • Jerôme Bodin

ODDO BHF Small & MIDCAP MORNING NEWS - 03/08/2024

We host our 8th ODDO BHF TMT Forum virtually in 07th and 08th March 2024. In total, 46 companies will be presenting during the forum. In the following note, we provide some initial feedback of companies on day 1. - ...

Emmanuel Matot
  • Emmanuel Matot

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...

Emmanuel Matot
  • Emmanuel Matot

Rubis : Publication positive

>Résultats 2023 très supérieurs aux attentes - Rubis a publié hier soir ses résultats au titre de l’exercice 2023. Ils ressortent très supérieurs aux attentes avec notamment un RN en croissance de 8% hors exceptionnels à 354 M€ (vs ODDO/consensus = 312/311 M€).Cette bonne surprise provient surtout de la zone Caraïbes avec une progression de 45% du ROC au sein de Retail & Marketing. Les autres géographies/activités délivrent aussi de bonnes performances mais plus ...

 PRESS RELEASE

RUBIS: Rubis announces senior leadership nominations

RUBIS: Rubis announces senior leadership nominations    Paris, 7 March 2024, 7:45pm    Rubis today announces a series of changes and nominations to its Management Committee, effective immediately: Managing Director in charge of Strategy and M&A Bruno Krief is appointed Managing Director in charge of Strategy and M&A. Bruno has been a key actor of the company’s development since the creation of the Group and will continue bringing his experience by focusing on strategy and M&A. Chief Financial Officer Marc Jacquot is appointed Group Chief Financial Officer, within ...

 PRESS RELEASE

RUBIS: Rubis annonce des nominations au sein de sa direction

RUBIS: Rubis annonce des nominations au sein de sa direction    Paris, le 07 mars 2024, 19h45 Rubis annonce aujourd’hui une série de changements et nominations à son Comité de Direction, prenant effet immédiatement : Directeur Général Délégué en charge de la Stratégie et des M&A Bruno Krief est nommé Directeur Général Délégué en charge de la Stratégie et des M&A. Bruno est un acteur clé du développement de l’entreprise depuis la création du Groupe et continuera à apporter son expérience en se concentrant sur les M&A et la stratégie. Directeur Financier Marc Jacquot...

 PRESS RELEASE

FY 2023 Results - Strong performance across the board

FY 2023 Results - Strong performance across the board    Paris, 07 March 2024, 5:45pm FY 2023 RESULTS1 STRONG PERFORMANCE ACROSS THE BOARD Record EBITDA at €798m, up 19% yoy Strong performance of legacy businesses – Photosol’s secured portfolio at 893 MWp up 77% yoyRecord net income (Group share) at €354m, +8% adjusted2 yoy despite negative FX effects3 amounting to €105mOperating cash flow4 at €583m, up 35% vs. FY 2022Healthy balance sheet: 1.4x corporate net financial debt/EBITDA5 (vs. 1.5x in FY 2022)Proposed dividend €1.98, +3% vs. 2022 ...

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