Rubis: Q3 sales down 32%
(CercleFinance.com) - Rubis has reported Q3 consolidated sales of 922 million euros, down 32% y-o-y.
Its Energy division, which represents 85% of Rubis' total business, saw a 29% decline in sales, while Support and Services saw a sharper drop of 52%.
However, Rubis has announced volumes returning to normal, with a 4% decline on a like-for-like basis (excluding aviation), even though it suffered from a 45% drop in international prices.
Rubis emphasises its robust growth in unit margins, which reached +10%.
In all, 9m sales fell by 25% to 2,973 million euros.
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