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Rubis: 2022 adjusted earnings up 11%

(CercleFinance.com) - Revenues are expected to reach E7,135m in 2022, up +55% (E4,589m in 2021).


FY 2022 posted gross operating income (GOI) that rose 26% y-o-y to E669m, while current operating income (COI) rose 30% E509m.

In 2022, Rubis Photosol, which has been consolidated for nine months from 1 April 2022, contributed E18m to the group's GOI and -E0.8m to the OIR.

Operating performance was driven by the Distribution business, with an OIR that is up 37% to E396m and the Support & Services activity with an OIR up 17% to E144m.

Adjusted net income rose 11% to E326m, compared to 2021 for adjusted (diluted) EPS of E3.16.


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