Rubis: Q4 2022 sales up a third 33%

(CercleFinance.com) - The oil storage and distribution group's Q4 2022 revenues reached 1,785 million euros up 33% from 2021, thanks to riseing oil prices over the period.


Volumes were pretty flat in Q4 2022 for the Distribution business (excluding Haiti) and a strong increase in unit margins, which resulted in 11% growth in its adjusted gross margin (+21% for full year).

The Support & Services business recorded total revenues of 289 million euros (+74%) in Q4 2022.

The Group remains confident in its ability to generate robust growth in operating profit for FY 2022.


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