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RUBIS, September 7th 2023

In H1 / september 7th 2023, 2023, Rubis reported solid operating performance, with EBIT increasing by 32% to €323 million and net income Group share reaching €171 million, a 1% rise from H1 2022 (8% growth excluding exceptionals). The balance sheet remained healthy, with a corporate net financial debt/EBITDA ratio of 1.6x. Operating cash flow was at €263 million, up 3% compared to H1 2022, indicating strong cash flow generation and confidence in dividend distribution. Additionally, Photosol’s 2030 ambitions were increased. The Energy Distribution segment showed growth in gross margin and volumes, especially in Eastern Africa. Bitumen supply activity was strong. However, FX effects, particularly in Nigeria and Kenya, had a significant impact, totaling €80 million. Renewable Electricity Production saw an increase in the secured portfolio and international expansion with projects in Italy, Spain, and Poland. Rubis also emphasized its commitment to ethics and sustainability, publishing a new Code of Ethics and updating its CSR Roadmap with a 3% reduction in CO2 emissions for scopes 1 and 2 compared to 2019.

Date de publication :07/09/2023

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