Rubis: Results 1st half of 2024 – 05.09.2024

Paris, 05 September 2024, 17:45

• Solid operational performance following a record H1 2023, supported by continued high levels of activity in the Caribbean
  • High cash flow generation: Operating cash flow¹ at €352 million, an increase of 6% compared to the first half of 2023
  • EBITDA at €358 million, stable compared to the previous year on a comparable basis²-12% compared to H1 2023
  • Group net profit at €130 million, -4% on a like-for-like basis, -24% vs. H1 2023
• Healthy balance sheet: 1.6x net financial debt of the company/EBITDA³
• Forecast for 2024 confirmed – new confidence in dividend growth

On September 5, 2024, Clarisse Gobin-Swiecznik, Managing Partner, commented: “Following a record year in 2023, we delivered strong operating results in the first half of this year. We delivered a strong performance in the Caribbean, impacted by challenges in Kenya and Nigeria. The development of Photosol is progressing as planned. These investments, which are critical to securing future growth, are underway. Our robust cash flow generation reflects the strength of our group and supports our growing dividend policy. Despite some exceptional items impacting our bottom line, I am confident that we will meet our full year guidance and remain optimistic about the company’s continued growth and future development.”

Results for the first half of 2024⁴ Highlights