Rubis: Results H1 2024 – 05.09.2024

Paris, September 5, 2024, 5:45 PM

• Solid operational performance after record year 1 2023, supported by continued high activity levels in the Caribbean
  • High cash flow generation: operational cash flow¹ at €352 million, up 6% from H1 2023
  • EBITDA of €358 million, stable year-on-year on a like-for-like basis²-12% compared to H1 2023
  • Net profit Group share of €130 million, -4% on a like-for-like basis, -24% compared to H1 2023
• Healthy balance sheet: 1.6x net financial debt/EBITDA³
• 2024 guidance reiterated – renewed confidence in dividend growth

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

Results H1 2024⁴ highlights