Rubis: +11% increase in adjusted net income in 2022 – 03/16/2023 at 6:11 p.m.


(CercleFinance.com) – Turnover is 7,135 ME in 2022, up by +55% (4,589 ME in 2021). The 2022 financial year recorded an increase of +26% in gross operating profit (RBE) to 669 ME compared to 2021 and of +30% in current operating profit (COI) to 509 ME.

In 2022, Rubis Photosol, consolidated over nine months from April 1, 2022, contributed €18 million to the Group’s EBITDA and -0.8 million to the COI.

Operating performance was driven by the Distribution activity with an ROC up 37% to 396 ME and the Support & Services activity with an ROC up 17% to 144 ME

Adjusted net income stands at €326 million, up +11% compared to 2021 for adjusted EPS (diluted) of €3.16, up +10%.

The corporate net financial debt (DFN corporate) is 930 ME against 438 ME as of December 31, 2021. The increase in net debt is mainly linked to the acquisition of Photosol.

‘ With relevant growth levers, the Group is confident that 2023 will be another year of increased net income, Group share vs 2022 (adjusted for goodwill impairment) and dividend, in line with its distribution policy’ indicates the group.



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