May 7 (Reuters) – Rubis published a decline in first-quarter revenue on Tuesday while confirming its outlook for 2024.
The company specializing in the distribution of fuels, liquefied gases and bitumens announced a turnover of 1.66 billion euros in the first quarter, a drop of 5% compared to the first quarter of 2023, as well as a drop of its gross margin at 209 million euros.
“The Caribbean continues to show strong growth,” the group said in a press release. “The operational performance of Europe and Africa in 2023 also continues, despite some headwinds.”
“Thus the objectives communicated to the market for 2024 are reaffirmed with a Group EBITDA which should be between 725 MEUR and 775 MEUR,” he adds. (Written by Mathias de Rozario)
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