November 8, 2012

• For Rubis Energie, volumes include figures for the acquisitions in the Caribbean zone, and were up by 10% overall (+1.3% on a like-for-like basis);
• Rubis Terminal again posted growth, with storage revenue up 7.5%, or 5% on a like-for-like basis (excluding Delta Rubis in Turkey).
• Acquisitions: Rubis Energie - Chevron in the French West Indies and French Guiana (August 2011) and the Bahamas, Cayman Islands and Turks and Caicos Islands (May 2012); Rubis Terminal - Delta Rubis in Turkey (January 2012);
• Disposals: Rubis Energie - Czech (May 2012) and Senegalese (June 2012) subsidiaries.
• Europe: Volumes held up over the period (+1%), despite the lackluster economic environment - the strong resilience of fuels, including automotive fuel, on Corsica and the Channel Islands (+8.4%) offset a slight drop in LPG sales in continental Europe (France, Switzerland, Spain and Germany: -2.4%), which were impacted by unfavorable temperature indices. Note that 3Q 2012 volumes no longer include the Czech subsidiary, which has been sold in May 2012.
• Caribbean: Volumes sold increased by 31% to 268,000 m3. The drop of 6% in like-for-like sales was attributable to the disposal of the service stations operated in accordance with the agreements struck with the antitrust authorities in French Guiana and the withdrawal from certain low-margin supply contracts; the wholesale business-supply in this zone continued to grow steadily. The Bahamas, Cayman Islands and Turks and Caicos Islands group has been consolidated since May 1, 2012, thereby expanding the scope of consolidation.
• Africa: Stripping out the withdrawal from Senegal, following the disposal at the end of June, volumes were up substantially (+24%), driven mainly by our continuing operations in Morocco, South Africa and Madagascar.
• France: despite the lackluster economic environment, revenues for the quarter were up 3% overall (+3.5% for petroleum revenues).
•  Antwerp - Rotterdam: Revenues rose by 17% to EUR5.3 million, thanks to the sale, in stages, of new capacity at the Antwerp and Rotterdam facilities, where occupancy rates remain at a very good level.Wholesale revenue grew strongly (+22%), in line with the increase in trading volumes.

Next update:

Fourth quarter 2012 sales revenue: February 11, 2013