France-based terminal operator Rubis Terminals has benefited from favourable market conditions during Q1 2009 with a significant drop in energy prices, a hard winter and strong demand for storage logistics.
Revenue for Q1 2009 totalled 246 million (-10%): this has been affected by face value changes in energy price: euro rates for propane are 36% down on Q1 2008.
Rubis Terminal divisions main activity, storage, has continued to grow at a steady rate, as measured by rental revenues: up 13% in France and up 26% overall, including Rotterdam.
The start of this year has been positive in all sectors: petroleum (+10%), fertilisers (+33%), chemicals (+9%) and oilseed products (+13%).
Revenue for storage in the quarter was 20.6 million, up 26%.