Overall storage revenues for Rubis Terminal were ‘very strong’ and increased by 9% in the first quarter of 2015, the company reports.
Taking into account all of the terminals under its management, storage revenues, excluding Antwerp and Turkey, totalled €30 million, a decrease of 3%.
In France, revenue from all products combined is stable and there has been good performance in fuels and despite a 0.2% reduction in road fuel consumption, fuels rental revenues increased by 2%.
Combined chemicals, heavy fuels and edible oil revenues were down by 20% due to the end of a number of chemical and heavy fuels contracts, combined with a structurally unfavourable environment in biofuels.
In Rotterdam, the company reports that revenues were significantly affected by the end of a heavy fuels contract in the fourth quarter of 2014, replaced in the first quarter of 2015 by a new customer at a lower price. The start of a new contract in June will make up for the shortfall in the first half.
Revenues from Antwerp and Cehan, Turkey, which are no longer consolidated, grew by 71%, driven by a continuation of intense activity in Turkey of 182%.
Wholesale revenue amounted to €41 million, impacted by the sharp decline in prices of oil products, with no significant impact on results.
Overall, including the Rubis Énergie segment, consolidated revenue totalled €634 million, combining the effect of lower prices of petroleum products and changes in scope.