Rubis (EPA:RUI) Full Year 2023 Results
Key Financial Results
- Revenue: €6.63b (down 7.1% from FY 2022).
- Net income: €353.7m (up 35% from FY 2022).
- Profit margin: 5.3% (up from 3.7% in FY 2022). The increase in margin was driven by lower expenses.
- EPS: €3.43 (up from €2.56 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Rubis Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 13%.
The primary driver behind last 12 months revenue was the Energy Distribution segment contributing a total revenue of €6.58b (99% of total revenue). Notably, cost of sales worth €4.95b amounted to 75% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to €742.5m (56% of total expenses). Explore how RUI's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 3.0% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Europe are expected to remain flat.
Performance of the market in France.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
We should say that we've discovered 1 warning sign for Rubis that you should be aware of before investing here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About ENXTPA:RUI
Rubis
Engages in the operation of bulk liquid storage facilities for commercial and industrial customers in Europe, Africa, and the Caribbean.
6 star dividend payer with solid track record.
