- CEO
- Jacques Riou
- Full Time Employees
- 4,614
- Sector
- Energy
- Industry
- Oil & Gas Refining & Marketing
- Address
- 46, rue Boissière Paris France 75116
- IPO Date
- Nov 11, 2014
- Business
- Rubis SCA (RUBSF) is a Paris-based independent energy group specializing in the downstream distribution and marketing of petroleum products, liquefied petroleum gas, bitumen, and renewable electricity production. Founded in 1990 and headquartered at 26 Boulevard des Capucines in Paris, France, the company operates through two primary segments: Energy Distribution, which encompasses retail and marketing of fuels, LPG, lubricants, aviation fuel, and bitumen under brands including RUBiS and ViTO; and Renewable Electricity Production via its Photosol subsidiary, focusing on photovoltaic power generation. It also provides support and services such as bulk liquid storage for fuels, biofuels, chemicals, and agrifood products; trading-supply; refining; shipping; car wash services; convenience stores; and quick-service restaurants, serving transportation, infrastructure, aviation, marine, hotel, public works, commercial, and industrial customers across more than 40 countries in Europe, Africa, the Caribbean, and the Indian Ocean.
In its Energy Distribution segment, Rubis retails fuels through approximately 1,200 service stations; distributes commercial and aviation fuels; markets LPG for domestic, industrial, and automotive use including autogas; supplies bitumen for road construction; and offers lubricants under the Castrol brand, with particular strength in LPG comprising over 90% of European gross profit and dynamic growth in aviation volumes up 25% in 2024. The Support and Services activities include operation of bulk storage terminals with 1.2 million cubic meters capacity, primarily in Europe, Africa, and the Caribbean; management of the SARA refinery in Martinique; and shipping via owned vessels for fuels and bitumen. Photosol manages 523 MWp of operational photovoltaic assets as of December 2024, with a secured portfolio of 1.1 GWp and a 5.4 GWp pipeline, targeting over 2.5 GWp secured by 2027 alongside consolidated EBITDA of €50-55 million and power EBITDA of €80-85 million.
Recent developments include the October 2024 completion of the sale of its 55% stake in Rubis Terminal to I Squared Capital for proceeds starting at €124 million, enabling debt reduction via an exceptional €0.75 per share interim dividend and reinvestment in Energy Distribution and renewables growth. In July 2024, Rubis Energie secured a $265 million private placement from PGIM Private Capital, its first U.S. deal, comprising three €70 million senior unsecured notes with 8-, 10-, and 12-year maturities to extend average debt maturity from three to five years. Governance evolution features the December 2024 appointment of Jean-Christian Bergeron as CEO of Rubis Énergie effective January 2025 to drive retail network expansion; proposals for Marc Jacquot and Bergeron as new Managing Partners from October 2025 ahead of founders Gilles Gobin and Jacques Riou stepping down post-2026 AGM; and enhanced Supervisory Board roles on strategy, budget, and succession following 2024 shareholder discussions. The group posted FY 2024 EBITDA of €721 million, net income Group share of €342 million including €83 million from the Terminal disposal, and cash flow from operations up 18% to €665 million, proposing a €2.03 per share dividend up 2.5%, marking 29 years of consecutive growth; it anticipates €710-760 million EBITDA in 2025 amid African volatility offset by Caribbean and European resilience.