Core Insights - Rubis demonstrated resilience and strong performance in Q1 2025, with a total revenue increase of 2% year-over-year, reaching €1,697 million [2][5][18] - The company reaffirmed its 2025 guidance, expecting Group EBITDA between €710 million and €760 million [15][18] Sales Performance by Segment - **Energy Distribution**: Revenue increased by 2% to €1,687 million, with solid growth across all regions [2][5] - **Retail & Marketing**: Revenue rose by 2% to €1,420 million, driven by strong volume growth of 4% [2][5] - **Support & Services**: Revenue increased by 2% to €266 million, with a volume increase of 5% excluding crude deliveries [12] - **Renewable Electricity Production**: Revenue grew by 28% to €11 million, supported by a 19% increase in operational assets [13] Regional Performance - **Europe**: Revenue increased by 3% to €215 million [2] - **Caribbean**: Revenue slightly decreased by 1% to €584 million [2] - **Africa**: Revenue grew by 5% to €621 million, with strong performance in Togo and South Africa [2][5] Volume and Margin Analysis - Total volume sold increased by 4% to 1,552,000 m, with gross margin also up by 4% to €218 million [10] - **LPG**: Volume increased by 1% to 346,000 m, with stable gross margin [9] - **Fuel**: Volume grew by 2% to 1,071,000 m, with gross margin up by 10% [9] - **Bitumen**: Volume surged by 35% to 135,000 m, although gross margin decreased by 6% [11] Strategic Developments - Rubis acquired 60% of Soida in Angola, increasing its stake to 95%, enhancing its bitumen distribution capabilities [4] - The company published its first Sustainability Statement, outlining climate ambitions and decarbonization targets for 2030 [4][6] Leadership Changes - Alix Lajoie became President and Thomas Aubagnac became CEO of Photosol, with both previously serving as Deputy CEOs [14]