Rubis Adr (RBSFY) Q3 2024 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.642 -- 00:00:06.046 Good day and welcome to today's Rubis Q3 and 9-month 2024 trading 00:00:06.046 -- 00:00:10.910 update call. Throughout today's recorded presentation, all participants will be in a 00:00:10.910 -- 00:00:15.433 listen-only mode. Later, we will conduct a question-and-answer session. 00:00:15.433 -- 00:00:20.917 You may register for questions by pressing star 1 on your telephone keypad at any time, 00:00:20.917 -- 00:00:23.980 and you may also submit your questions via the webcast. 00:00:23.980 -- 00:00:26.181 And now I'd like to hand the call over to Mr. 00:00:26.181 -- 00:00:30.363 Marc Jekyll, CFO. Please go ahead, sir. 00:00:30.561 -- 00:00:33.322 Good evening, ladies and gentlemen. 00:00:33.322 -- 00:00:38.805 Thank you for joining us today for this Q3 2024 trading update. 00:00:38.805 -- 00:00:45.347 I'm hosting the call today with Clemence Mignon du Perrault, head of investor relations. 00:00:46.829 -- 00:00:51.831 Before we dive into our business, let me remind you of 00:00:51.831 -- 00:00:54.752 the context of this quarter. 00:00:54.752 -- 00:00:59.795 We faced an extremely volatile oil price due to the escalation of the 00:00:59.795 -- 00:01:05.495 conflict in the Middle East, and prices fluctuated significantly 00:01:05.495 -- 00:01:10.619 through the quarter, especially in September and October with the 00:01:10.619 -- 00:01:14.681 general down rate trend globally. 00:01:15.663 -- 00:01:20.144 At previous level, the main elements of the quarters 00:01:20.906 -- 00:01:27.151 are the following. On the distribution side, we saw high volumes 00:01:27.151 -- 00:01:31.098 compared to last year with 7% increase. 00:01:31.098 -- 00:01:34.520 and 5% increase in the beginning of the year. 00:01:34.520 -- 00:01:39.623 This volume grow...