Vopak reports continued strong results in Q3 2024

Vopak reports continued strong results in Q3 2024Key highlights Q3 2024Improve Net profit -including exceptional items- YTD Q3 2024 of EUR 312 million and EPS of EUR 2.56 year to dateProportional EBITDA -excluding exceptional items 1 - increased YTD Q3 2024 by EUR 22 million to EUR 894 million driven by growth project contributions Our joint venture in India, has undertaken a primary equity issue of 3.4% for an equivalent amount of EUR 88 million and continues to explore...

The Netherlands, 30/10/2024 (informazione.it - comunicati stampa - trasporti)

Vopak reports continued strong results in Q3 2024

Key highlights Q3 2024

Improve

Grow

Accelerate

1  See Enclosure 3 for reconciliation to the most directly comparable subtotal or total specified by IFRS Accounting Standards

CEO statement

“We continued to execute on our improve, grow and accelerate strategy in the third quarter of this year. Demand for our infrastructure services remained healthy, reflected in a stable high proportional occupancy rate of 92%, increased proportional EBITDA and a strong operating cash return of 16.2% year to date. In India, our joint venture has successfully undertaken a primary equity issuance. We are pleased to welcome a new investor on board. The capital raised will be supporting among others our growth ambitions in India. We commissioned a new industrial terminal in Huizhou, China with a total capacity of 560,000 cbm, marking our 7th terminal in China in a new location. In gas, our growth projects are progressing well with the construction of our new LPG terminal in Canada and the expansions in LPG capacity in India. We are accelerating in new energies and sustainable feedstocks with recent developments for CO2 infrastructure in Australia and the Netherlands, and new opportunities at our Vopak Energy Park in Antwerp for green methanol and ammonia. We are well-positioned to capture opportunities which fit our improve, grow and accelerate strategy.”

Financial Highlights for YTD 2024 

IFRS Measures -including exceptional items-

Alternative performance measures -excluding exceptional items-

Business KPIs

Financial KPIs

Exceptional items in Q3 2024 consist of:

For more information please contact:

Vopak Press: Liesbeth Lans - Manager External Communication, e-mail: global.communication@vopak.com
Vopak Analysts and Investors: Fatjona Topciu - Head of Investor Relations, e-mail: investor.relations@vopak.com

The analysts' presentation will be given via an on-demand audio webcast on Vopak's corporate website, starting at 09:30 AM CET on 30 October 2024.

This press release contains inside information as meant in clause 7 of the Market Abuse Regulation. The content of this report has not been audited or reviewed by an external auditor.

 

2. To supplement Vopak's financial information presented in accordance with IFRS, management periodically uses certain alternative performance measures to clarify and enhance understanding of past performance and future outlook. For further information please refer to page 7 of the press release.

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