Vopak reports continued strong results and announces capacity expansions in industrial terminals

The Netherlands, 26 July 2024 Vopak reports continued strong results and announces capacity expansions in industrial terminalsKey highlights HY1 2024ImproveNet profit -including exceptional items- in HY1 2024 of EUR 213 million and EPS of EUR 1.73Proportional EBITDA -excluding exceptional items 1 - increased in HY1 2024 to EUR 599 million compared to HY1 2023 (EUR 586 million), driven by growth project contributions and a certain one-off item that fully offset divestment...

Rotterdam, 26/07/2024 (informazione.it - comunicati stampa - trasporti)

Vopak reports continued strong results and announces capacity expansions in industrial terminals

Key highlights HY1 2024

Improve

Grow

Accelerate

  1.   See Enclosure 2 for reconciliation to the most directly comparable subtotal or total specified by IFRS Accounting Standards

CEO statement
“In the first half of 2024, financial performance of our network improved and we executed on our strategy by growing in industrial and gas terminals and accelerating towards new energies and sustainable feedstocks. A continued healthy demand for our infrastructure services resulted in a 92% proportional occupancy in the first half year. With regards to safety, we continued to perform well compared to the first half of last year. We had strong results in executing our strategy by committing to develop a large-scale LPG export facility, together with our partner in Western Canada. In our existing industrial terminal portfolio we are expanding in Saudi Arabia and China. Simultaneously, we are accelerating in new energies and sustainable feedstocks by entering the FEED phase for CO infrastructure in Rotterdam, and we commissioned repurposed capacity for renewable feedstock in Brazil and vegetable oil in the United States of America. We are well-positioned to capture opportunities which fit our improve, grow and accelerate strategy.”

Financial Highlights for HY1 2024

IFRS Measures -including exceptional items-

Alternative performance measures -excluding exceptional items-

Business KPIs

Financial KPIs

Exceptional items in Q2 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 10:00 AM CEST on 26 July 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 8 of the press release.

Attachment