Vopak reports on Q3 2023 results

 Rotterdam, the Netherlands, 25 October 2023 Vopak reports strong third quarter 2023 results and increases its EBITDA outlook for FY 2023Key highlights Q3 2023Improve: EBITDA in Q3 2023 of EUR 241 million. FY 2023 EBITDA outlook increased to around EUR 970 million.Reached an agreement on the sale of chemical terminals in Rotterdam, the Netherlands.Grow:Gate terminal starts the construction of the 4th LNG tank at the port of Rotterdam, the Netherlands.Solidifying...

Rotterdam, 25/10/2023 (informazione.it - comunicati stampa - trasporti)

 

Rotterdam, the Netherlands, 25 October 2023

Vopak reports strong third quarter 2023 results and  increases its EBITDA outlook for FY 2023

Key highlights Q3 2023

Improve:

Grow:

Accelerate:

 

Royal Vopak Chief Executive Officer Dick Richelle, said: 

“The demand for our services remained strong, reflected by an improved proportional occupancy of 92%. EBITDA increased by 12% compared with last year, mainly driven by organic growth across most of the business units. We continued to make good progress on our strategy to improve our financial and sustainability performance, to grow our base in industrial and gas terminals, and to accelerate towards new energies and sustainable feedstocks. Our well diversified portfolio combined with our new streamlined organizational structure, positions us well to continue executing this strategy. We are pleased to increase the FY 2023 outlook, as we remain focused on the long-term value creation through disciplined and balanced capital allocation.”

Financial Highlights for YTD Q3 2023 - excluding exceptional items - 

Exceptional items in YTD Q3 2023 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 9:30 AM CEST on 25 October 2023.

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.

For Vopak's full press release, please refer to the attached document.

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