Vopak reports strong FY 2024 results, increases dividend distribution and announces a new share buyback program

The Netherlands, 19 February 2025 Vopak reports strong FY 2024 results, increases dividend distribution and announces a new share buyback programKey highlights FY 2024ImproveNet profit -including exceptional items- FY 2024 of EUR 376 million and EPS of EUR 3.12Proportional EBITDA -excluding exceptional items 1 - increased in FY 2024 by EUR 16 million to a record of EUR 1,170 millionSuccessfully completed share buyback program of EUR 300 million, proposed a dividend of EUR 1...

Rotterdam, 19/02/2025 (informazione.news - comunicati stampa - trasporti)

Vopak reports strong FY 2024 results, increases dividend distribution and announces a new share buyback program

Key highlights FY 2024

Improve

Grow

Accelerate

CEO message

“I am proud to reflect on our successes during 2024. The Vopak team has delivered on our strategic priorities to improve our sustainability and financial performance, grow our footprint in gas and industrial terminals, and accelerate progress in new energies and feedstocks. The demand for our infrastructure services continued to be strong across most business units, underpinned by a proportional occupancy of 93% and leading to a record level of proportional EBITDA. On safety, which is our most important priority, we delivered solid results in both personal and process safety. We made good progress on the expansions of our gas infrastructure in Canada, India and the Netherlands and on industrial expansions in China and Saudi Arabia. In India, our joint venture AVTL, is exploring options to fund growth through a local listing. In multiple locations around the world we are repurposing capacity for new energies and in the US and the Netherlands we made our first investments in battery energy storage. Driven by strong cash generation from our portfolio and our robust financial position, we are proposing an increase in the dividend distribution of 6.7% compared to 2023 and announcing a new share buyback program of up to EUR 100 million in 2025. We look forward to providing further updates on our strategic priorities and long-term outlook during our Capital Markets Day on 13 March 2025.”

Financial Highlights for FY 2024

IFRS Measures -including exceptional items- 

  Alternative performance measures -excluding exceptional items-

Business KPI

Financial KPIs

Exceptional items in Q4 2024:

See Enclosure 3 for reconciliation to the most directly comparable subtotal or total specified by IFRS Accounting Standards
2024 GHG emissions in the table of 253.7 thousand MT reflects a revised operational boundary compared to 425 thousand MT of FY 2023 . Further details can be found in Enclosure 3 of the press release and the 2024 Annual Report's Sustainability notes
 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. 

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 CET on 19 February 2025.

Auditor's involvement
This press release and enclosures of the press release are based on the 2024 Financial Statements. The Financial Statements are published in accordance with statutory provisions. The auditor has issued an unqualified auditor's report on the Financial Statements.

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