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Vopak reports on Q1 2022 financial results
Vopak reports on Q1 2022 financial results
Rotterdam, the Netherlands, 20 April 2022
Highlights for Q1 2022 -excluding exceptional items - :
Portfolio items:
Exceptional items Q1 2022:
Subsequent events:
Looking ahead:
I mpact of the Russia-Ukraine war:
The Russian invasion of Ukraine is a major humanitarian drama and we sympathize with the people who are now suffering from the violence of war. Vopak is monitoring the situation closely and is fully committed to adhere to relevant sanctions laws and regulations. At the moment, restrictions under applicable EU sanctions are in general exempted in relation to the import of energy products into the EU. As governments try to ensure energy security and affordability, Vopak follows applicable government regulations with regard to energy imports from Russia.
The Russia-Ukraine war and the international sanction regimes make the market situation volatile and uncertain. Vopak's direct exposure is assessed to be limited. There is, however, an indirect exposure through factors such as utility prices, inflation, market conditions and exchange rates.
Impact of Covid-19 pandemic in 2022 :
The pandemic spread of Covid-19 remains an impactful event in several regions around the world, such as recently China. Our first priority in the Covid-19 response continues to be to protect the health and well-being of our people, their families and the communities in which we operate. Also in times of crisis, Vopak plays an important role within society by storing vital products with care.
Financial calendar
20 April 2022 Annual General Meeting
22 April 2022 Ex-dividend quotation
25 April 2022 Dividend record date
28 April 2022 Dividend payment date
12 May 2022 Capital Markets Day
27 July 2022 Publication of 2022 half-year results
11 November 2022 Publication of 2022 third-quarter interim update
Disclaimer
Any statement, presentation or other information contained herein that relates to future events, goals or conditions is, or should be considered, a forward-looking statement.
Although Vopak believes these forward-looking statements are reasonable, based on the information available to Vopak on the date such statements are made, such statements are not guarantees of future performance and readers are cautioned against placing undue reliance on these forward-looking statements. Vopak's outlook does not represent a forecast or any expectation of future results or financial performance.
The actual future results, timing and scope of a forward-looking statement may vary subject to (amongst others) changes in laws and regulations including international treaties, political and foreign exchange developments, technical and/or operational capabilities and developments, environmental and physical risks, (energy) resources reasonably available for our operations, developments regarding the potential capital raising, exceptional income and expense items, changes in the overall economy and market in which we operate, including actions of competitors, preferences of customers, society and/or the overall mixture of services we provide and products we store and handle.
Vopak does not undertake to publicly update or revise any of these forward-looking statements.
About Royal Vopak
Royal Vopak is the world's leading independent tank storage company. We store vital products with care. With over 400 years of history and a focus on sustainability, we ensure safe, clean and efficient storage and handling of bulk liquid products and gases for our customers. By doing so, we enable the delivery of products that are vital to our economy and daily lives, ranging from chemicals, oils, gases and LNG to biofuels and vegoils. We are developing key infrastructure solutions for the world's changing energy and feedstock systems, while simultaneously investing in digitalization and innovation. Vopak is listed on the Euronext Amsterdam and is headquartered in Rotterdam, the Netherlands. For more information, please visit vopak.com.
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 8:45 AM CEST on 20 April 2022.
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.
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