Vopak reports on Q1 2023 results

Vopak reports strong Q1 2023 results and increases FY 2023 outlook Key highlights Q1 2023Improve: Started the year with Q1 2023 EBITDA of EUR 249 million and increased our EBITDA outlook for FY 2023 to above EUR 950 million. Signed an agreement for a new debt issuance of EUR 400 million equivalent in the US Private Placement Market.Grow: Established a 50/50 joint venture with AltaGas for a large-scale LPG export facility in West Canada. Strengthening Vopak's...

Rotterdam, 26/04/2023 (informazione.news - comunicati stampa - trasporti)

Vopak reports strong Q1 2023 results and increases FY 2023 outlook 

Key highlights Q1 2023

Improve:  

Grow: 

Accelerate:

 

 

Royal Vopak chief Executive Officer Dick Richelle, comments on the Q1 2023 results

“We continue 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. The start to the year demonstrates the strength of our organization and diversity of our infrastructure portfolio across geographies, energy and manufacturing markets and customers. I am pleased to increase our outlook for the year 2023, supported by favorable storage demand and cost management. We will continue to deliver on our strategic goals while at the same time keeping our disciplined approach towards capital allocation.”

Financial highlights for Q1 2023 - excluding exceptional items

For more information please contact:

Vopak Press:  Liesbeth Lans - Manager External Communication,
e-mail: global.communication@vopak.com

V opak 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 video webcast on Vopak's corporate website, starting at 08:45 AM CEST on 26 April 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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