Vopak reports on HY1 2023 results

Vopak reports strong First Half Year 2023 results and confirms its outlook for FY 2023Key highlights HY1 2023Improve: EBITDA in HY1 2023 of EUR 494 million. FY 2023 outlook confirmed.Repurposing part of capacity into vegetable oil storage in Deer Park terminal, Houston.Completed divestment of Savannah terminal, Colombian chemical terminals classified as held for sale, strategic review of Vopak's three chemical terminals in the Port of Rotterdam is in progress.Grow: ...

Rotterdam, 28/07/2023 (informazione.news - comunicati stampa - trasporti)

Vopak reports strong First Half Year 2023 results and  confirms its outlook for FY 2023

Key highlights HY1 2023

Improve:

Grow:

Accelerate:

 

Royal Vopak Chief Executive Officer Dick Richelle, said:

“During the first half year of 2023 the demand for our services was strong, reflected by an occupancy of 91%. EBITDA increased 14% compared with last year, mainly driven by organic growth across most of the divisions. 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 simplified organizational structure, positions us well to continue to execute this strategy. We confirm FY 2023 outlook, as we remain focused on long-term value creation through disciplined and balanced capital allocation.”

Financial Highlights for HY1 2023 - excluding exceptional items

Exceptional items in HY1 2023 consist of:

These items have no impact on the leverage ratio and covenants level.

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 10:00 AM CEST on 28 July 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.

Attachment