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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Koninklijke Vopak | EU:VPK | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.06 | -0.16% | 37.50 | 37.10 | 37.60 | 37.60 | 37.28 | 37.48 | 124,358 | 16:40:00 |
Rotterdam, the Netherlands, 26 April 2023
Vopak reports strong Q1 2023 results and increases FY 2023 outlook
Key highlights Q1 2023
Improve:
Grow:
Accelerate:
In EUR millions | Q1 2023 | Q4 2022 | Q1 2022 |
Revenues | 361.8 | 355.3 | 324.1 |
Results -excluding exceptional items- | |||
Group operating profit / (loss) before depreciation and amortization (EBITDA) | 249.0 | 227.8 | 213.1 |
Group operating profit / (loss) (EBIT) | 168.6 | 150.3 | 125.8 |
Net profit / (loss) attributable to holders of ordinary shares | 103.1 | 88.5 | 74.7 |
Earnings per ordinary share (in EUR) | 0.82 | 0.71 | 0.60 |
Results -including exceptional items- | |||
Group operating profit / (loss) before depreciation and amortization (EBITDA) | 249.0 | 226.2 | 213.1 |
Group operating profit (loss) (EBIT) | 168.6 | 148.7 | 125.8 |
Net profit / (loss) attributable to holders of ordinary shares | 103.1 | 86.9 | 74.7 |
Earnings per ordinary share (in EUR) | 0.82 | 0.70 | 0.60 |
Cash flows from operating activities (gross excluding derivatives) | 219.7 | 316.9 | 169.1 |
Cash flows from operating activities (gross) | 227.0 | 341.2 | 150.2 |
Cash flows from investing activities (including derivatives) | -103.1 | -100.7 | -94.8 |
Additional performance measures | |||
Proportional EBITDA -excluding exceptional items- | 294.1 | 269.6 | 253.7 |
Proportional capacity end of period (in million cbm) | 22.1 | 22.1 | 22.6 |
Proportional occupancy rate | 92% | 90% | 84% |
Storage capacity end of period (in million cbm) | 36.6 | 36.6 | 36.2 |
Subsidiary occupancy rate | 92% | 90% | 83% |
Proportional operating cash return | 15.4% | 9.3% | 11.7% |
Return on Capital Employed (ROCE) | 12.6% | 10.6% | 9.1% |
Average capital employed | 5,223.0 | 5,319.4 | 5,418.2 |
Net interest-bearing debt | 2,946.5 | 3,050.8 | 2,908.9 |
Senior net debt : EBITDA | 2.49 | 2.65 | 2.70 |
Total net debt : EBITDA | 2.69 | 2.85 | 2.92 |
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
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 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.
Attachment
1 Year Koninklijke Vopak Chart |
1 Month Koninklijke Vopak Chart |
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