Vopak rises after another guidance hike

Koninklijke Vopak

Wed 08:11

** Shares in Vopak rise 2.7% after the Dutch tank storage operator lifted its full year targets for the second time this year, driven by strong storage demand and higher cash generation
** The company lifted the bottom end of its proportional EBITDA guidance to between €1.20 billion-€1.22 billion ($1,35 billion-$1,37 billion) from between €1.18 billion-€1.22 billion
** "The 3Q26 update once more confirms our appraisal of Vopak as an attractively priced, defensive grower," brokerage KBC Securities says in a note
** KBC adds that strong occupancy and guidance upgrades have yet to be fully reflected in the share price
** Including today's rise the stock has gained 44.1 % YTD
($1 = 0.8905 euros)

(Reporting by Hugo Lhomedet)
((hugo.lhomedet@thomsonreuters.com))