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VPK - Koninklijke Vopak NV News Story

€47.57 -0.7  -1.5%

Last Trade - 12/12/19

Sector
Energy
Size
Large Cap
Market Cap £5.20bn
Enterprise Value £7.49bn
Revenue £1.07bn
Position in Universe 110th / 869

BRIEF-Koninklijke Vopak 9-Month EBITDA Up At 625 Million Euros

Mon 4th November, 2019 6:32am
Nov 4 (Reuters) - Koninklijke Vopak NV  VOPA.AS :
    * 9-MONTH EBITDA OF EUR 625 MILLION (YTD Q3 2018: EUR 554
MILLION)
INCREASED BY EUR 71 MILLION
    * 9-MONTH NET PROFIT ATTRIBUTABLE TO HOLDERS OF ORDINARY
SHARES
EUR 264 MILLION (YTD Q3 2018: EUR 211 MILLION)
    * REG-ROYAL VOPAK: INTERIM UPDATE YTD Q3 2019
    * 9-MONTH OCCUPANCY RATE OF 84% (YTD Q3 2018: 86%)
    * MOST OF THE FUEL OIL CAPACITY CONVERSIONS FOR THE IMO 2020
BUNKER FUEL REGULATIONS HAVE BEEN DELIVERED AND WILL SUPPORT
REVENUES AS FROM Q4 2019
    * VOPAK'S FUTURE COST BASE IS EXPECTED TO BE DELIVERED AND
THE
TARGETED COST LEVEL OF EUR 676 MILLION FOR 2019, AS COMMUNICATED
IN Q2 2018
    * GROWTH INVESTMENTS AMOUNT TO APPROXIMATELY EUR 1 BILLION
FOR THE
PERIOD 2017-2019
    * VOPAK WILL CONTINUE TO INVEST IN THE GROWTH OF ITS GLOBAL
TERMINAL PORTFOLIO IN 2020 AND BEYOND WITH GROWTH INVESTMENT FOR
2020 THAT COULD BE IN THE RANGE OF EUR 300 MILLION TO EUR 500
MILLION

Source text for Eikon:  ID:nGNE7nJLp3 
Further company coverage:  VOPA.AS 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))
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