Brief: Vopak Increases Shareholder Distribution

Koninklijke Vopak NV

14/02/2024 06:06

Feb 14 (Reuters) - Koninklijke Vopak NV  VOPA.AS :
    * VOPAK REPORTS STRONG FY 2023 RESULTS, ANNOUNCES
SUBSTANTIAL
PROGRESS ON STRATEGY EXECUTION AND INCREASES SHAREHOLDER
DISTRIBUTION KEY HIGHLIGHTS FY 2023
    * EBITDA IN FY2023 INCREASED TO EUR 964 MILLION,
PROPORTIONAL
EBITDA TO EUR 1,154 MILLION AND OPERATING CASH RETURN TO 14%
    * FY EPS INCREASED BY 40% TO EUR 3.29, DIVIDEND OF EUR 1.50
PER
SHARE ANNOUNCED, A 15% INCREASE COMPARED TO 2022 AND UP TO EUR
300 MILLION TO BE RETURNED TO SHAREHOLDERS VIA A SHARE BUYBACK
PROGRAM
    * WE ARE INCREASING SHAREHOLDER DISTRIBUTION BY A
COMBINATION OF
GROWING DIVIDENDS BY 15% COMPARED TO 2022 AND A SHARE BUYBACK
PROGRAM OF UP TO EUR 300 MILLION
    * Q4 REVENUES EUR 352.8 MILLION VERSUS EUR 355.3 MILLION
YEAR AGO
    * Q4 EBITDA  EXCLUDING EXCEPTIONAL ITEMS EUR 228.8 MILLION
VERSUS
EUR 227.8 MILLION YEAR AGO
    * Q4 NET PROFIT ATTRIBUTABLE TO HOLDERS OF ORDINARY SHARES
EXCLUDING EXCEPTIONAL ITEMS EUR 109 MILLION VERSUS EUR 88.5
MILLION YEAR AGO

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

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