Dutch tank storage firm Vopak lifts 2024 profit outlook (updated)

Koninklijke Vopak NV

24/04/2024 06:22

(Adds CEO quotes in paragraphs 2-3)
       April 24 (Reuters) - Dutch tank storage company Vopak
 VOPA.AS  hiked its full-year core profit forecast on Wednesday,
citing robust demand for its infrastructure services and
favourable market conditions.
    "The demand for our infrastructure services remained robust,
resulting in an increased proportional occupancy of 93%," CEO
Dick Richelle said in a press release.
    "Oil and gas markets were strong, driven by a higher demand
for energy, and rerouting of supply chains," Richelle added.
    The group, which operates terminals and storage facilities
worldwide, sees earnings before interest, tax, depreciation and
amortisation (EBITDA) of between 900 million and 940 million
euros ($963 million and $1 billion) in 2024, up from the 880-920
million euro range it forecast in mid-February.
($1 = 0.9342 euros)

 (Reporting by Michal Aleksandrowicz in Gdansk; Editing by Milla
Nissi)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))