Vopak falls after Q3 earnings miss

Koninklijke Vopak NV

05/11/2025 08:34

** Shares in Vopak VOPA.AS fall around 4% after the Dutch tank storage company reported weaker than expected third-quarter core profit, due to one-off expenses and negative currency impact

** Q3 proportional EBITDA was 286.5 million euros ($334.1 million), below an estimate of 291 million in company-compiled consensus

** Vopak reported proportional occupancy rate down 2% year-on-year to 90%, due to timing effects in contract renewals

** Still, KBC analysts say in a note that Vopak's terminal network shows resilience, which was underpinned by reiterating full-year outlook

** Stock on track for its worst day since April, if losses hold

 (Reporting by Alban Kacher)

 ((alban.kacher@thomsonreuters.com))