Vopak : Adjusting for all special items, EBITDA still c. 4-5% ahead of consensus
>Official H1 results much better than expected but include special items - Vopak just published its Q2 results:Occupancy. On a group storage capacity of 34.7m cbm and proportional storage capacity of 20.1m cbm, 0.1m cbm less than in Q1, Vopak kept its occupancy rates stable q-o-q at 92%.Consolidated revenues in 24Q2 come in at € 325.5m (consensus € 329.6m, AAOB € 326.9m), as we expected slightly below Q1 (€ 328.2m), a normal seasonal pattern. Reason why Q2 c...Royal Vopak is a holding company. Via its subsidiaries, Co. acts as a tank storage provider for the oil and chemical industry. Co. operates a network of terminals located at locations along trade routes. Co. also provides a range of additional services, from loading and unloading a range of transport modalities to heating, cooling, blending and customs formalities. The customers Co. serves range from global to local clients and include national and global producers, governments, distributors and traders of liquid and gaseous bulk products. Co.'s customers are active in the production, trading and marketing of oil products, chemicals, gases, biofuels, edible oils and liquefied natural gas.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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