Vopak : Solid beat of consensus expectations and outlook uplift
>Proportional results up 8-9% y-o-y and c. 5% ahead of consensus - Proportional 24Q1 results:Proportional revenues € 477.9m = adjusted for divestments (€ 44m) a rise by 8% y-o-yProportional EBITDA € 297.8m (consensus € 278.6m) = adjusted 9% increase y-o-y and with proportional occupancy 93% whereby Europoort capacity has been taken out for the calculation as it is labelled for redevelopment.Proportional EBIT € 181.2m = adjusted for divestments (€ 21m) a...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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