Vopak: Q2 results down.
(CercleFinance.com) - Vopak has reported Q2 earnings that are down 4% at 73.
9 million euros, with a 13% decline in operating profit to 122.7 million euros, excluding extraordinary items.
Likewise, adjusted EBITDA for the Dutch oil and chemical storage specialist was down 7% at 191 million euros, on sales that are down 1% at 327.5 million euros.
The group expects FY 2017 EBITDA that is down 5% to 10% relative to last year, in particular taking into account a lower occupancy rate and additional costs related to growth and technology investments.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
9 million euros, with a 13% decline in operating profit to 122.7 million euros, excluding extraordinary items.
Likewise, adjusted EBITDA for the Dutch oil and chemical storage specialist was down 7% at 191 million euros, on sales that are down 1% at 327.5 million euros.
The group expects FY 2017 EBITDA that is down 5% to 10% relative to last year, in particular taking into account a lower occupancy rate and additional costs related to growth and technology investments.
Copyright (c) 2017 CercleFinance.com. All rights reserved.