Vopak: H1 earnings fall
(CercleFinance.com) - Vopak has unveiled H1 2018 adjusted net income group share that is down 7% at 140 million euros, with EBITDA that is down 6% at 371 million euros, mainly hit by FX factors.
The Dutch group specialized in tank storage saw its revenues fall by 6% to 626 million euros, with an occupancy rate down five points at 86%, with the oil market structure less favourable.
Given its expansion program for 2019 and its cost efficiency program, Vopak could significantly increase EBITDA next year, subject to market conditions and FX factors.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The Dutch group specialized in tank storage saw its revenues fall by 6% to 626 million euros, with an occupancy rate down five points at 86%, with the oil market structure less favourable.
Given its expansion program for 2019 and its cost efficiency program, Vopak could significantly increase EBITDA next year, subject to market conditions and FX factors.
Copyright (c) 2018 CercleFinance.com. All rights reserved.