Highlights for YTD Q3 2016 -excluding exceptional items-:
- EBITDA increased by 4% to EUR 625 million (YTD Q3 2015: EUR 602 million), to a large extent resulting from higher occupancy rates. Adjusted for the divestments in 2015 and early 2016, EBITDA increased by 8%.
- EBIT increased by 4% to EUR 430 million (YTD Q3 2015: EUR 412 million).
- Net profit attributable to holders of ordinary shares increased by 10% to EUR 255 million (YTD Q3 2015: EUR 232 million).
- Vopak's worldwide storage capacity on a 100% basis increased by 0.3 million cbm to 34.6 million cbm compared to year-end 2015.
Exceptional items YTD Q3 2016:
- Total exceptional gain before taxation amounts to EUR 206 million, which mainly relates to items reported in HY1 2016 and comprises of EUR 283 million gain on the divestment of the UK assets, an impairment in the EMEA division of EUR 44 million and impairments and increases in provisions of EUR 26 million in the Asia division. The exceptional items recognized in Q3 are immaterial.
Outlook for FY 2016 -excluding exceptional items-:
-
Vopak expects to complete a solid financial year with 2016 EBITDA exceeding 2015 EBITDA (EUR 812 million), implying that the full year divestment effects of approximately EUR 35 million and the negative FX results of approximately EUR 10 million have been compensated by positive business developments.
The analysts' presentation will be given via an on-demand audo webcast on Vopak's corporate website www.vopak.com, starting at 10:00 AM CET on 7 November 2016.
For more information please contact:
Press: Liesbeth Lans, Manager External Communication
Telephone: +31 (0)10 4002777, e-mail: global.communication@vopak.com
Analysts and investors: Chiel Rietvelt, Head of Investor Relations
Telephone: +31 (0)10 4002776, e-mail: investor.relations@vopak.com
This press release contains inside information as meant in clause 7 of the Market Abuse Regulation.