Vopak targets a 17% rise in 2008 EBITDA to €318m

19 January 2009 09:06  [Source: ICIS news]

LONDON (ICIS news)--Vopak expects a 17% increase in its full year operating profits for 2008 driven by increased storage capacity and higher occupancy rates, the Dutch liquids terminal operator said on Monday.   

The group’s EBITDA (earnings before interest, tax, depreciation and amortisation) excluding exceptional items was forecast to hit €318m ($424m), up from €272.9m in 2007.

“The company has increased the global storage capacity with 23% to around 27 million cubic metres, whereby a continued high occupancy rate has been realized,” Vopak said in a statement.

Vopak’s final results will be released to the Amsterdam stock exchange on 13 March, the company said.

($1 = €0.75)   

To discuss issues facing the chemical industry go to ICIS connect

By: Mark Watts
+44 20 8652 3214

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly