28 February 2014 08:03 [Source: ICIS news]
SINGAPORE(ICIS)--Vopak’s net profit in 2013 fell 4% to €312.7m, partly on increased competition in certain markets in the storage sector, the Dutch logistics firm said on Friday.
Excluding exceptional items, the company’s net profit last year fell by 10% to €311.9m, the company said in a statement.
Full-year revenues dipped 1% to €1.30bn, while earnings before interest and taxes (EBIT) dropped 1% to €533.8m, it said.
Earnings before interest, tax, depreciation and amortisation (EBITDA), excluding exceptional items, were down 2% at €753.1m in 2013.
“For the first time in ten years, Vopak did not grow its earnings,” Vopak chairman Eelco Hoekstra said.
We expect that the current business climate will remain largely unchanged in 2014, with continuing regional divergences. Therefore, exceeding the record EBITDA of 2012 (€768m) will also remain a challenge in 2014,” Hoekstra said.
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.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections