(Reuters) -Dutch tank storage company Vopak raised its 2025 core profit forecast on Wednesday, citing strong first-half results and the resilience of its terminal network. The firm now expects core
Vopak Upgrades 2025 Profit Forecast Following Strong First Half Results
(Reuters) -Dutch tank storage company Vopak raised its 2025 core profit forecast on Wednesday, citing strong first-half results and the resilience of its terminal network.
The firm now expects core profit (proportional EBITDA) for the year to be between 1.17 billion euros ($1.35 billion) and 1.20 billion euros, slightly up from its earlier guidance range of 1.15 billion-1.20 billion euros.
Vopak, which provides storage and handling services to the energy and manufacturing end markets, posted first-half EBITDA of 615.3 million euros, marking a 3% year-on-year rise and beating ING's estimate of 599 million euros.
The Rotterdam-based firm's net profit surged 58% to 318.6 million euros in the first half, while its earning per share came rose to 2.74 euros from 1.73 euros a year ago.
Last month, Vopak listed its Indian joint venture, Aegis Vopak (AVTL), on the Indian bourses, generating an exceptional gain of 111 million euros.
($1 = 0.8657 euros)
(Reporting by Romolo Tosiani in Gdansk; Editing by Sumana Nandy and Mrigank Dhaniwala)
