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Koninklijke Vopak N.V. (VPK.AS)

Amsterdam - Amsterdam Delayed price. Currency in EUR
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39.78-0.05 (-0.13%)
At close: 5:36PM CEST
Full screen
Previous close39.83
Open39.76
Bid0.00 x 0
Ask0.00 x 0
Day's range39.76 - 40.07
52-week range37.04 - 51.60
Volume272,378
Avg. volume315,021
Market cap4.988B
Beta (5Y monthly)0.17
PE ratio (TTM)17.16
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yield1.20 (3.19%)
Ex-dividend date23 Apr 2021
1y target estN/A
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News
  • Globe Newswire

    Royal Vopak: Resolutions passed by Vopak’s Annual General Meeting

    The Annual General Meeting of Koninklijke Vopak N.V. (Royal Vopak) held on 21 April 2021 passed the following resolutions: Approval implementation remuneration policy for the 2020 financial year. Adoption of the financial statements for the 2020 financial year. Approval of the proposed dividend. A dividend of EUR 1.20 per ordinary share with a nominal value of EUR 0.50 will be distributed wholly in cash on 29 April 2021. As from 23 April 2021, the shares of Vopak will be listed ex-dividend on Euronext Amsterdam. Discharge from liability of the Executive Board members’ conduct of the company’s affairs for the 2020 financial year. Discharge from liability of the Supervisory Board members’ supervision exercised for the 2020 financial year. Appointment of Mr. R.M. Hookway (Richard) as a member of the Supervisory Board for a term of 4 years. Authorization of the Executive Board for a period of 18 months, up till and including 20 October 2022, to acquire, subject to the approval of the Supervisory Board, for valuable consideration, fully paid-up ordinary shares in Royal Vopak, on the stock exchange or otherwise, up to the maximum number that may be held by the company in accordance with the law and the Articles of Association in force at the date of acquisition. Appointment of Deloitte Accountants B.V. as the external auditor of Royal Vopak and their engagement to examine the company’s financial statements for the 2022 financial year. About Royal VopakRoyal Vopak is the world’s leading independent tank storage company. We store vital products with care. With over 400 years of history and a focus on sustainability, we ensure safe, clean and efficient storage and handling of bulk liquid products and gases for our customers. By doing so, we enable the delivery of products that are vital to our economy and daily lives, ranging from chemicals, oils, gases and LNG to biofuels and vegoils. We are determined to develop key infrastructure solutions for the world’s changing energy and feedstock systems, while simultaneously investing in digitalization and innovation. Vopak is listed on the Euronext Amsterdam and is headquartered in Rotterdam, the Netherlands. For more information, please visit vopak.com. For more information please contact: Vopak Press: Liesbeth Lans - Manager External Communication,Telephone: +31 (0)10 400 2777 | e-mail: global.communication@vopak.com Vopak Analysts and Investors: Laurens de Graaf - Head of Investor Relations, Telephone: +31 (0)10 400 2776 | e-mail: investor.relations@vopak.com This press release contains inside information as meant in clause 7 of the Market Abuse Regulation. The content of this report has not been audited or reviewed by an external auditor. Attachment 2021-04-21 Press Release Royal Vopak Resolutions passed by Vopak's Annual General Meeting

  • Globe Newswire

    Royal Vopak: Interim Update Q1 2021

    Royal Vopak: Interim Update Q1 2021 In EUR millionsQ1 2020Q4 2019Q1 2019Revenues300.1303.7296.9 Results -excluding exceptional items- Group operating profit before depreciation and amortization (EBITDA)200.4188.8200.2Group operating profit (EBIT)121.3108.6127.0Net profit attributable to holders of ordinary shares73.156.882.7Earnings per ordinary share (in EUR)0.580.460.65 Results -including exceptional items- Group operating profit before depreciation and amortization (EBITDA)200.4159.8198.5Group operating profit (EBIT)121.379.6125.3Net profit attributable to holders of ordinary shares73.124.081.0Earnings per ordinary share (in EUR)0.580.200.64 Cash flows from operating activities (gross)124.0268.8142.7Cash flows from investing activities (including derivatives)-138.6-317.529.8 Additional performance measures Proportional EBITDA -excluding exceptional items-245.6244.4241.0Proportional occupancy rate 89%91%86%Storage capacity end of period (in million cbm)35.735.634.3Occupancy rate subsidiaries88%90%84% Return on capital employed (ROCE)10.3%11.0%11.5%Average capital employed4,478.34,184.04,252.0Net interest-bearing debt2,723.62,589.42,321.9Senior net debt : EBITDA (for debt covenant)2.602.522.65 Highlights for Q1 2021 -excluding exceptional items-: EBITDA of EUR 200 million (Q1 2020: EUR 200 million). Adjusted for negative currency translation effects, EBITDA grew by EUR 10 million (5%) reflecting new contributions from growth projects and negative impact from tight chemical markets as a result of amongst others the Texas winter storm. Proportional occupancy rate of 89% (Q1 2020: 86%) reflected improved demand compared to the same period last year. Cost efficiency measures are tracking well and the cost level for Q1 2021 amounted to EUR 149 million (Q1 2020: EUR 153 million) including cost for new growth projects and business development efforts. EBIT of EUR 121 million (Q1 2020: EUR 127 million). Return on capital employed (ROCE) of 10.3% (Q1 2020: 11.5%). Net profit attributable to holders of ordinary shares of EUR 73 million (Q1 2020: EUR 83 million), resulting in earnings per ordinary share (EPS) of EUR 0.58 (Q1 2020: EUR 0.65). Vopak’s senior net debt to EBITDA ratio is 2.60 at the end of Q1 2021, within the target range. Portfolio items: At the end of the first quarter of 2021, Vopak started operations of the Vopak Moda Houston terminal (US Gulf Coast) and initial capacity expansions were delivered in Mexico and the Netherlands. In the second quarter of 2021, the greenfield industrial terminal in Qinzhou, China, with an initial capacity of 290,000 cbm is expected to start operations. After ten years of continuous, safe and successful LNG operations, Gate terminal in Rotterdam, the Netherlands, will start its major maintenance turnaround to ensure the best in class service for its customers. The maintenance work is scheduled to last for approximately 1 month starting 15 June 2021. Exceptional items Q1 2021: There were no exceptional items in Q1 2021. Subsequent events: On 21 April 2021, Vopak announced that it signed a Joint Development Agreement with Elestor for the development of a hydrogen bromine flow battery. The joint ambition is to scale up the electricity storage capacity of these flow batteries from 200 kWh to 3,000 kWh in a period of 2 years and then further develop it to industrial scale. This development is part of Vopak’s New Energy strategy. Looking ahead: In 2021, EBITDA contributions from 2020 and 2021 growth projects are expected to be at the higher end of the EUR 30 million to EUR 50 million range, subject to market conditions and currency exchange movements. Cost management continues and we expect to manage the 2021 cost base including additional cost for new growth projects to be managed below EUR 615 million, subject to currency exchange movements. Vopak has the ambition to allocate some EUR 300 million to EUR 350 million to growth investments in 2021 through existing committed projects, new business development and pre-FID feasibility studies in new energies including hydrogen. The majority of growth investments will be allocated towards industrial, gas and new energies infrastructures. Our positive views on chemicals have not changed. New growth investments in oil infrastructure are expected to be reduced and will mostly be targeted towards strengthening our leading hub positions. For 2021 and beyond, we will keep storing vital products with care to make a meaningful contribution to society, enabled by our financial performance. The analysts’ presentation will be given via an on-demand audio webcast on Vopak’s corporate website, starting at 8:45 AM CEST on 21 April 2021. For more information please contact:Vopak Press: Liesbeth Lans - Manager External Communication,Telephone: +31 (0)10 400 2777 | e-mail: global.communication@vopak.com Vopak Analysts and Investors: Laurens de Graaf - Head of Investor Relations, Telephone: +31 (0)10 400 2776 | e-mail: investor.relations@vopak.com About Royal VopakRoyal Vopak is the world’s leading independent tank storage company. We store vital products with care. With over 400 years of history and a focus on sustainability, we ensure safe, clean and efficient storage and handling of bulk liquid products and gases for our customers. By doing so, we enable the delivery of products that are vital to our economy and daily lives, ranging from chemicals, oils, gases and LNG to biofuels and vegoils. We are determined to develop key infrastructure solutions for the world’s changing energy and feedstock systems, while simultaneously investing in digitalization and innovation. Vopak is listed on the Euronext Amsterdam and is headquartered in Rotterdam, the Netherlands. For more information, please visit vopak.com. This press release contains inside information as meant in clause 7 of the Market Abuse Regulation. The content of this report has not been audited or reviewed by an external auditor.

  • Globe Newswire

    Royal Vopak successfully signs agreements for a new debt issuance of over USD 500 million equivalent

    Rotterdam, the Netherlands, 22 July 2020 Royal Vopak announces the signing of Note Purchase Agreements for a debt issuance in the US Private Placement (USPP) market for a total amount of USD 350 million and EUR 150 million. Funding will take place towards the end of this year and is subject to customary closing conditions.  On 18 June 2020, Vopak announced that it was exploring the possibilities and attractiveness of a debt financing transaction as part of its routine financing strategy. The senior Notes Program consists of various tranches with maturities ranging from 10 to 15 years and fixed annual interest rates ranging from 3.27% to 3.40% for the USD denominated Notes of 150 million and fixed annual interest rates ranging from 1.95% to 2.17% for the EUR denominated Notes 150 million. The subordinated Notes Program is USD denominated 200 million and consists of various tranches with maturities ranging from 4 to 8 years and fixed annual interest rates ranging from 3.68% to 4.07%. The proceeds of this USPP will be used to repay outstanding debt and for general corporate purposes. The program will further align the well spread debt maturity profile of Vopak’s outstanding debt, and will provide maximum flexibility under the current EUR 1 billion Revolving Credit Facility. Gerard Paulides, Chief Financial Officer of Vopak: “This successful signing of the debt issuance during the turbulent markets of 2020 demonstrates Vopak’s resilient business model and disciplined financial framework. The new issuance attracted interest from a broad range of new and existing investors and was more than 9 times oversubscribed, confirming Vopak’s ongoing competitive access to relevant capital markets. This debt issuance will further strengthen our balance sheet flexibility and supports our capital structure to continue to invest in growth opportunities for Vopak.” Profile Vopak  Royal Vopak is the world’s leading independent tank storage company. We store vital products with care. With over 400 years of history and a focus on sustainability, we ensure safe, clean and efficient storage and handling of bulk liquid products and gases for our customers. By doing so, we enable the delivery of products that are vital to our economy and daily lives, ranging from chemicals, oils, gases and LNG to biofuels and vegoils. We are determined to develop key infrastructure solutions for the world’s changing energy systems, while simultaneously investing in digitalization and innovation. Vopak is listed on the Euronext Amsterdam and is headquartered in Rotterdam, the Netherlands. For more information, please visit www.vopak.com. This press release contains inside information as meant in clause 7 of the Market Abuse Regulation. Disclaimer This notice is for information only, does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities of Vopak have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Act”) and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Act. For further information please contact: Vopak Press Liesbeth Lans, Manager External Communication, Telephone : +31 (0)10 4002777, e-mail: global.communication@vopak.com Vopak analysts and investors Laurens de Graaf, Head of Investor Relations Telephone : +31 (0)10 4002776, e-mail: investor.relations@vopak.com Attachment * Download full press release