Royal Vopak: Interim update YTD Q3 2016

Alleen voor leden beschikbaar, wordt daarom gratis lid!

Algemeen advies 07/11/2016 07:02
YTD Q3 YTD Q3
In EUR millions 2016 2015
Revenues 1,008.1 1,035.6 - 3%
Revenues adjusted for divestments 991.0 953.4 4%

Results -excluding exceptional items-
Group operating profit before depreciation and amortization (EBITDA) 624.7 602.1 4%
Group operating profit (EBIT) 429.5 412.2 4%
Net profit attributable to holders of ordinary shares 254.6 231.9 10%
Earnings per ordinary share (in EUR) 2.00 1.82 10%

Results -including exceptional items-
Group operating profit before depreciation and amortization (EBITDA) 830.4 617.9 34%
Group operating profit (EBIT) 635.2 428.0 48%
Net profit attributable to holders of ordinary shares 466.4 225.5 107%
Earnings per ordinary share (in EUR) 3.66 1.77 107%

Cash flows from operating activities (gross) 547.0 579.2 - 6%

Occupancy rate subsidiaries 94% 92% 2pp
Storage capacity end of period (in million cbm) 34.6 34.1 1%
Senior net debt : EBITDA 2.03 2.76

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.

tijd 16.19
De AEX neemt weer afstand van de jaar beginstand van 441.82 nu 446.66 +6,15 +1,40% breed gedragen door de positieve uitslag van de FBI.
Vopak levert in op de cijfers EUR 43,47 -64crt vol. 396.000



Beperkte weergave !
Leden hebben toegang tot meer informatie! Omdat u nog geen lid bent of niet staat ingelogd, ziet u nu een beperktere pagina. Wordt daarom GRATIS Lid of login met uw wachtwoord


Copyrights © 2000 by XEA.nl all rights reserved
Niets mag zonder toestemming van de redactie worden gekopieerd, linken naar deze pagina is wel toegestaan.


Copyrights © DEBELEGGERSADVISEUR.NL