Vopak reports strong growth figures in latest results

Royal Vopak has reported strong financial results for the past 12 months with progress made on strategy execution.

EBITDA for the year in 2023 increased to €964 million while the company also reduced its carbon footprint by 25%.
The company expanded its open access LNG capacity in the Netherlands to support energy security.

“I am proud to look back on a successful 2023,” said CEO Dick Richell.

“Our team at Vopak delivered on our strategic priorities and, with our well-diversified terminal portfolio, we are supporting the world’s need for energy security and the ongoing energy transition.

“We made good progress on our strategy to improve our financial and sustainability performance. Organic growth across most of the business units led to a healthy proportional occupancy of 91% and EBITDA of €964 million, which is a record result for Vopak.

“We were able to also increase the EBITDA margin by 2 percentage points. On safety, our first priority, we further improved our personal safety and maintained a very good process safety performance.”