Royal Vopak has announced its full year results for 2023, via a video with CEO of Royal Vopak, Dick Richelle.
Key highlights include:
- EBITDA in FY2023 increased to EUR 964 million, proportional EBITDA to EUR 1,154 million and operating cash return to 14%
- Reduced its CO2 footprint by 25% compared to our baseline of 2021 and further improved its safety performance
- Actively managed its portfolio with strategic divestments completed and €523 million proceeds received
- EPS increased by 40% to EUR 3.29, dividend of EUR 1.50 per share announced, a 15% increase compared to 2022 and up to EUR 300 million to be returned to shareholders via a share buyback program
- Expanded its open access LNG capacity in the Netherlands to support energy security
- Strengthened its leading position in India
- Solidified its leading industrial terminal position with investments in Singapore, China and the United States Accelerate
- Commissioned repurposed infrastructure in the United States and Singapore for low-carbon transportation fuels
- Expanded capacity in the Netherlands and Brazil for feedstock for low-carbon transportation fuels
- Entered into the electricity storage sector in the United States, expected to be operational in the course of 2024
Watch the full video or read the extended press release here.
