Half Year 2022 Koninklijke Vopak NV Earnings Presentation
(Reuters) -Vopak sees many opportunities to boost its portfolio in liquefied natural gas (LNG) worldwide as Europe braces for a tighter squeeze in Russian gas supply, the finance chief of the Dutch tank storage group said on Wednesday. With a dozen European Union countries already facing lower gas supplies, Brussels is urging member states to store gas for winter, against fears that Russia could halt flows in retaliation for sanctions over the Ukraine war. "A lot of the projects in our portfolio are non-European-based," newly-appointed Chief Financial Officer Michiel Gilsing told Reuters, citing plans to increase the firm's LNG capacity, including in places such as Hong Kong and Australia.
The Netherlands, 27 July 2022 Vopak reports improved results and asset impairment chargesWell diversified portfolio, proactively repurposing some of the existing assets to accelerate towards new energies and sustainable feedstocks Q2 2022Q1 2022Q2 2021 (restated) in EUR millionsHY1 2022HY1 2021 (restated)338.0324.1303.1Revenues 662.1 603.2 Results -excluding exceptional items- 219.4213.1204.7Group operating profit / (loss) before depreciation and amortization (EBITDA) 432.5 403.3130.9125.8124.3G