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Vopak downgrades 2016 Ebitda outlook, maintains focus on expansion in Asia

9:09 AM MST | December 10, 2013 | Francinia Protti-Alvarez

Vopak (Rotterdam) expects a 2013 Ebitda of about €750 million ($1.03 billion)—within the company's previously communicated Ebitda outlook range of €730–780 million, the company announced today as part of an update of its long-term market outlook. However, the company does not expect next year's Ebitda to exceed the record high levels achieved in 2012—€768 million. Recent divestments and the introduction of new storage capacity expansions are anticipated to hurt Ebitda levels, Vopak says. Vopak is also unlikely to reach its...

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