By Helena Smolak
Royal Vopak shares slid after the Dutch tank storage group posted lower first-quarter profit.
Shares of Vopak are down 3.5% in European morning trading, after falling as much as 8.2% earlier in the session. The stock is 15% lower year to date.
Royal Vopak said Wednesday that its net profit fell to 97.8 million euros ($111.7 million) from 105.8 million euros in the prior year period.
Its revenue rose 0.2% to 328.9 million euros, and proportional earnings before interest, taxes, depreciation and amortization increased 0.7% to 299.9 million euros.
"Across the markets we operate in, there is uncertainty on trade tariffs, while the situation continues to evolve and is dynamic, we currently foresee limited direct impact on Vopak in the short term," chief executive Dick Richelle said.
The group confirmed its 2025 outlook.
Write to Helena Smolak at helena.smolak@wsj.com
(END) Dow Jones Newswires
April 23, 2025 04:51 ET (08:51 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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