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Vopak: EUR 152.9 million operating profit on core activities excluding exceptional items for 2004

04 March 2005, 00:00 - Rotterdam

Rotterdam, the Netherlands, 4 March 2005

2004 results

  • Net turnover EUR 642.1 million (2003: EUR 749.6 million)
  • Operating profit EUR 152.9 million on core activities excluding exceptional items (2003: EUR 148.3 million)
  • Net profit EUR 88.6 million (2003: EUR 104.5 million)
  • Net profit EUR 81.6 million excluding exceptional items (2003: EUR 81.8 million)

Effect of currency translation differences and disposals

  • Adjusted for currency translation and disposal effects, net turnover increased EUR 31.0 million (5%) compared with 2003
  • Adjusted for currency translation effects, operating profit on core activities excluding exceptional items rose EUR 13.3 million (10%) compared with 2003

Outlook

  •  Storage market for oil and chemical products is developing favourably
  • Outlook for 2005: increase in operating profit on core activities excludingexceptional items

Other

  • Net interest-bearing debt at year-end 2004 reduced by 18% to EUR 500.7 million
  • Proposed dividend: optional dividend of EUR 0.50 per ordinary share, in cash or in shares
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Vopak: EUR 152.9 million operating profit on core activities excluding exceptional items for 2004