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Vopak lifts full-year targets again on strong tank storage demand

By Reuters News

Nov 4 (Reuters) - Dutch tank storage operator Vopak VOPA.AS lifted its 2026 targets for the second time this year on Wednesday, as robust demand for storage capacity and new projects boost its earnings.

The company now expects its proportional earnings before interest, taxes, depreciation and amortization to land between €1.20 billion and €1.22 billion ($1.35 billion and $1.37 billion) in 2026. It also raised its full-year proportional operating free cash flow outlook by 2.4% to €840 million.

Recently commissioned projects, including a fourth LNG storage tank at the Gate terminal in Rotterdam, and expansions in Canada and India drove earnings growth in the third quarter, Vopak said.

($1 = 0.8905 euros)

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