April 23 (Reuters) - Dutch tank storage group Vopak (VOPA.AS) , opens new tab reported a marginal rise in first-quarter core earnings on Wednesday, driven by contributions from growth projects.

Proportional earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 0.7% to 300 million euros ($341.7 million) in the three-month period to March 31, up from 297.8 million euros in the year-ago period.

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Vopak commissioned new capacity in China and India, which supported core earnings growth, while expansions in Brazil, Thailand and Oman will unlock further profit opportunities, group CFO Michiel Gilsing told Reuters in an interview.

Last month, the company doubled its planned investments in gas and industry, committing another 1 billion euros to the sectors through 2030.

Vopak confirmed its outlook for this calendar year and firmed its forecast for proportional capex growth to 600 million euros from its previous 500-600-million-euro target range.

However, it warned the ongoing macroeconomic volatility could impact results, even if it was limited for now.

"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," group CEO Dick Richelle said in a statement.

($1 = 0.8779 euros)

https://www.reuters.com/business/energy/dutch-firm-vopak-posts-marginal-growth-first-quarter-core-earnings-2025-04-23/