Taulov Storage Company reports solid HY1 2025 results with strong growth momentum
Taulov, Denmark – 30 July 2025 – Taulov Storage Company, a leading independent provider of bulk liquid storage and energy transition infrastructure in Northern Europe, today announced strong financial and operational results for the first half of 2025. A resilient customer portfolio, successful growth projects in Denmark and Germany, and continued progress in sustainability initiatives supported performance. The company also raised its full-year 2025 outlook.
Key Highlights HY1 2025
Improve
Net profit (incl. exceptional items) of EUR 87 million in HY1 2025, up 42% year-on-year
Earnings per share (EPS) of EUR 1.05 (HY1 2024: EUR 0.74)
EBITDA (excl. exceptional items) of EUR 156 million, up 5% year-on-year
Completion of EUR 25 million share buyback program in June 2025
Outlook for FY 2025 increased due to strong occupancy and new contracts in renewable fuels storage
Grow
Commissioned 120k cbm of new capacity in Taulov (biofuels and chemicals)
Expansion of Hamburg terminal by 80k cbm LPG capacity successfully completed
Signed new long-term contracts with three major energy companies for ammonia and methanol storage
Advanced feasibility studies for CO₂ storage hub in Denmark
Accelerate
Final investment decision taken for 100k cbm green ammonia terminal in Taulov, to be operational in 2027
Entered FEED phase for hydrogen carrier storage solution in Bremen, Germany
Partnered with Port of Esbjerg to develop an offshore wind supply base with integrated fuel storage
CEO Statement
"The first half of 2025 demonstrates the resilience and adaptability of Taulov Storage Company. Our terminals in Denmark and Germany have seen strong demand across biofuels, LPG, and industrial chemicals. Importantly, we continue to accelerate investments in the energy transition, with a clear focus on ammonia, hydrogen carriers, and CO₂ infrastructure. These strategic steps ensure that we remain a trusted partner for our customers while creating long-term value for our shareholders. The solid financial performance gives us the confidence to raise our outlook for the full year 2025."-CEO Taulov Storage Company
Financial Highlights HY1 2025
IFRS Measures (incl. exceptional items):
Revenues: EUR 302 million (HY1 2024: EUR 285 million)
Net profit: EUR 87 million (HY1 2024: EUR 61 million)
Earnings per share (EPS): EUR 1.05 (HY1 2024: EUR 0.74)
Cash flow from operating activities: EUR 145 million (HY1 2024: EUR 138 million)
Alternative performance measures (excl. exceptional items):
EBITDA: EUR 156 million (HY1 2024: EUR 148 million)
EBITDA margin: 51.6% (HY1 2024: 52.0%)
Growth capex: EUR 88 million (HY1 2024: EUR 72 million), mainly driven by Taulov and Hamburg expansions
Operating capex: EUR 36 million (HY1 2024: EUR 33 million)
Business & Financial KPIs
Total storage capacity: 5.4 million cbm (HY1 2024: 5.2 million cbm)
Occupancy rate: 93% (HY1 2024: 92%)
Proportional operating cash return: 15.7% (HY1 2024: 15.2%)
Net interest-bearing debt: EUR 512 million (HY1 2024: EUR 498 million)
Leverage ratio: 2.3x EBITDA (within target range of 2.0–2.5x)
Sustainability Performance
Total Injury Rate (TIR): 0.19 (HY1 2024: 0.21)
Lost-Time Injury Rate (LTIR): 0.08 (HY1 2024: 0.10)
Scope 1 & 2 GHG emissions reduced by 9% YoY through renewable electricity sourcing
26% of senior management positions held by women (HY1 2024: 22%)
Outlook FY 2025
Taulov Storage Company expects:
Revenue growth of 8–10% compared to FY 2024
EBITDA between EUR 310–320 million
Occupancy to remain above 92%
Continued investments in energy transition infrastructure with growth capex of EUR 180–200 million
Taulov, Denmark – 30 July 2025 – Taulov Storage Company, a leading independent provider of bulk liquid storage and energy transition infrastructure in Northern Europe, today announced strong financial and operational results for the first half of 2025. A resilient customer portfolio, successful growth projects in Denmark and Germany, and continued progress in sustainability initiatives supported performance. The company also raised its full-year 2025 outlook.
Key Highlights HY1 2025
Improve
Net profit (incl. exceptional items) of EUR 87 million in HY1 2025, up 42% year-on-year
Earnings per share (EPS) of EUR 1.05 (HY1 2024: EUR 0.74)
EBITDA (excl. exceptional items) of EUR 156 million, up 5% year-on-year
Completion of EUR 25 million share buyback program in June 2025
Outlook for FY 2025 increased due to strong occupancy and new contracts in renewable fuels storage
Grow
Commissioned 120k cbm of new capacity in Taulov (biofuels and chemicals)
Expansion of Hamburg terminal by 80k cbm LPG capacity successfully completed
Signed new long-term contracts with three major energy companies for ammonia and methanol storage
Advanced feasibility studies for CO₂ storage hub in Denmark
Accelerate
Final investment decision taken for 100k cbm green ammonia terminal in Taulov, to be operational in 2027
Entered FEED phase for hydrogen carrier storage solution in Bremen, Germany
Partnered with Port of Esbjerg to develop an offshore wind supply base with integrated fuel storage
CEO Statement
"The first half of 2025 demonstrates the resilience and adaptability of Taulov Storage Company. Our terminals in Denmark and Germany have seen strong demand across biofuels, LPG, and industrial chemicals. Importantly, we continue to accelerate investments in the energy transition, with a clear focus on ammonia, hydrogen carriers, and CO₂ infrastructure. These strategic steps ensure that we remain a trusted partner for our customers while creating long-term value for our shareholders. The solid financial performance gives us the confidence to raise our outlook for the full year 2025."-CEO Taulov Storage Company
Financial Highlights HY1 2025
IFRS Measures (incl. exceptional items):
Revenues: EUR 302 million (HY1 2024: EUR 285 million)
Net profit: EUR 87 million (HY1 2024: EUR 61 million)
Earnings per share (EPS): EUR 1.05 (HY1 2024: EUR 0.74)
Cash flow from operating activities: EUR 145 million (HY1 2024: EUR 138 million)
Alternative performance measures (excl. exceptional items):
EBITDA: EUR 156 million (HY1 2024: EUR 148 million)
EBITDA margin: 51.6% (HY1 2024: 52.0%)
Growth capex: EUR 88 million (HY1 2024: EUR 72 million), mainly driven by Taulov and Hamburg expansions
Operating capex: EUR 36 million (HY1 2024: EUR 33 million)
Business & Financial KPIs
Total storage capacity: 5.4 million cbm (HY1 2024: 5.2 million cbm)
Occupancy rate: 93% (HY1 2024: 92%)
Proportional operating cash return: 15.7% (HY1 2024: 15.2%)
Net interest-bearing debt: EUR 512 million (HY1 2024: EUR 498 million)
Leverage ratio: 2.3x EBITDA (within target range of 2.0–2.5x)
Sustainability Performance
Total Injury Rate (TIR): 0.19 (HY1 2024: 0.21)
Lost-Time Injury Rate (LTIR): 0.08 (HY1 2024: 0.10)
Scope 1 & 2 GHG emissions reduced by 9% YoY through renewable electricity sourcing
26% of senior management positions held by women (HY1 2024: 22%)
Outlook FY 2025
Taulov Storage Company expects:
Revenue growth of 8–10% compared to FY 2024
EBITDA between EUR 310–320 million
Occupancy to remain above 92%
Continued investments in energy transition infrastructure with growth capex of EUR 180–200 million