SIF HOLDING Highlights and Key Figures for Q3 2018

Transparency directive : regulatory news

08/11/2018 07:00

Highlights:

  • High sales activity in closing and pursuing monopile projects for 2019-2021 timeframe
  • Appointment and start of CEO Fred van Beers
  • Production resumed in August after 4-month black-out period
  • Successful testing of blue piling innovation
  • Material supplies and load-outs delayed beyond Sif`s control 

Key figures:

  • Year-to-Date contribution decreased to EUR57.0 million (EUR104.7 million YTD 2017)
  • Adjusted EBITDA Year to Date fell to EUR13.0 million (EUR44.9 million YTD 2017)  
  • Operating Working Capital at end of Q3 2018 EUR28.4 million (EUR32.7 million at end of Q2 2018)
  • Net Debt at end of Q3 2018 EUR43.1 million (EUR52.5 million at end of Q2 2018)
  • Throughput of 19 Kton brings Year to Date production to 100 Kton (167 Kton YTD Q3 201
    • 74% for offshore wind
    • 26% for offshore oil & gas & other
  • Order book 45 Kton for Q4 2018, 200 Kton for 2019 and 90 Kton for 2020

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