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 €57.0 million (€104.7 million YTD 2017)
  • Adjusted EBITDA Year to Date fell to €13.0 million (€44.9 million YTD 2017)  
  • Operating Working Capital at end of Q3 2018 €28.4 million (€32.7 million at end of Q2 2018)
  • Net Debt at end of Q3 2018 €43.1 million (€52.5 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
Highlights and Key Figures for Q3 2018.fin


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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Sif Holding NV via Globenewswire
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