Roermond,
29
March
2017
|
07:00
Europe/Amsterdam

Full Year 2016 Solid Results in Breakthrough Year for Offshore Wind

Operational highlights:

Lost Time Injury Frequency below 3

Successful delivery of monopiles and transition pieces for Galloper, Dudgeon and Rampion

Successful delivery of components for Sverdrup and Maersk jackets

Construction of new plant atMaasvlakte 2 near Rotterdam

Total throughput of approximately 191 Kton of steel

Financial key figures:

Contribution 2016: € 129.5 million, 28.9% higher than 2015 (€ 100.5 million)

Normalized EBITDA: 2016 € 65.4 million, 13.1% higher than 2015 (€ 57.8million)

Net earnings 2016: € 37.4 million, 5% higher than 2015 (€ 35.6 million)

Earnings per share 2016: € 1.47, 5% higher than 2015 (€ 1.40)

Dividend proposal € 0.37 cash pershare

Revenue 2016: € 400.3 million, 24.6% higher than 2015 (€ 321.3 million)

Working Capital at yearend: € 8.3 million (YE 2015 € 19.3 million)

Net Debt at year end: € 42.0 million (YE 2015 € 26.9million)

Sif Group financing arrangements modified

Orderbook: 210 Kton for 2017 and 98 Kton for 2018