Roermond, The Netherlands,

Trading update Q3 2018


Sif Holding N.V. (Euronext symbol SIFG / ISIN code NL0011660485) - Regulatory news


  • 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


About Sif Holding N.V.

Sif is a total solutions provider for design engineering and excellent manufacturing of offshore foundations for wind farms, including logistics and marshalling services. Sif traditionally serves the North-Western European markets and is exploring its global presence. Sif combines two highly automated and flexible production facilities in Roermond and Rotterdam (Tweede Maasvlakte) with technology leadership in rolling and welding of heavy steel plates, which is based on 75 years of experience and innovative in-house developed techniques and processes. Sif primarily produces monopiles, transition pieces and piles that are used to anchor jacket foundations in the seabed for offshore wind turbines.