Roermond,
28
August
2020
|
07:30
Europe/Amsterdam

Interim results 2020

Operational Highlights and Key figures for HY 2020

Operational Highlights Year to Date:

Safety first:

  • One LTI bringing LTIF to 2.36 for first half year 2020;
  • No COVID19 infections in our organisation as a result of rigorous measures;

Sustainable products and production:

  • 92% of production for Offshore Wind industry;
  • CO2 neutral with 12 MW windmill on Sif- premises;

Innovations:

  • Presentation of Skybox innovation;
  • Slip-joint foundation for Borssele 5 project;

New projects:

  • Contract win and production start for Akita Noshiro Japan;
  • Exclusive position for a 130 Kt undisclosed Offshore Wind project;
  • Contract win for marshalling activities from Siemens Gamesa for HKZ 1-4 project;
  • (post- closing date) Exclusive position for a 70 Kt undisclosed North Sea Offshore Wind project;
  • Contract win for logistical services for final assembly of 5 floating Offshore Wind units;

Operations:

  • Delivery of monopiles and transition pieces for Triton Knoll Offshore Windfarm;
  • Delivery of monopiles for Borssele 1-5 Offshore Windfarms;
  • Delivery of pinpiles and legs for Sverdrup P2 and Hod Field jackets;
  • Delivery of the Marshalling services for DEME for Borssele 1-2 Offshore Windfarms;
  • Work in progress for Saint Nazaire and Akita Noshiro;

Total throughput of approximately 76 Kton steel (94 Kton in HY1 2019)

  • 92% for offshore wind (96% HY1 2019)
  • 8% for offshore oil & gas (4% HY1 2019)

Key figures:

Contribution of € 45.7 million (HY 2019: € 45.5 million);

EBITDA of € 11.5 million (HY 2019: € 12.7 million);

Revenues of € 151.2 million (HY 2019: € 170.4 million);

Operating working capital stood at - € 64.5 million (HY 2019: -€ 11.7 million);

Net cash excluding land lease IFRS 16 of € 38,3 million (HY 2019: net debt € 14.9 million);

Order book per 28 August 2020 of 300 Kton for 2021 and beyond (300 Kton 28 August 2019)

  • 100 Kton signed contracts
  • 200 Kton exclusive negotiations