Roermond, The Netherlands,

Trading update Q3 2017


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


  • Official opening of the new production plant at Maasvlakte 2 in Rotterdam
  • Contract awards for Tritan Knoll (offshore wind) and Peregrino (oil & gas)
  • Timely delivery of monopiles and transition pieces for Hohe See and Rentel offshore wind parks
  • Timely delivery of pin-piles for Oseberg and Sverdrup oil & gas jacket foundation

Key figures:

  • Contribution Year to Date increased by 6.2% to € 104.7 million (€ 98.6 million YTD 2016)
  • Normalized EBITDA Year to Date decreased by 18.2% to € 44.9 million (€ 54.9 million YTD 2016)
  • Operating Working Capital at end of Q3 2017 € 6,5 million (€ 18.1 million at end of Q2 2017)
  • Net Debt at end of Q3 2017 € 32.1 million (€ 47.7 million at end of Q2 2017)
  • Throughput of 59 Kton brings Year to Date production to 167 Kton (142 Kton YTD Q3 2016)
    • 90% for offshore wind
    • 10% for offshore oil & gas
  • Orderbook 53 Kton for Q4 2017, 122 Kton for 2018 and 60 Kton for 2019

See attachment for the full release.


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.