Roermond, The Netherlands,

Trading update Q1 2018


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

Operational highlights:Q1 strong commercial quarter

  • Contract award for Borssele III & IV for production 2018 (wind)

  • Deutsche Bucht Demonstrator Project for production in 2018 (wind)

  • 100 Kton exclusive negotiations for production in 2019 (wind)

Delivery of monopiles and transition pieces for Hohe See, Norther and Albatros offshore wind farmsDelivery of pin-piles for Johan Sverdrup jacket oil & gas projectTotal throughput of approximately 52 Kton steel (66 Kton in Q4 2017)

  • 82% for offshore wind

  • 18% for offshore oil & gas

Financial key figures:Contribution € 27.6 million (€ 30.9 million Q4 2017)Normalized EBITDA € 10.1 million (€ 12.2 million Q4 2017)Net Working Capital at the end of Q1 2018 € 34.8 million (€ 7.1 million at year-end 2017)Net Debt at the end of Q1 2018 € 48.2 million (€ 25.1 million at year-end 2017)Order book approximately 185 Kton for 2018 and 160 Kton for 2019


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.