Roermond,
18
May
2017
|
07:00
Europe/Amsterdam

Trading update Q1 2017 18 May 2017

Operational highlights:

Contract awards for Norther and Hohe See offshore wind parks

Delivery of monopiles and transition pieces for Galloper and Rentel offshore wind parks

Delivery of pin-piles for Beatrice jacket offshore wind project

Total throughput of approximately 57 Kton steel (46 Kton in Q1 2016)

o 93% for offshore wind (89% in Q1 2016)

o 7% for offshore oil & gas (11% in Q1 2016)

Financial key figures:

Contribution increased by 21.4% to € 37.5 million (€ 30.9 million Q1 2016)

Normalized EBITDAincreased by 1.7% to € 17.6 million (€17.3 million Q1 2016)

Operating Working Capital at end of Q1 2017 € 23.4 million (€ 8.3 million at year-end 2016)

NetDebt at end of Q1 2017 € 48 million (€ 42 million at year- end 2016)

Orderbook 210 Kton for 2017 and 97 Kton for 2018