Roermond, The Netherlands,
15
March
2018
|
07:00
Europe/Amsterdam

Full Year 2017 results

Summary

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

Operational highlights Q4:

  • Continued strong safety performance resulting in LTIF of 1.49 for FY 2017 (2.83 in 2016)
  • Production of monopiles and transition pieces for Hohe See, Albatros, Borwin 3, Trianel and Norther offshore wind farms
  • Delivery of pin piles for Peregrino jacket foundation
  • New location at Rotterdam (Maasvlakte 2) running at full capacity
  • Total throughput of approximately 66 Kton of steel (Q4 2016: 49 Kton) results in FY 2017 production of 232 Kton (FY 2016: 191 Kton)
    • 208 Kton (or 90%) for offshore wind
    • 24 Kton (or 10%) for oil & gas

Key figures Q4 and FY2017:

  • Q4 contribution of € 30.9 million (Q4 2016: € 30.9 million) results in FY 2017 contribution of € 135.6 million (FY 2016: € 129.5 million)
  • Q4 normalized EBITDA of € 12.2 million (Q4 2016: € 10.5 million) results in FY 2017 normalized EBITDA of € 57.1 million (FY 2016: € 65.4 million);
  • FY 2017 profit attributable to the shareholder € 30.8 million (FY 2016: € 37.4 million);
  • Earnings per share 2017 € 1.21 (€ 1.47 in 2016);
  • Dividend proposal € 0.30 in cash per share (€ 0.37 for 2016);
  • Year-end 2017 net working capital € 7.1 million (YE 2016: € 8.3 million)
  • Year-end 2017 net debt € 25.1 million (YE 2016: € 42.0 million)
  • Order book 115 Kton signed contracts and 70 Kton exclusive negotiations for 2018; 60 Kton signed contracts for 2019

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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.