Roermond, The Netherlands,
21
March
2019
|
07:00
Europe/Amsterdam

Full Year 2018 results

Gearing up for improved and newmarket outlook.

Summary

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

Operational highlights:

  • Continued strong safety performance resulting in LTIF of 0.97 for FY 2018 (1.49 in 2017)
  • Production and/or delivery of monopiles and transition pieces for Borssele 3+4, Hohe See, Albatros, Trianel and Norther offshore wind farms
  • Delivery of pin piles for Peregrino and Sverdrup jacket foundations
  • Innovations support decreasing LCOE for offshore wind
  • Contracts won for Seamade and Borssele 1+2+3+4
  • New exclusive position for 75 Kton project
  • Total throughput of approximately 138 Kton of steel (2017: 232 Kton)
  • 102 Kton (or 74%) for offshore wind

  • 34 Kton (or 24%) for oil & gas

  • 2 Kton (or 2%) for other

Key figures:

  • FY 2018 contribution of € 74.3 million (FY 2017: € 135.6 million)
  • FY 2018 normalized EBITDA of € 13.3 million (FY 2017: € 57.1 million);
  • FY 2018 profit attributable to the shareholder -€ 2.1 million (FY 2017: € 30.8 million);
  • Earnings per share 2018 -€ 0.08 (€ 1.21 in 2017);
  • Dividend proposal € 0.10 in cash per share (€ 0.30 for 2017);
  • Year-end 2018 net working capital € 14.2 million (YE 2017: € 7.1 million)
  • Year-end 2018 net debt € 30.4 million (YE 2017: € 25.1 million)
  • Order book 210 Kton signed contracts for 2019; 155 Kton exclusive negotiations for 2020 and beyond

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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.