Sif Full Year Results 2021
On the 18th of March, at 10:00 hrs CET Sif Holding N.V. presents full year 2021 results during a webcast analyst presentation. You can follow the webcast through the link on Sif's homepage www.sif-group.com or here.
Solid Execution, Backlog Additions and Blueprint for Capacity Expansion
Our key performance indicators
| People Planet | ||||
LTIF | Net CO2 emission | Contributed to | Project deliveries | Contract wins |
4.98 | 0 ton | 1,873 MW capacity | Hollandse Kust Zuid | Dogger Bank C, Maasvlakte 2 & 36 Kton exclusive |
| Profit | ||||
Contribution | EBITDA | Dividend proposal | ROACE | Order book for 2022-2024 |
€114.2 Million | €39.1 Million | €0.19 | 43.2% | 430 Kton |
Operational highlights:
- Total throughput of approximately 171 Kton of steel (2020:164 Kton) or 188 monopiles and primary steel for 55 transition pieces;
- Fabrication of foundations for Dogger Bank A: largest in Sif history with 8.60 diameters;
- Marshalling services for Kincardine floating offshore wind farm;
- Carbon neutral footprint through compensation from HaliadeX @13 MW wind turbine;
- Acquisition of KCI the engineers B.V. to strengthen engineering skills and capacity;
- Completion of new roll-on roll-off (RoRo) quay;
- Completion of blueprint for strategic expansion plan to increase production to ᴓ11.5 meters and 500 Kton production capacity.
Key figures 2021[1]:
- Dividend-proposal €0.19 per share (€0.12 in 2020);
- Year-end 2021 net working capital -/- €65.8 million (YE 2020 -/- €2.9 million);
- Year-end 2021 cash €73.2 million (YE 2020 cash of €2.6 million).
In € million | FY 2021 | FY 2020 | change YOY |
Contribution | 114.2 | 101.6 | +12.4% |
Adjusted EBITDA | 39.4 | 31.8 | +23.9% |
Earnings after tax (attributable to the shareholder) | 11.6 | 7.3 | +58.9% |
Production in Kton | 171 | 164 | +4.3% |
EPS in € | 0.45 | 0.29 | +58.9% |
LTIF in injuries per mln working hours | 4.98 | 2.48 | +99.2% |
Gross CO2 emission per ton | 21.5 | 19.3 | +11.4% |
Order book in Kton | For 2022 | For 2023 & beyond | |
Contracted | 180 | 214 | |
Exclusive negotiations | 36 | ||
For the full release we refer to the PDF attached
