Highlights:

  • High sales activity in closing and pursuing monopile projects for 2019-2021 timeframe
  • Appointment and start of CEO Fred van Beers
  • Production resumed in August after 4-month black-out period
  • Successful testing of blue piling innovation
  • Material supplies and load-outs delayed beyond Sif's control 

Key figures:

  • Year-to-Date contribution decreased to €57.0 million (€104.7 million YTD 2017)
  • Adjusted EBITDA Year to Date fell to €13.0 million (€44.9 million YTD 2017)  
  • Operating Working Capital at end of Q3 2018 €28.4 million (€32.7 million at end of Q2 2018)
  • Net Debt at end of Q3 2018 €43.1 million (€52.5 million at end of Q2 2018)
  • Throughput of 19 Kton brings Year to Date production to 100 Kton (167 Kton YTD Q3 201
    • 74% for offshore wind
    • 26% for offshore oil & gas & other
  • Order book 45 Kton for Q4 2018, 200 Kton for 2019 and 90 Kton for 2020
Highlights and Key Figures for Q3 2018.fin


This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Sif Holding NV via Globenewswire
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