Trading update Q1 2018

Operational highlights:Q1 strong commercial quarterContract award for Borssele III & IV for production 2018 (wind)Deutsche Bucht Demonstrator Project for production in 2018 (wind)100 Kton exclusive negotiations for production in 2019 (wind)Delivery of monopiles and transition...
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Operational highlights:
Q1 strong commercial quarter

  • Contract award for Borssele III & IV for production 2018 (wind)
  • Deutsche Bucht Demonstrator Project for production in 2018 (wind)
  • 100 Kton exclusive negotiations for production in 2019 (wind)

Delivery of monopiles and transition pieces for Hohe See, Norther and Albatros offshore wind farms
Delivery of pin-piles for Johan Sverdrup jacket oil & gas project
Total throughput of approximately 52 Kton steel (66 Kton in Q4 2017)

  • 82% for offshore wind
  • 18% for offshore oil & gas

Financial key figures:
Contribution € 27.6 million (€ 30.9 million Q4 2017)
Normalized EBITDA € 10.1 million (€ 12.2 million Q4 2017) 
Net Working Capital at the end of Q1 2018 € 34.8 million (€ 7.1 million at year-end 2017)
Net Debt at the end of Q1 2018 € 48.2 million (€ 25.1 million at year-end 2017)
Order book approximately 185 Kton for 2018 and 160 Kton for 2019

Trading update Q1 2018 3 May 2018


This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions 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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