Operational highlights:
Contract
won for Borssele 3&4; financial close 28 June 2018
Contract
won for Tyra jacket components
Delivery
of monopiles and transition pieces for Hohe See and Borkum West 2
(Trianel) offshore wind farms
Delivery
of pin piles for Johan Sverdrup and Peregrino jacket
foundations
Extensive
maintenance program and layout adjustments during period of low
utilization
Total
throughput of approximately 81 Kton steel (108 Kton in HY1
2017)
Key figures:
Contribution
of € 45.6 million (HY 2017: € 74.4 million)
EBITDA
adjusted for IPO costs reached € 14.0 million (HY 2017: € 33.7
million)
Revenue
reached € 145.9 million (HY 2017: € 156.2 million)
Operating
working capital stood at € 32.7 million (HY 2017: € 18.1 million;
YE 2017: € 7.1 million)
Net
debt totaled € 52.5 million (HY 2017: € 47.7
million; YE 2017: € 25.1million)
Order
book per 23 August 2018 of 150 Kton for 2018, 200 Kton for 2019 and
90 Kton for 2020
Post reporting events:
New
CEO nominated for appointment at General Meeting of Shareholders 31
August 2018
Successful
test of Blue 25M hammer installation technology by Carbon Trust and
Fistuca
Entered
into exclusive negotiations for projects for 2019 (total approx.
115 Kton)
View attachment for the full
interim 2018 report
TRADING UPDATE HY1
20180823
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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