Trading update Q1 2018
May 03 2018 - 1:00AM
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)
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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