Operational highlights:

  • Continued strong safety performance resulting in LTIF of 0.97 for FY 2018 (1.49 in 2017)
  • Production and/or delivery of monopiles and transition pieces for Borssele 3+4, Hohe See, Albatros, Trianel and Norther offshore wind farms
  • Delivery of pin piles for Peregrino and Sverdrup jacket foundations
  • Innovations support decreasing LCOE for offshore wind
  • Contracts won for Seamade and Borssele 1+2+3+4
  • New exclusive position for 75 Kton project
  • Total throughput of approximately 138 Kton of steel (2017: 232 Kton)
  • 102 Kton (or 74%) for offshore wind
  • 34 Kton (or 24%) for oil & gas
  • 2 Kton (or 2%) for other

Key figures:

  • FY 2018 contribution of € 74.3 million (FY 2017: € 135.6 million)
  • FY 2018 normalized EBITDA of € 13.3 million (FY 2017: € 57.1 million); 
  • FY 2018 profit attributable to the shareholder -€ 2.1 million (FY 2017: € 30.8 million);
  • Earnings per share 2018 -€ 0.08 (€ 1.21 in 2017);
  • Dividend proposal € 0.10 in cash per share (€ 0.30 for 2017);
  • Year-end 2018 net working capital € 14.2 million (YE 2017: € 7.1 million)
  • Year-end 2018 net debt € 30.4 million (YE 2017: € 25.1 million)
  • Order book 210 Kton signed contracts for 2019; 155 Kton exclusive negotiations for 2020 and beyond
FY 2018 report 20190321


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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