Brief: Sif 9-Month Adjusted EBITDA Up At EUR 28.9 Mln

Sif Holding NV

04/11/2022 06:03

Nov 4 (Reuters) - SIF HOLDING NV  SIFG.AS :
    * OUTLOOK CONFIRMED, SOLID ORDERBOOK FOR 2023
    * TWO LOST TIME SAFETY- INCIDENTS IN Q3 2022: YTD SEVEN LTI
(THREE
IN FIRST NINE MONTHS 2021)
    * YEAR TO DATE (YTD) CONTRIBUTION INCREASED TO EUR 93.3
MILLION
(EUR 82.5 MILLION FIRST NINE MONTHS 2021)
    * ADJUSTED EBITDA YEAR TO DATE INCREASED TO EUR 28.9 MILLION
(EUR
28.4 MILLION FIRST NINE MONTHS 2021)
    * NET WORKING CAPITAL END OF Q3 2022 -/-EUR 43.4 MILLION
(-/-EUR
58.4 MILLION END OF Q3 2021 AND -/-EUR 42.0 MILLION END OF Q2
2022)
    * TOTAL CASH POSITION AT END OF Q3 2022 EUR 61.2 MILLION
(EUR 62.4
MILLION AT END OF Q3 2021 AND EUR 57.6 MILLION AT END OF Q2
2022)
    * THROUGHPUT OF 40 KILOTONS BRINGS YEAR TO DATE PRODUCTION
TO 129
KILOTONS (124 KILOTONS SAME PERIOD 2021)
    * ORDER BOOK 43 KILOTONS FOR Q4 2022, AND 278 KILOTONS FOR
2023
AND BEYOND
    * WE ARE ON SCHEDULE FOR DELIVERY OF FORECAST ADJUSTED
EBITDA FOR
FULL YEAR 2022 WHICH WE EXPECT TO BE SLIGHTLY HIGHER THAN
REALIZED ADJUSTED EBITDA IN 2021
    * WE HAVE MADE GOOD PROGRESS WITH PLANS TO EXPAND
MANUFACTURING
CAPABILITIES AND PRODUCTION CAPACITY AND EXPECT TO BE ABLE TO
GIVE AN UPDATE ON FINAL INVESTMENT DECISION IN Q4 2022

Source text for Eikon:  ID:nNDL5H7Jsj 
Further company coverage:  SIFG.AS 
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