Brief: Sif Holding 9-Month EBITDA Up At EUR 17.3 Million

Sif Holding NV

04/11/2020 17:02

Nov 4 (Reuters) - SIF HOLDING NV  SIFG.AS :
    * EBITDA YEAR TO DATE INCREASED TO EUR 17.3 MILLION (EUR
14.6
MILLION YTD 2019)
    * YTD 8 SIF EMPLOYEES COVID19 INFECTED, NONE INFECTED AT
WORKING
PLACE. IMPACT OF SECOND WAVE COVID19 ON SIF OPERATIONS YET
UNCLEAR BUT NATIONAL TREND IS A CONCERN;
    * ORDER BOOK 52 KTON FOR Q4 2020, 182 KTON FOR 2021 AND 120
KTON
FOR 2022 AND BEYOND.
    * YEAR-TO-DATE (YTD) CONTRIBUTION INCREASED TO EUR 68.5
MILLION
(EUR 66.6 MILLION YTD 2019)
    * NET CASH EXCLUDING IFRS 16 AT END OF Q3 2020 EUR 49.5
MILLION
(NET DEBT EUR 19.2 MILLION AT END OF Q3 2019 AND NET CASH EUR
38.3 MILLION AT END OF Q2 2020);
    * FOR THE FULL YEAR 2020 WE ANTICIPATE TOTAL PRODUCTION OF
BETWEEN
165 AND 170 KTON WITH HOLLANDSE KUST ZUID IN EXECUTION
    * EBITDA FOR 2020 IS EXPECTED TO ARRIVE AT A LEVEL EQUAL TO
THAT
OF 2019 WHEN PRODUCTION WAS 185 KTON
    * 182 KTON HAS BEEN BOOKED FOR 2021 AND 120 KTON FOR 2022
AND
BEYOND WITH TENDERING ACTIVITY AT HIGH LEVELS
    * THE OUTLOOK FOR O&G REMAINS UNCHANGED AT A CLOSE TO ZERO
LEVEL.

Source text: https://bit.ly/2TViCDD
Further company coverage:  SIFG.AS 

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