Brief: Sif Holding EBITDA Down At 2.7 Million Euros

Sif Holding NV

14/05/2020 06:52

May 14 (Reuters) - Sif Holding NV  SIFG.AS :
    * TRADING UPDATE: HIGHLIGHTS AND KEY FIGURES Q1 2020
    * Q1 CONTRIBUTION EUR 20.8M (EUR 18.8M Q1 2019)
    * Q1 EBITDA EUR 2.7M (EUR 4.1M Q1 2019)
    * NET WORKING CAPITAL AT END OF Q1 2020 - EUR 41.8M (- EUR
21.8M
AT END Q1 2019)
    * NET DEBT AT END OF Q1 2020 - EUR 21M (NET CASH) (EUR 21.3M
AT
END 2019)
    * ORDER BOOK APPROXIMATELY 135 KTON FOR REMAINDER 2020 AND
230
KTON FOR 2021 AND BEYOND
    * WORKFORCE AT END OF Q1 AT 236 FLEXIBLE AND 312 PERMANENT
FTE
(END OF Q1 2019; 220 FLEXIBLE AND 292 PERMANENT)
    * DUE TO LOWER THAN EARLIER ASSUMED PRODUCTION OUTPUT AND
IMPACT
OF COVID 19, EBITDA FOR 2020 IS NOW EXPECTED TO BE EQUAL TO 2019
EBITDA
    * FOR 2021 AND BEYOND, ORDERBOOK IS FILLING UP WITH RECENTLY
AWARDED PROJECTS FOR SIEMENS GAMESA AND AN UNDISCLOSED PROJECT
IN ADDITION TO EARLIER BOOKED HOLLANDSE KUST ZUID PROJECTS

Source text: https://bit.ly/3cvO0Ar
Further company coverage:  SIFG.AS 

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