Brief: Sif Holding H1 EBITDA Drops To EUR 11.5 Million

Sif Holding NV

28/08/2020 06:41

Aug 28 (Reuters) - Sif Holding NV  SIFG.AS :
    * ORDER BOOK PER 28 AUGUST 2020 OF 300 KTON FOR 2021 AND
BEYOND
(300 KTON 28 AUGUST 2019)
    * H1 EBITDA OF € 11.5 MILLION (HY 2019: € 12.7 MILLION)
    * SIF HOLDING NV - H1 REVENUES OF EUR 151.2 MILLION (HY
2019: EUR
170.4 MILLION)
    * H1 OPERATING WORKING CAPITAL STOOD AT - EUR 64.5 MILLION
(HY
2019: -EUR 11.7 MILLION);
    * H1 NET CASH EXCLUDING LAND LEASE IFRS 16 OF EUR 38,3
MILLION (HY
2019: NET DEBT EUR 14.9 MILLION)
    * ORDER BOOK FOR REMAINDER OF 2020 SHOWS AN ESTIMATED 2020
FULL
YEAR PRODUCTION OF 170 KTON
    * ORDERBOOK FOR 2021 AND BEYOND HAS 100 KTON CONTRACTED WORK
AND
200 KTON IN EXCLUSIVE NEGOTIATIONS
    * EXPECTED PRODUCTION OF APPROXIMATELY 95 KTON FOR THE
SECOND HALF
OF 2020 WHERE WE WILL MAINLY MANUFACTURE FOR THE SAINT NAZAIRE
AND HOLLANDSE KUST ZUID PROJECTS
    * EXPECT TREND OF EUROPEAN PROJECTS FOR PERIOD 2021-2027
MOVING
FROM DRAWING BOARD TO TENDERING AND FROM TENDERING TO
MANUFACTURING TO MANIFEST IN H2-CEO
    * LEVERAGE RATIO AT THE END OF JUNE 2020 WAS 0
    * EXPECTS AN EBITDA LEVEL EQUAL TO 2019
    * GROSS PROFIT PER TON ALSO IMPROVED ON THE COMPARABLE
PERIOD IN
2019 AND ARRIVED AT € 349 FOR THE FIRST HALF OF 2020
    * OUTSIDE EUROPE WE SEE INCREASING MATERIALIZATION OF PLANS
TO
PRODUCE MORE SUSTAINABLE ENERGY-CEO

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

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