Brief: Sif Holding H1 unaudited income group share down at 19.4 million euros

Sif Holding NV

24/08/2017 06:04

Aug 24 (Reuters) - SIF HOLDING NV  SIFG.AS : 
    * H1 UNAUDITED REVENUE EUR 156.2 MILLION VERSUS EUR 205.3 
MILLION YEAR AGO 
    * H1 UNAIDITED OPERATING PROFIT EUR 25.7 MILLION VERSUS EUR 
28.6 MILLION YEAR AGO 
    * H1 UNAUDITED INCOME GROUP SHARE EUR 19.4 MILLION VERSUS 
EUR 22.6 MILLION YEAR AGO 
    * H1 NET DEBT TOTALED  47.7 MILLION (YE 2016:  42.0 
MILLION) 
    * ANTICIPATES EBITDA SHORTFALL IN H2 2017, VERSUS. H2 2016, 
TO BE ROUGHLY HALF OF SHORTFALL IN EBITDA FOR H1 2017 VERSUS. H1 
2016 
    * AS OF END OF H1 ORDER BOOK OF 109 KTON SIGNED CONTRACTS 
FOR 2018 
    * PROJECTS SUCH AS ALBATROS AND BORKUM II HAVE INCREASED OUR 
ORDER BOOK FOR 2018 TO 109 KTON 
    * PROJECTS INCLUDING ST NAZAIRE AND COURSEULLES IN FRANCE 
AND FRYSLAN IN THE NETHERLANDS, SCHEDULED FOR 2018 HAVE BEEN 
SHIFTED TO 2019 
    * WITH ANNUAL CAPACITY OF 300 KTON FROM 2018 AND ONLY FEW 
REMAINING OPPORTUNITIES FOR PRODUCTION IN 2018, WE ANTICIPATE 
SOME UNDERUTILIZATION OF PRODUCTION FACILITIES 
 
Source text for Eikon:  ID:nGNE5qQLwW  
Further company coverage:  SIFG.AS  
 
 (Gdynia Newsroom) 
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