Brief: Sif Holding Q1 EBITDA Up At 8.1 Million Euros

Sif Holding NV

12/05/2021 05:52

May 12 (Reuters) - SIF HOLDING NV  SIFG.AS :
    * TRADING UPDATE Q1 2021
    * Q1 EBITDA €8.1M (€2.7M Q1 2020)
    * NET CASH AT THE END OF Q1 2021 €36.7M (€ 21M NET CASH AT
END Q1
2020)
    * NET WORKING CAPITAL AT END OF Q1 2021 - €24.9M (- €41.8M
AT END
Q1 2020)
    * ORDER BOOK APPROXIMATELY 140 KTON FOR REMAINDER 2021 AND
250
KTON FOR 2022-2023
    * OUR TOTAL PRODUCTION IN 2021 WILL END IN LINE WITH OUR
EARLIER
INDICATION OF 185 KTON OR 200 MONOPILES, RESULTING IN A MARKEDLY
HIGHER EBITDA LEVEL COMPARED TO 2020 - CEO
    * OUR ORDERBOOK OF 390 KTON STRETCHES OUT INTO 2023 - CEO
    * WE CURRENTLY ARE PRE-QUALIFYING OR TENDERING FOR PROJECTS
IN
EUROPEAN, AMERICAN AND ASIAN WATERS FOR THE 2023 AND BEYOND
TIMEFRAME - CEO
    * Q1 CONTRIBUTION €27.1M (€20.8M Q1 2020) OF WHICH €0.4M FOR
MARSHALLING (€0.4M IN Q1 2020) AND €0.4M FOR ENGINEERING
SERVICES
    * EBITDA FOR 2021 IS ALSO EXPECTED TO BE MARKEDLY HIGHER
THAN THE
2020 EBITDA


Further company coverage:  SIFG.AS 

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