Brief: Sif Holding Q1 Normalized Ebitda Down At 10.1 Million Euros

Sif Holding NV

03/05/2018 07:07

May 3 (Reuters) - SIF HOLDING NV  SIFG.AS :
    * Q1 NORMALIZED EBITDA EUR 10.1 MILLION (EUR 12.2 MILLION Q4
2017)
    * NET DEBT AT END OF Q1 2018 EUR 48.2 MILLION (EUR 25.1
MILLION AT
YEAR-END 2017)
    * THE TOTAL ORDER BOOK IN 2018 IS APPROXIMATELY 185 KTON
    * ORDER BOOK FOR 2019 CONTAINS 60 KTON IN SIGNED CONTRACTS
AND 100
KTON FOR WHICH CO IS IN EXCLUDING. NEGOTIATIONS
    * TENDER PIPELINE IS ALSO WELL FILLED FOR PROJECTS IN 2019
AND
2020
    * NET WORKING CAPITAL AT END OF Q1 2018 EUR 34.8 MILLION
(EUR 7.1
MILLION AT YEAR-END 2017)
    * SAYS  LOWER CAPACITY UTILIZATION RATE WILL STILL BE
EVIDENT IN
2018, PRIMARILY IN Q2 2018
    * SAYS  WILL USE Q2  TO CARRY OUT MAINTENANCE ACTIVITIES
    * SAYS PRODUCTION WILL INCREASE FROM JULY 2018 IN CONNECTION
WITH
COMMENCEMENT OF PROJECTS INCLUDING BORSSELE III & IV
    * Q1 CONTRIBUTION EUR  27.6 MILLION VERSUS EUR 30.9 MILLION
IN Q4
2017

Source text for Eikon:  ID:nGNEbBy4Wj 
Further company coverage:  SIFG.AS 

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