Brief: Sif Holding Q3 EBITDA Up At 14.6 Million Euros

Sif Holding NV

07/11/2019 06:37

Nov 7 (Reuters) - Sif Holding NV  SIFG.AS :
    * HIGHLIGHTS AND KEY FIGURES FOR Q3 2019
    * EBITDA YEAR TO DATE INCREASED TO EUR 14.6 MILLION (EUR
13.0
MILLION YTD 2018)
    * NET DEBT EXCLUDING IFRS 16 AT END OF Q3 2019 EUR 19.2
MILLION
(EUR 43.1 MILLION AT END OF Q3 2018)
    * OPERATING WORKING CAPITAL AT END OF Q3 2019 -EUR 8.2
MILLION
(EUR 28.4 MILLION AT END OF Q3 2018)
    * ORDER BOOK 47 KTON FOR Q4 2019, 245 KTON FOR 2020
(INCLUDING 103
KTON FOR VINEYARD) AND 108 KTON FOR 2021
    * OUTCOME OF 2020 REMAINS UNCERTAIN WITH LIMITED CLARITY ON
TIMING
OF VINEYARD PROJECT
    * VINEYARD PROJECT: WE ARE STILL IN TALKS WITH CLIENT ON
DIFFERENT
SCENARIOS RANGING FROM FULL DELAY OF PROJECT TO MANUFACTURE OF
PART OF ORDER IN 2020
    * VINEYARD PROJECT: FURTHER NEWS ON TIMING IS NOT EXPECTED
BEFORE
DECEMBER 2019 BUT WITH PASSING OF TIME IT BECOMES LESS LIKELY
THAT VINEYARD WILL LEAD TO PRODUCTION IN 2020
    * FOR 2021 WE ALREADY BOOKED 108 KTON FOLLOWING RECENT
ADDITION OF
4(TH) PART OF HOLLANDSE KUST ZUID IN NETHERLANDS
    * WITH INCREASING AMBITIONS OF VARIOUS COUNTRIES AND HIGH
TENDER
ACTIVITY, WE EXPECT GOOD UTILIZATION FROM 2021 ONWARDS

Source text for Eikon:  ID:nGNE2v2Ggh 
Further company coverage:  SIFG.AS 

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