Brief: Sif Holding Sees Higher EBITDA Level In 2021

Sif Holding NV

27/08/2021 06:15

Aug 27 (Reuters) - Sif Holding NV  SIFG.AS :
    * H1 EBITDA OF € 20.2 MILLION (HY 2020: € 11.5 MILLION)
    * H1 REVENUES OF € 249.3 MILLION (HY 2020: € 151.2 MILLION)
    * ORDER BOOK PER 27 AUGUST 2021: 400 KTON FOR 2022 AND
BEYOND (300
KTON HY 2020)
    * H1 OPERATING WORKING CAPITAL STOOD AT - € 56.9 MILLION (HY
2020:
- € 64.5 MILLION);
    * WE EXPECT A SIGNIFICANTLY HIGHER EBITDA LEVEL IN 2021
COMPARED
TO 2020
    * EXPECTED PRODUCTION OF ROUGHLY 90 KTON FOR H2 WHERE WE
WILL
MAINLY MANUFACTURE FOR THE DOGGER BANK A PROJECT
    * ORDERBOOK FOR 2022 AND BEYOND HAS 270 KTON CONTRACTED WORK
AND
130 KTON UNDER EXCLUSIVE NEGOTIATIONS
    * SIF HOLDING NV SAYS OFFSHORE WIND SUPPLY CHAIN WILL BE
FACING
HIGH GROWTH RATES FOR THE YEARS TO COME
    * PART OF OUR PRODUCTION CAPACITY MAY REMAIN IDLE IN ABSENCE
OF
EBITDA- ENHANCING SMALLER DIAMETER PROJECTS - CEO

Source text for Eikon:  ID:nNDL2GWsgW 
Further company coverage:  SIFG.AS 

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