SIF Trading update Q1 2018 – Heavy Lift News
3 May 2018

SIF Trading update Q1 2018

Topics:

SIF Maasvlakte. Photo: Richard L.Krabbendam ©

3 May 2018 

Operational highlights:

Q1 strong commercial quarter

  • Contract award for Borssele III & IV for production 2018 (wind)
  • Deutsche Bucht Demonstrator Project for production in 2018 (wind)
  • 100 Kton exclusive negotiations for production in 2019 (wind)

Delivery of monopiles and transition pieces for Hohe See, Norther and Albatros offshore wind farms

Delivery of pin-piles for Johan Sverdrup jacket oil & gas project

Total throughput of approximately 52 Kton steel (66 Kton in Q4 2017)

  • 82% for offshore wind 
  • 18% for offshore oil & gas 

 

Financial key figures:

Contribution € 27.6 million (€ 30.9 million Q4 2017)

Normalized EBITDA € 10.1 million (€ 12.2 million Q4 2017)  

Net Working Capital at the end of Q1 2018 € 34.8 million (€ 7.1 million at year-end 2017)

Net Debt at the end of Q1 2018 € 48.2 million (€ 25.1 million at year-end 2017)

Order book approximately 185 Kton for 2018 and 160 Kton for 2019

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