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MarketScreener Homepage  >  Equities  >  Euronext Amsterdam  >  Sif Group    SIFG   NL0011660485

SIF GROUP (SIFG)
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Delayed Quote. Delayed  - 10/15 05:35:14 pm
15.3 EUR   +0.66%
08/24SIF : Interim Results 2018
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Sif : Dutch wind farm supplier SIF warns of order-book weakness

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11/10/2017 | 09:45am CEST

AMSTERDAM (Reuters) - SIF Holding NV, the Dutch builder of huge steel foundations for offshore wind turbines, on Friday reported a 38 percent fall in third-quarter operating profit because of postponed projects.

The company also lowered its full-year production target by 5 percent to 220,000 metric tonnes, saying work has been shifted into 2018 and that it now expects an 8 percent decline in full-year core profit.

"We anticipate a slower 2018, with 122 kilotons (122,000 metric tonnes) currently in the order book," SIF said in a statement.

"Accordingly, we are reviewing short-term costs aggressively, while mindful of the need to preserve critical skills capacity for what is fundamentally a growth market through the next decade."

Shares in SIF slid by 12 percent to 16.15 euros by 0825 GMT.

The Dutch government, which is running behind on its international climate obligations, has announced plans for wind farms in the Dutch North Sea in the coming years.

SIF's third-quarter earnings before interest, tax, depreciation and amortisation (EBITDA) fell to 11.2 million euros (9.91 million pounds) on revenue that fell 9 percent to 30.3 million euros.

(Reporting by Toby Sterling; Editing by David Goodman)

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Financials (€)
Sales 2018 266 M
EBIT 2018 22,4 M
Net income 2018 18,0 M
Debt 2018 20,7 M
Yield 2018 1,69%
P/E ratio 2018 25,79
P/E ratio 2019 8,46
EV / Sales 2018 1,54x
EV / Sales 2019 0,95x
Capitalization 390 M
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Mean consensus OUTPERFORM
Number of Analysts 5
Average target price 20,9 €
Spread / Average Target 36%
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Managers
NameTitle
Fred van Beers Chief Executive Officer
André Goedée Chairman-Supervisory Board
Leon Verweij Chief Financial Officer
Peter J. Gerretse Member-Supervisory Board
Caroline van den Bosch Member-Supervisory Board
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