Sif Holding N.V. Announces Earnings Results for the Third Quarter and Year to Date Ended September 30, 2018; Announces Production Results for the Year to Date Ended September 30, 2018; Provides Production Guidance for the Full Year of 2018, 2019 and 2020; Provides CAPEX Guidance for Fiscal 2019
November 07, 2018
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Sif Holding N.V. announced earnings results for the third quarter and year to date ended September 30, 2018. For the quarter, the company reported adjusted LBITDA of EUR 1.1 million against adjusted EBITDA of EUR 11.2 million a year ago.
For the year to date, the company reported adjusted EBITDA of EUR 13.0 million against EUR 44.9 million a year ago. Net debt as on September 30, 2018 was EUR 43.1 million compared to EUR 52.5 million a year ago.
For the year to date, the company reported production of 100.0 Kton against 167.0 Kton a year ago.
For the full year of 2018, the company anticipates total production of 145 Kton.
For the full year of 2019, the company anticipates total production of 200 Kton.
For the full year of 2020, the company anticipates total production of 90 Kton.
For the Fiscal 2019, the company expects CAPEX at around EUR 10 million in addition to annual maintenance CAPEX of EUR 6 million to EUR 8 million.
Sif Holding N.V. specializes in the design and manufacturing of components used in offshore foundations for wind farms projects. The group primarily offers monopiles, transition pieces and piles that are used to anchor jacket foundations in the seabed for offshore wind turbines.
At the end of 2023, the group had 2 production sites located in the Netherlands.
Net sales are distributed geographically as follows: the Netherlands (3.4%), the United Kingdom (61%), Germany (19.6%), France (10.4%), Norway (1.8%), Belgium (1.1%), European Union (0.4%) the United States (1.9%) and other (0.4%).
Sif Holding N.V. Announces Earnings Results for the Third Quarter and Year to Date Ended September 30, 2018; Announces Production Results for the Year to Date Ended September 30, 2018; Provides Production Guidance for the Full Year of 2018, 2019 and 2020; Provides CAPEX Guidance for Fiscal 2019