Production of monopiles and transition pieces for Dogger Bank C and several components for offshore steel structures;
Workforce at end of Q1 stood at 393 permanent staff and 261 flexible staff (end of Q1 2023: 374 permanent and 244 flexible staff);
Total throughput of approximately 42 Kton steel (48 Kton in Q1 2023), on track for full year production of 165 Kton.
Key figures
Contribution of €33.6 million (€34.0 million in Q1 2023) of which €27.7 million for Wind (€29.8 million in Q1 2023), €3.0 million for Offshore Steel Structures (OSS) (€0,7 million in Q1 2023), €2.2 million for Engineering (€0,9 million in Q1 2023), €0.3 million for Marshalling (€2.2 million in Q1 2023) and €0.4 million for other activities (€0.4 million in Q1 2023);
Adjusted EBITDA of €8.0 million (€10.8 million in Q1 2023) on track for full year generation of €35 million adjusted EBITDA;
Net Working Capital at end of Q1 2024 -/- €158.3 million (-/- €133.4 million at end 2023);
Cash at the end of Q1 2024 of €140.7 million (€131.4 million at end 2023);
Orderbook contains approximately 125 Kton for remainder 2024 and 320 Kton for 2025 and beyond.
Reference is made to the PDF attachment for the full release
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Sif Holding NV published this content on
17 May 2024 and is solely responsible for the information contained therein. Distributed by
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17 May 2024 05:03:05 UTC.
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. 
