SIF: Fors meer omzet (plus 80 mio), winst blijft steken op 37 miljoen

Funderingsbouwer SIF heeft over 2016 fors meer omzet gedraaid: van 321 miljoen in 2015 naar 400 miljoen in 2016. De nettowinst bleef steken op 37 miljoen, was in 2015 35 miljoen.

Dat blijkt uit de jaarcijfers die SIF vandaag gepubliceerd heeft.

De winst bleef achter omdat het bedrijf over de gehele linie fors meer kosten heeft gemaakt.

De schuldenlast van SIF steeg van 27 miljoen naar 42 miljoen euro. Dat heeft vooral te maken met de investering in de nieuwe fabriek op de Maasvlakte in Rotterdam.

Sif heeft een goede outlook afgegeven voor 2017, onder meer door de uitbreiding van de productiecapaciteit met eenderde in Rotterdam.

De resultaten van Sif werden op de beurs niet bepaald met gejuich ontvangen. Het aandeel staat al de hele dag stevig  in de min.


Jan Bruggenthijs, CEO of Sif, comments:
“Sif has focused on the production of monopiles for offshore windfarms since the turn of the millennium. Interest in sustainable energy has gradually increased and the number of offshore wind projects is growing steadily. With Levelized Costs of Energy (LCOE) dropping well below the 2020 target of € 100 per kwh, 2016 can be considered a breakthrough year for wind farm projects.
Our results for 2016 with 191 Kton produced are solid and at 210 Kton our order book for 2017 is well filled. With the delivery of foundations and transition pieces for projects like Galloper, Rampion and Dudgeon, Sif now ranks among the largest suppliers of monopiles for wind farms.
For the longer term we foresee further growth and healthy market conditions. Our € 90 million investment programs in the new plant at Maasvlakte 2 and improvements in Roermond are increasing Sif’s capacity from 225 Kton at the end of 2015 to 300 Kton on completion of the new plant at the end of 2017. The development of XL monopiles supports scale growth in offshore wind farms.

Sif is well positioned to benefit from the longer term market growth. Viewed on a year-to-year basis, utilization and results may be volatile. This is a characteristic of the project environment in which Sif is active: new projects involve large investments and complicated political or commercial decision processes. The shift of the anticipated grid connection of French and Dutch projects from 2020 to 2021 illustrates this. This will affect the wind farm supply-chain. In 2017 we will focus on the acquisition of projects matching our production schedule for 2018 and on measures that further strengthen our organization and cost- structure.”