SIFG SIF HOLDING NV

Sif preferred supplier for 33 Monopiles and 33 Transition Pieces

Sif preferred supplier for 33 Monopiles and 33 Transition Pieces

For immediate release

Sif preferred supplier for 33 Monopiles and 33 Transition Pieces

 

Year- end backlog update

Roermond, 27th December 2019. Sif Holding n.v. has entered into exclusive negotiations for the delivery of 33 monopiles and 33 Transition pieces (25 KTon steel) for an offshore wind project in Japan. The current state of negotiations has led to a pre- order of the steel for the project. Manufacture of the MP/TP-foundations and disclosure of project details is subject to the issue of a Notice To Proceed (NTP) by the client. Sif’s orderbook for 2020 now has approximately 175 Kton of which 25 Kton under exclusive negotiations and 150 Kton in firm projects.

CONTACT


For further information, please contact:

Sif Holding N.V.
Fons van Lith
+31 (0)475 385 777
+31 (0)6 513 14952

ABOUT SIF HOLDING N.V.


Sif is a leading manufacturer of large steel tubulars, which are used as foundation components for the offshore wind and offshore oil & gas markets. The Company manufactures customized tubular components for offshore foundations, predominantly in the greater North Sea region. Sif combines a highly automated and flexible production facility with technology leadership in rolling and welding of heavy steel plates, which is based on over 70 years of experience and innovative in-house developed techniques and processes. Sif primarily produces monopiles, transition pieces and piles that are used to anchor jacket foundations in the seabed for offshore wind turbines. It furthermore produces legs, pile sleeves and piles of the larger jackets for oil & gas and tubular structures for various uses such as jetties. Sif is listed on Euronext Amsterdam.

Attachment

EN
27/12/2019

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on SIF HOLDING NV

ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

Adyen: New Platforms partnership in APAC / Dutch Pension Reform (Wtp): 1/3 transitioned (c.25 funds), 2027 challenging / IBA: Sale of a P1 system to MacKay Memorial Hospital in New Taipei City, Taiwan / KPN: 4Q25 preview / Offshore Wind: North Sea offshore wind pact to develop 300GW by 2050 / Vår Energi: RRR 2P 185% offsets slight pressure on expected production volumes 4Q

Thijs Berkelder
  • Thijs Berkelder

SIF : Key for 2026 is efficient order delivery, but key for 2027 is ne...

Today we resume our coverage on SIF with a Neutral recommendation, and a TP of € 7.1. If SIF in the coming 12 months is able to deliver on its 2026 guidance, and refill its 2027 & 2028 order backlog with new large contracts, the stock has large upside potential. If they do not deliver, the stock has further downside potential.

Thijs Berkelder
  • Thijs Berkelder

ResearchPool Subscriptions

Get the most out of your insights

Get in touch