SIF : Expansion project and backlog on track for EBITDA boost in 2025 & 2026
>Q3 stronger than expected as production downtime well under control - Throughput in 24Q3 was 42kt, down from 50kt a year ago, well ahead of our downbeat forecast of 24kt (for caution reasons we assumed longer downtime of the factory for the expansion project), implying YTD throughput is 128kt (144kt in 9M23).The expansion project is on schedule, now with two out of three production lines mechanically complete and now in the commissioning and operational start-up...Sif Holding NV is a company based in the Netherlands, which provides steel foundations to the offshore wind, oil and gas markets. The Company operates in two segments: the Offshore Wind segment focuses on manufacturing monopiles for offshore wind farms. Monopiles consist of a tubular structure, typically with conical, and are hammered into the seabed. The Oil and Gas segment specializes in the production of steel tubular parts for the offshore oil and gas industries, with focus on jackets and related structures. The Company focuses on the North Sea region and also manufactures parts for machines and civil engineering projects, such as tubulars used in the Maeslant storm surge barrier, tubular structures used in the London Eye, and foundations for jetties, which are mooring platforms for ships.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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