SIF : H1 in-line and new factory on track and on budget
>H1 adj. EBITDA up 22% and FY24 guidance confirmed - Production: 53 monopiles and 64 transition pieces (86 Kton) in foundation numbers more or less similar as 23H1 (52 monopiles and 66 transition pieces) but in steel volume lower (94 Kton).Revenue in H1 2024 up 6% y-o-y to € 231m (AAOB € 113m), implying Q2 revenues of € 124m, up 13% y-o-y after Q1 revenues of € 107m, down 1% y-o-y.Contribution margin up 10% y-o-y to € 78.6m (AAOB € 78.3m), implying Q2 up 20%...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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