SIF : New factory start-up in July: harvesting season to start in 2025
>2025e/26e EBITDA estimates up by 5%/12% - Following last weeks’ site visit to the factory expansion project at the Maasvlakte, near Rotterdam, and the confirmation that Sif now has signed a new large transition piece contract for 2025 (100 TPs for Baltyk 2&3 = 30 kt), and expects to sign new monopile contracts for 2026 before end of the year, we today are upgrading our estimates for the coming years.Prime reason for the rise in our 2024e earnings estimates is th...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.