SIF : Tender activity remained very high, but potential additional capex requirements and 2021 EBITDA only ‘markedly’ improving
>High tender activity and strong visibility in offshore wind - Sif has a solid order book lined up for 2021 and beyond, with 185 kton of offshore wind projects scheduled for the year. For 2022 to mid-2023, the company has 250 kton scheduled, and we believe there are still plenty of potential offshore wind projects to fill up capacity beyond mid-2023. As tender activity remained high and demand is expected to exceed capacity. We believe Sif’s position improved signific...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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