Sif achieved the around four monopiles per week output target at the end of 2025 and expects the new factory to reach its planned potential in 2Q26. 4Q25 EBITDA came in at €21.3m, showing a long-awaited quarterly profitability improvement. This also indicates an annual potential EBITDA level of c.€85m, Sif kept its at least €135m EBITDA guidance for 2026 in place and we expect c.€123m EBITDA this year, c.9% below guidance. Although this is a major milestone for the equity story, a new problem em...
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