Gearing up for new industry design-standards and improved market outlook
Mar 21, 2019
Operational highlights:
- Continued strong safety performance resulting in LTIF of 0.97 for FY 2018 (1.49 in 2017)
- Production and/or delivery of monopiles and transition pieces for Borssele 3+4, Hohe See, Albatros, Trianel and Norther offshore wind farms
- Delivery of pin piles for Peregrino and Sverdrup jacket foundations
- Innovations support decreasing LCOE for offshore wind
- Contracts won for Seamade and Borssele 1+2+3+4
- New exclusive position for 75 Kton project
- Total throughput of approximately 138 Kton of steel (2017: 232 Kton)
- 102 Kton (or 74%) for offshore wind
- 34 Kton (or 24%) for oil & gas
- 2 Kton (or 2%) for other
Key figures:
- FY 2018 contribution of € 74.3 million (FY 2017: € 135.6 million)
- FY 2018 normalized EBITDA of € 13.3 million (FY 2017: € 57.1 million);
- FY 2018 profit attributable to the shareholder -€ 2.1 million (FY 2017: € 30.8 million);
- Earnings per share 2018 -€ 0.08 (€ 1.21 in 2017);
- Dividend proposal € 0.10 in cash per share (€ 0.30 for 2017);
- Year-end 2018 net working capital € 14.2 million (YE 2017: € 7.1 million)
- Year-end 2018 net debt € 30.4 million (YE 2017: € 25.1 million)
- Order book 210 Kton signed contracts for 2019; 155 Kton exclusive negotiations for 2020 and beyond
