Sif Group N.V.
ISIN: NL0011660485 | Ticker: SIFG | LEI: 724500J0BPD5CLHCK040
Country: Netherlands
Founded in 1948, Sif, is a company with a solid track record. From a purely manufacturing company of large, thick tubular steel structures, the company has transitioned towards a total solution provider of offshore wind monopile foundations. Today Sif employs over 600 people (approximately 50% of whom are on the payroll) at two manufacturing sites in the Netherlands: Roermond and Maasvlakte 2, near Rotterdam. Sif is listed on Euronext Amsterdam since May 2016.
Sif continuously strives to optimize its assets to meet market demands; Developers of offshore wind farms and EPCI contractors can rely on us for foundation design, fabrication, corrosion protection, and logistics services. Sif has an active role in developing new products, and we ensure that our production processes and resources are suitable for manufacturing of increasingly large monopiles.
1948
Served areaWorldwide
HeadquartersMijnheerkensweg 33, 6041 Roermond – Netherlands
| Line item in (eur) | 02.01.2019 | 01.01.2020 | 02.01.2020 | 01.01.2021 | 01.01.2022 | 01.01.2023 |
|---|---|---|---|---|---|---|
| Assets | N/A | 241,987,000.00 | N/A | 241,847,000.00 | 321,181,000.00 | 357,303,000.00 |
| Noncurrent Assets | N/A | 178,310,000.00 | N/A | 164,289,000.00 | 213,975,000.00 | 222,332,000.00 |
| Property Plant And Equipment | N/A | 119,459,000.00 | N/A | 110,340,000.00 | 107,612,000.00 | 116,415,000.00 |
| Investment Property | N/A | 400,000.00 | N/A | 400,000.00 | 425,000.00 | 515,000.00 |
| Intangible Assets Other Than Goodwill | N/A | 1,609,000.00 | N/A | 1,265,000.00 | 477,000.00 | 860,000.00 |
| Investments In Joint Ventures Accounted For Using Equity Method | N/A | 94,000.00 | N/A | 33,000.00 | 115,000.00 | 76,000.00 |
| Deferred Tax Assets | N/A | 181,000.00 | N/A | 349,000.00 | 748,000.00 | 0.00 |
| Current Assets | N/A | 63,677,000.00 | N/A | 77,558,000.00 | 107,206,000.00 | 134,971,000.00 |
| Inventories | N/A | 312,000.00 | N/A | 375,000.00 | N/A | N/A |
| Current Raw Materials And Current Production Supplies | N/A | N/A | N/A | 375,000.00 | 612,000.00 | 427,000.00 |
| Current Trade Receivables | N/A | 45,242,000.00 | N/A | 43,661,000.00 | 17,927,000.00 | 22,463,000.00 |
| Current Prepayments | N/A | 803,000.00 | N/A | 1,307,000.00 | 2,472,000.00 | 2,102,000.00 |
| Current Value Added Tax Receivables | N/A | N/A | N/A | 0.00 | 50,000.00 | 0.00 |
| Current Tax Assets Current | N/A | 2,376,000.00 | N/A | 0.00 | 0.00 | 1,832,000.00 |
| Other Current Financial Assets | N/A | 20,000.00 | N/A | 15,000.00 | 0.00 | N/A |
| Cash and cash equivalents | 505,000.00 | 1,579,000.00 | 1,579,000.00 | 2,645,000.00 | 73,201,000.00 | 89,832,000.00 |
| Equity And Liabilities | N/A | 241,987,000.00 | N/A | 241,847,000.00 | 321,181,000.00 | 357,303,000.00 |
| Equity | 83,537,000.00 | 86,697,000.00 | 86,697,000.00 | 94,270,000.00 | 103,097,000.00 | 105,764,000.00 |
| Issued Capital | N/A | 5,100,000.00 | N/A | 5,100,000.00 | 5,100,000.00 | 5,100,000.00 |
| Retained Earnings | N/A | 74,828,000.00 | N/A | 80,316,000.00 | N/A | N/A |
| Retained Earnings Profit Loss For Reporting Period | N/A | N/A | N/A | N/A | 11,590,000.00 | 7,217,000.00 |
| Retained Earnings Excluding Profit Loss For Reporting Period | N/A | N/A | N/A | N/A | 84,527,000.00 | 91,266,000.00 |
| Additional Paidin Capital | N/A | 1,059,000.00 | N/A | 1,059,000.00 | 1,059,000.00 | 1,059,000.00 |
| Equity Attributable To Owners Of Parent | N/A | 86,475,000.00 | N/A | 93,746,000.00 | 102,276,000.00 | 104,642,000.00 |
| Noncontrolling Interests | N/A | 222,000.00 | N/A | 524,000.00 | 821,000.00 | 1,122,000.00 |
| Liabilities | N/A | 155,290,000.00 | N/A | 147,577,000.00 | 218,084,000.00 | 251,539,000.00 |
| Noncurrent Liabilities | N/A | 78,901,000.00 | N/A | 51,896,000.00 | 102,396,000.00 | 100,972,000.00 |
| Noncurrent Provisions For Employee Benefits | N/A | 287,000.00 | N/A | 273,000.00 | 416,000.00 | 468,000.00 |
| Deferred Tax Liabilities | N/A | N/A | N/A | N/A | 0.00 | 688,000.00 |
| Other Noncurrent Liabilities | N/A | 1,487,000.00 | N/A | 1,484,000.00 | 1,407,000.00 | 810,000.00 |
| Longterm Borrowings | N/A | 22,872,000.00 | N/A | 0.00 | N/A | N/A |
| Current Liabilities | N/A | 76,389,000.00 | N/A | 95,681,000.00 | 115,688,000.00 | 150,567,000.00 |
| Current Provisions For Employee Benefits | N/A | 2,390,000.00 | N/A | 2,042,000.00 | 2,460,000.00 | 3,310,000.00 |
| Other Shortterm Provisions | N/A | N/A | N/A | N/A | 0.00 | 228,000.00 |
| Trade And Other Current Payables To Trade Suppliers | N/A | 37,733,000.00 | N/A | 63,438,000.00 | 62,082,000.00 | 92,333,000.00 |
| Current Contract Liabilities | N/A | 17,625,000.00 | N/A | 14,319,000.00 | 37,713,000.00 | 32,458,000.00 |
| Current Value Added Tax Payables | N/A | 1,731,000.00 | N/A | 5,482,000.00 | 0.00 | 4,172,000.00 |
| Current Tax Liabilities Current | N/A | 0.00 | N/A | 498,000.00 | 2,081,000.00 | 13,000.00 |
| Other Current Liabilities | N/A | 11,850,000.00 | N/A | 3,720,000.00 | 5,451,000.00 | 8,072,000.00 |
| Line item in (eur) | 01.01.2019/ 01.01.2020 |
01.01.2020/ 01.01.2021 |
01.01.2021/ 01.01.2022 |
01.01.2022/ 01.01.2023 |
|---|---|---|---|---|
| Revenue | N/A | 335,433,000.00 | 422,541,000.00 | 374,543,000.00 |
| Revenue From Contracts With Customers | 325,600,000.00 | 330,130,000.00 | 418,496,000.00 | 363,891,000.00 |
| Raw Materials And Consumables Used | 151,357,000.00 | 130,437,000.00 | 160,311,000.00 | 191,674,000.00 |
| Depreciation And Amortisation Expense | 17,207,000.00 | 20,348,000.00 | 21,712,000.00 | 24,226,000.00 |
| Other Gains Losses | N/A | N/A | 1,345,000.00 | 90,000.00 |
| Profit Loss From Operating Activities | 9,164,000.00 | 11,408,000.00 | 16,004,000.00 | 12,110,000.00 |
| Finance Costs | 2,667,000.00 | 2,396,000.00 | 2,352,000.00 | 2,010,000.00 |
| Impairment Loss Impairment Gain And Reversal Of Impairment Loss Determined In Accordance With I F R S9 | N/A | N/A | -16,000.00 | 3,000.00 |
| Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method | 53,000.00 | -61,000.00 | N/A | N/A |
| Profit Loss Before Tax | 6,528,000.00 | 8,949,000.00 | 15,095,000.00 | 10,188,000.00 |
| Income Tax Expense Continuing Operations | 818,000.00 | 1,376,000.00 | 3,208,000.00 | 2,670,000.00 |
| Profit (loss) | 5,710,000.00 | 7,573,000.00 | 11,887,000.00 | 7,518,000.00 |
| Profit Loss Attributable To Owners Of Parent | 5,488,000.00 | 7,271,000.00 | 11,590,000.00 | 7,217,000.00 |
| Profit Loss Attributable To Noncontrolling Interests | 222,000.00 | 302,000.00 | 297,000.00 | 301,000.00 |
| Line item in (eur) | 01.01.2020 | 02.01.2019 | 01.01.2021 | 02.01.2020 | 01.01.2022 | 01.01.2023 |
|---|---|---|---|---|---|---|
| Profit (loss) | 5,710,000.00 | N/A | 7,573,000.00 | N/A | 11,887,000.00 | 7,518,000.00 |
| Adjustments For Finance Costs | N/A | N/A | 2,396,000.00 | N/A | 2,352,000.00 | 2,010,000.00 |
| Adjustments For Decrease Increase In Inventories | 55,000.00 | N/A | -63,000.00 | N/A | -237,000.00 | 185,000.00 |
| Adjustments For Increase Decrease In Trade Account Payable | -721,000.00 | N/A | 18,716,000.00 | N/A | -1,720,000.00 | 26,544,000.00 |
| Adjustments For Provisions | -263,000.00 | N/A | 0.00 | N/A | 0.00 | 228,000.00 |
| Interest Paid Classified As Operating Activities | 2,667,000.00 | N/A | 994,000.00 | N/A | 947,000.00 | 822,000.00 |
| Income Taxes Paid Refund Classified As Operating Activities | 2,913,000.00 | N/A | -1,330,000.00 | N/A | 1,971,000.00 | 5,134,000.00 |
| Cash Flows From Used In Operating Activities | 30,853,000.00 | N/A | 34,336,000.00 | N/A | 91,230,000.00 | 50,360,000.00 |
| Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities | N/A | N/A | 0.00 | N/A | 567,000.00 | 0.00 |
| Purchase Of Property Plant And Equipment Classified As Investing Activities | 14,138,000.00 | N/A | 4,650,000.00 | N/A | 10,826,000.00 | 19,523,000.00 |
| Purchase Of Intangible Assets Classified As Investing Activities | 417,000.00 | N/A | 277,000.00 | N/A | 100,000.00 | 760,000.00 |
| Cash Flows From Used In Investing Activities | -14,485,000.00 | N/A | -4,927,000.00 | N/A | -11,493,000.00 | -20,283,000.00 |
| Payments Of Lease Liabilities Classified As Financing Activities | 4,334,000.00 | N/A | 5,645,000.00 | N/A | 5,947,000.00 | 8,595,000.00 |
| Dividends Paid Classified As Financing Activities | 2,550,000.00 | N/A | 0.00 | N/A | 3,060,000.00 | 4,851,000.00 |
| Cash Flows From Used In Financing Activities | -15,294,000.00 | N/A | -28,343,000.00 | N/A | -9,181,000.00 | -13,446,000.00 |
| Increase (decrease) in cash and cash equivalents after effect of exchange rate changes | 1,074,000.00 | N/A | 1,066,000.00 | N/A | 70,556,000.00 | 16,631,000.00 |
| Cash and cash equivalents | 1,579,000.00 | 505,000.00 | 2,645,000.00 | 1,579,000.00 | 73,201,000.00 | 89,832,000.00 |
Please note that some sums might not add up.
NL0011660485
LEI724500J0BPD5CLHCK040
SectorIndustrial Machinery & Supplies & Components
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