EnergyWatch

Dutch foundations manufacturer impacted by delayed projects

The machines have been on pause for a little longer than is usual for Dutch foundations manufacturer Sif Group. The company has confidence in a Q2 improvement.

Photo: DanTysk

The first quarter has not been a particularly profitable one for foundations manufacturer Sif Group, nor does the second quarter look promising.

The company, which is Northern Europe's largest manufacturer of foundations for offshore wind turbines, emerged from the first quarter with EBITDA of EUR 10.1 million. This is a decline of 17 percent relative to the past quarter and is attributed to a 21.2 percent production decline.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Further reading

Related articles

Latest News

See all jobs