EnergyWatch

Downturn continues for Dutch foundation producer

Sif Group has not succeeded in reversing its downturn in the third quarter – quite the opposite.

Photo: SIF Group

2018 has not been an easy year for the Dutch foundation manufacturer, and the company saw its downturn continue in this year's Q3.

A press statement from Sif Group reports that the company's third quarter operating earnings landed at a deficit of EUR 1.1 million. For comparison, the company booked a profit of EUR 11.2 million in 2017.

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