Annual Report 2016

Sif is a leading provider of mission-critical steel foundations to offshore wind and oil & gas markets

Highlights 2016

  • Lost Time Injury Frequency (LTIF) 2.83.
  • Rampion and Dudgeon wind projects completed.
  • Components for Maersk and Svedrup jackets for oil & gas projects completed.
  • Construction of new plant at Maasvlakte 2 near Rotterdam.
  • First load-out of monopiles at new Maasvlakte 2 Rotterdam plant in January 2017.
  • Introduction of pull-production system in Roermond to improve efficiency and safety.

  • Financial Performance: 
    • Revenue €400.3 million with €129.5 million Contribution.
    • EBITDA €65.4 million (normalized for incidental expenses).
    • Profit attributable to the shareholder €37.4 million.
    • Earnings per share €1.47.
    • Dividend proposal €0.37 per share.
    • Order book 2017: 210 Kton filled.
  • IPO Euronext Amsterdam 12 May 2016.
  • New offices in Roermond completed.

Letter from the CEO

Jan Bruggenthijs

Dear Stakeholder,

2016 was, in general, a noteworthy year for us all with geopolitical issues, an unexpected Brexit vote and a growing Dutch economy. We faced the up-swing of offshore wind energy countering the slow down of investments in offshore oil and gas. 2016 also marked the successful introduction of Sif shares on the stock market, the ahead-of-schedule construction and successful start-up of our Maasvlakte 2 facility near Rotterdam and the Company’s best ever annual results in terms of contribution, produced tonnage and EBITDA.


Key figures 2014-2016


Transformational history

Monopile production process


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