Roermond,
05
November
2021
Trading update Q3 2021
Execution of orderbook on schedule, transformational plan for future manufacturing nearing completion
Highlights Q3:
-
2 lost time safety- incidents: YTD number of LTI now 3 (1 in Q3 2020);
-
COVID-19 measures: still alert in respect of recent developments;
-
Fine-tuning production lines for start-up of Dogger Bank A;
-
High tender activity for post-2023 with a mix of smaller and larger sized projects;
-
Tight labor market for multiple disciplines;
-
Construction of Roll-on -Roll-off quay and 200-meter quay-extension progressing towards completion;
-
On track for replacement of gas-preheating by electrical preheating (induction).
Key figures:
-
Year-to-Date (YTD)[1]contribution increased to €82.5 million (€68.5 million YTD 2020)
-
€77.9million from production of (components for) foundations (€67.5 million first 9 months 2020)
-
€1.9 million from marshalling activities (€1.0 million first 9 months 2020);
-
€2.7 million from engineering activities (€0 first 9 months 2020);
-
EBITDA Year to Date increased to €28.0 million (€17.3million first 9 months 2020);
-
Operating Working Capital at end of Q3 2021 -€58.4 million (-€70.9 million at end of Q3 2020 and -€56.9million at end of Q2 2021);
-
Total cash position at end of Q3 2021 €62.4 million (€49.5million at end of Q3 2020 and€61.7 million at end of Q2 2021);
-
Throughput of 36 kilotons brings Year to Date production to 124 kilotons (113 kilotons YTD Q3 2020);
-
Order book 46 kilotons for Q4 2021, 185 kilotons for 2022 and 220 kilotons for 2023 and beyond.
In € million
|
YTD 2021
|
YTD 2020
|
Change
YoY
|
Q3 2021
|
Q3 2020
|
Contribution
|
82.5
|
68.5
|
+20.4%
|
24.8
|
22.8
|
EBITDA
|
28.0
|
17.3
|
+61.8%
|
7.8
|
5.8
|
Kton production
|
124
|
113
|
+9.7%
|
36
|
37
|
Order book in Kton
|
For remainder 2021
|
For 2022
|
For 2023 and beyond
|
Contracted
|
46
|
185
|
90
|
Exclusive negotiation
|
0
|
0
|
130
|
Total for the year
|
46
|
185
|
220
|
[1]Year-to-date (YTD) refers to the period 1 January- 30 September
For the full release please open attachement PDF