Sif reported a 75% increase in profitability in the first half of 2021 thanks to improving margins.
The offshore wind foundation manufacturer reported EBITDA of €20.2m, compared to €11.5m in the first half of 2020.
The production in the first half of 2021 was mainly composed of activities for Hollandse Kust Zuid.
Chief executive Fred van Beers said: “Health, safety and environment continue to be priorities in our daily operations. Our plans to reduce CO2 emissions are on track for both scope 1 and 2 as well as for scope 3 emissions.
“Late 2020, we have started the execution of again larger projects with again more sizeable monopiles.
“This is continuing into 2021 and future years and has materialised in our production output.
“This year we are engaged in manufacturing the foundations for Hollandse Kust Zuid and the start up and execution of the first part of Dogger Bank A.
“Two projects comprising a total of 235 monopiles and 95 transition pieces, all together weighing close to 290 Kton.
“With almost 90 Kton manufactured in the first half of this year, execution was solid and we are all set for production of around 90 Kton during the remainder of 2021.
“For the years beyond 2021 we see a similar pattern: a limited number of large projects comprising the production and earnings for the year.
“Upward potential may be achieved through marshalling activities, production of smaller diameter tubulars and design engineering activities.
“In the first half of 2021 contribution of these activities was limited.”