Sif more than doubled adjusted EBITDA to €21 million in the first quarter of 2026 driven by higher production volumes, improved operational stability and performance gains at its Maasvlakte 2 facility.
Sif said Q1 2026 contribution rose 59.1% year-on-year to €63.8 million, while throughput increased to 60 Kton from 39 Kton in the same period of 2025.
The company added that production optimisation at Maasvlakte 2 remains on track with the revised schedule for full capacity by the end of the second quarter of 2026 and that production for Baltyk 2 and Baltyk 3 is progressing according to schedule.
“We continue to see encouraging developments across our production sites, with Maasvlakte 2 showing consistent volume and quality improvements, and improved stability in operations,” said Fred van Beers, chief executive of Sif Group.
“The progress we are making is also directly visible in our results, both in terms of production volumes, contribution, EBITDA and net profit showing consistent improvements quarter-on-quarter.”
“We continue to work closely with our key equipment providers as we shift from reactive maintenance to predictive maintenance across all manufacturing lines.”
“Our focus is now on the continuation of the upward trend that will gradually bring us to the projected levels of production to achieve our normalized average EBITDA of €40 million per quarter from the second half of 2026.”
“We confirm the adjusted EBITDA guidance for the full year 2026 of €135 million.”