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Sipef NV (SIFB.BR)

SIFB.BR on Brussels Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Sipef Q3 Palm Oil Production up at 95,478 Tonnes
Thursday, 18 Oct 2018 01:13am EDT 

Oct 18 (Reuters) - SIPEF NV ::Q3 PALM OIL PRODUCTION 95,478 TONNES VERSUS 84,097 TONNES YEAR AGO.OUTLOOK FOR THE FINAL MONTHS IS POSITIVE.WE MAINTAIN OUR EXPECTATION OF AT LEAST 9% GROWTH IN OUR PALM OIL PRODUCTION.WE DO NOT EXPECT A FURTHER FALL IN RUBBER VOLUMES TOWARD THE END OF THE YEAR..WE EXPECT THE ANNUAL RUBBER VOLUMES TO RECOVER.EXPECTATIONS REMAIN RATHER NEGATIVE FOR THE DISAPPOINTING TEA PRODUCTION IN CIBUNI, JAVA.FOR BANANA PRODUCTION IN IVORY COAST, FULL IMPACT OF THE STEPS TAKEN TO INCREASE VOLUMES FOR EXPORT TO EUROPE WILL BE FELT AT BEGINNING OF 2019.THIS WILL HAVE A DIRECT IMPACT ON THE CONTRIBUTION OF THIS ACTIVITY TO THE RESULT OF THE CURRENT YEAR..EXPECT THE RECURRING RESULT FOR H2 2018 TO BE APPROXIMATELY THE SAME AS FOR H1 OF THE YEAR.RECURRING ANNUAL RESULTS WILL BE SIGNIFICANTLY LOWER THAN IN 2017.  Full Article

Sipef Fy Operating Income Up At 90.3‍​ Million Dollars
Thursday, 15 Feb 2018 05:31am EST 

Feb 15 (Reuters) - SIPEF NV ::ANNUAL PALM OIL PRODUCTION ROSE BY 11.2% COMPARED WITH A RATHER WEAK PRODUCTION YEAR IN 2016‍​.PROPOSES TO APPROVE A GROSS DIVIDEND OF EUR 1.60 PER SHARE.FY REVENUE $ 321.6 MILLION VERSUS $267.0 MILLION YEAR AGO.FY NET RESULT GROUP SHARE BEFORE REMEASUREMENT GAIN OF PT AGRO MUKO WAS KUSD 64 481, UP 61.7% VERSUS 2016.FY OPERATING INCOME $90.3‍​ MILLION VERSUS $47.5 MILLION YEAR AGO.  Full Article

Sipef Q3 palm oil production ‍up at ​84,097 tonnes
Thursday, 19 Oct 2017 02:14am EDT 

Oct 19 (Reuters) - SIPEF NV ::Q3 PALM OIL PRODUCTION ‍​84,097 TONNES VERSUS 71,504 TONNES YEAR AGO.RECURRING RESULT FOR THE WHOLE OF 2017 WILL BE CONSIDERABLY BETTER THAN LAST YEAR‍​.POSITIVE FREE CASH FLOW ENABLES CO TO CONTINUE EXPANSION OF PLANTATION ACTIVITIES IN INDONESIA‍​.  Full Article

Sipef H1 revenue up at USD 157.0 million
Thursday, 17 Aug 2017 01:29am EDT 

Aug 17 (Reuters) - SIPEF NV : :Q2 OWN PALMOIL PRODUCTION 64,888 TONNES, UP 10.54 PERCENT YOY.H1 REVENUE USD 157.0 MILLION VERSUS USD 117.4 MILLION YEAR AGO.H1 OPERATING RESULT USD 122.9 MILLION VERSUS USD 15.0 MILLION YEAR AGO.H1 PROFIT GROUP SHARE USD 107.4 MILLION VERSUS USD 12.2 MILLION YEAR AGO.SEES EXPECT RECURRING ANNUAL EARNINGS TO SURPASS THOSE OF 2016.  Full Article

Ackermans & Van Haaren brings its participation in Sipef's share capital to 30.25%
Tuesday, 23 May 2017 02:09am EDT 

May 23 (Reuters) - Ackermans & Van Haaren NV ::ANNOUNCES TO HAVE SUBSCRIBED FOR 629,268 NEW ORDINARY SHARES IN THE FRAMEWORK OF THE 88.9 MILLION EUROS RIGHTS ISSUE OF SIPEF.BRINGS ITS PARTICIPATION IN THE SHARE CAPITAL OF SIPEF TO 30.25%.ACKERMANS & VAN HAAREN’S TOTAL INVESTMENT IN THE FRAMEWORK OF THE CAPITAL INCREASE AMOUNTS TO 35.7 MILLION EUROS.  Full Article

Sipef says Q1 production increases will not persist during Q2
Thursday, 20 Apr 2017 04:48am EDT 

April 20 (Reuters) - Sipef Nv ::In Q1 recorded rising palm oil volumes at all production sites of co(+21.7 pct).In Q1 Indonesian rubber volumes also showed a generally positive trend (+12.7 pct).Q1 banana production up 20.23 percent.It is already obvious that the strong production increases of the first quarter will not persist during the second quarter.Smaller numbers of unripe fruit are reported in our oil palm plantations for coming months, which means that we will see growth volumes of around 10 pct in the next period.Expect slightly higher production figures for our Indonesian rubber plantations, a recovery of tea production and a continuation of the upward trend in banana volumes in Q2.  Full Article

Sipef announces potential acquisition of PT Dendy Marker
Tuesday, 21 Feb 2017 01:57am EST 

Sipef NV : Signed a heads of agreement with pt agro investama gemilang (AIG) relating to the acquisition of 95 pct of the shares of pt dendy marker indah lestari (DMIL) for a consideration of $53,105,000 . Board will propose to refinance investment in PT Agro Muko and in DMIL by combination of capital increase for an amount up to $97,200,000 and a long-term bank loan for remaining amount . Capital increase for an amount up to $97,200,000 to be with preferential subscription rights for the current shareholders .Regarding acquisition of 47.71 pct in Agro Muko in Dec 2016, co received clearance from "capital investment coordinating board" for acquisition of stakes from PT Austindo Nusantara Jaya TBK and M.P. Evans Group Plc.  Full Article

Sipef FY revenue up 18.2$ to $267 million
Thursday, 16 Feb 2017 02:45am EST 

Sipef NV : Fy net result, share of the group, amounted to KUSD 39 874, or 113.1 pct up on 2015 . Fy operating income $47.5 million versus $21.5 million year ago . Proposal for the distribution of a gross dividend of 1.25 euro ($1.33) per share, in line with the payout ratio of previous years . Fy free cash flow of $13.3 million . Q4 palm oil production 86,783 tonnes versus 77,307 tonnes year ago . Fy revenue $267.0 million versus $225.9 million year ago . 41 pct of our expected palm oil volumes for 2017 were sold at higher prices compared to 2016 . Positive palm oil production trend is generally expected to persist throughout the entire first quarter. . Wintering at the rubber plantations at this time of year offers a varied picture of rubber volumes over the next few months . For the time being banana production volumes still fall short of expectations, but are expected to recover towards the end of the first quarter. . It is expected that somewhere during second semester of 2017 we will see a very strong production recovery with high yields .Expects that there will only be a significant stock increase after middle of year, so that prices remain well supported.  Full Article