Senvion's restructuring program is already bearing fruit

Wind Industry Profile of

Q1 revenues up 7.7% to EUR 392 million / Adjusted EBITDA EUR 21 million in Q1, with a margin of 5.5 % / Firm orders increased 31 % year on year to EUR 353 million / Successful refinancing completed, annual savings of EUR 14 million

Senvion, a leading global manufacturer of wind turbines, posted first-quarter results in line with expectations. Lower operational expenditures delivered first proof that the company's restructuring program, announced in early March, is already bearing fruit. In the first three months of the year, Senvion continued diversifying its portfolio by expanding the 2MW platform, and saw orders rise strongly. Senvion's first quarter revenues hit EUR 392 million, an increase of 7.7 % compared to the same period 2016. While onshore... ... More: Official Press Release Senvion