08/12/2017

Senvion: "Our performance in the first six months of 2017 is in line with our expectations"

H1 revenues amount to EUR 830 million in line with guidance / Orders came mostly from Germany, the UK, France and new markets such as Croatia and Serbia

Official Press Release Senvion:

Senvion's H1 results on target

Wind Industry Profile of

H1 revenues amount to EUR 830 million in line with guidance / Adjusted EBITDA EUR 62 million in H1, with a margin of 7.4% / H1 firm orders increased 70% year on year to EUR 940 million / Revenue guidance for 2017 adjusted to EUR1.9 - 1.95bn after financial close for 299 MW Chile contract was achieved / Underlying OPEX run rate down by 19% year on year

Senvion, a leading global manufacturer of wind turbines, posted revenues of EUR 830 million in the first half of 2017 with an adjusted EBITDA margin of 7.4%, backed by a strong performance in the service and offshore sector. The orders in the first six months totaled EUR 940 million, a 70 % increase on the same period in 2016. Orders came mostly from Germany, the UK, France and new markets such as Croatia and Serbia. The firm... ... More: Official Press Release Senvion