Senvion Presents Business Figures for 2016

2016 and 2017 are considered years of transition / Project delays lead to lower revenues / Consolidation has started

Original Pressemeldung Senvion:

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Senvion preparing the path to profitable growth

Senvion preparing the path to profitable growth

2016 revenue at EUR 2.21bn with adjusted EBITDA of 9.3%, in line with guidance / 2019 targets show growth of 40%+ in absolute adjusted EBITDA from 2017 guidance / Company-wide efficiency programme (Move Forward) initiated with first set of public announcements to aid growth strategy for 2019

Senvion, a leading global manufacturer of wind turbines, closed its financial year 2016 with revenues of EUR 2.21bn and adjusted EBITDA margins of 9.3%. Revenues were marginally lower than expected due to minor project delays out of Senvion's control, but it still grew by 3.4% year-on-year. Senvion has reached firm order intake of EUR 1,304m, and a closing conditional order book of EUR 1,765m, a growth of 10 percent year-on-year. With EUR 32m of free cash flow generation,... Mehr

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