2024-11-05

http://w3.windfair.net/wind-energy/news/26611-senvion-financial-targets-q3-guidance

11/10/2017

Posted by: Windfair Editors

Q3: Senvion's Performance in Line with Guidance

Order increase by 51% in the first nine months compared with the same period in 2016, bt worsening industry dynamics

Official Press Release Senvion:

Senvion results in line with 2017 financial guidance

Wind Industry Profile of

9M revenues in line with guidance at EUR 1,309 million / Adjusted EBITDA EUR 103 million in 9M FY 17, with a margin of 7.9% / Year-on-year rise in firm order intake of 51% to EUR 1,276 million / Q3 positive free cash flow of EUR 44 million

Senvion, a leading global manufacturer of wind turbines, is making substantial progress in meeting its financial targets for 2017. Senvion posted revenues of EUR 1,309 million in the first nine months of 2017, a decline of 10% in a challenging market environment. The adjusted EBITDA margin was 7.9%, in line with Senvion's expectations. The company had EUR 44 million of free cash flow in Q3, mainly due to lower working capital levels. The overall slowdown in established markets such as Germany, had an impact on the growth of... ... More: Official Press Release Senvion