Senvion Announces Half Year Results

Wind Industry Profile of

H1 revenues of EUR 466 million with EBITDA of EUR 13 million / Sustainable OPEX savings of 5% year-over-year / 26% growth in onshore order intake / Second phase of transformation exercise underway

Senvion announced its results for the first six months of 2018 today. Revenues of EUR 466 million for the first half of 2018 were mainly driven by the low installation activity in H1 due to the back-end loaded installation schedule. Consequently, adjusted EBITDA was reported at EUR 13 million at a margin of 2.9%. Working capital slightly improved to 2.6%. After the successful execution of the operational excellence program 'Move Forward' in 2017, Senvion has now initiated the second phase of the program. The company has already made a promising start by further reducing... ... More: Official Press Release Senvion

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Senvion, turbine, manufacturer, sales, margin, EBITDA, pipeline