Senvion Announces Q3 Results of 2018

Image: SenvionImage: Senvion
The German turbine manufacturer says, it's a "challenging 2018 so far"

Official Press Release Senvion:

Senvion announces third-quarter results 2018

Wind Industry Profile of
Senvion announces third-quarter results 2018

Q3 revenues at EUR 343m, 9-month revenues at EUR 809m / Q3 EBITDA at EUR 30m with 8.6% margin; 9-month EBITDA of EUR 43m with 5.3% margin / Q3 installations at 336 MW, 17% above total H1 2018 installations / EUR 1.7bn of revenue coverage for 2019

Senvion today announced its results for the third quarter 2018. Installations were higher in the third quarter, with total installed capacity up 17% compared to total installations in the first six months of 2018. Revenues rose accordingly, reaching EUR 343m in the third quarter while adjusted EBITDA increased to EUR 30m, up 130% compared to the previous quarter. This increase was also reflected in an improved adjusted EBITDA margin of 8.6%. The working capital remained stable at 2.8%. Senvion recorded a total onshore order... ... More: Official Press Release Senvion

Senvion, revenue, quarter, Q3, 2018, results, EBITDA margin, turbine manufacturer, market, Germany

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