2019-11-12
http://w3.windfair.net/wind-energy/news/30815-senvion-manufacturer-turbines-board-management-customer-challenging-operational-performance-market

Senvion Takes Swift Action to Improve Execution

Image: SenvionImage: Senvion
German turbine manufacturer Senvion to tackle the problems that caused loss of revenues and profits

Official Press Release Senvion:

Senvion takes action to strengthen business model and execution

Wind Industry Profile of
Senvion takes action to strengthen business model and execution

CEO Yves Rannou: "We have a strong order book, a great market position and products which our customers like. But we made operational mistakes in a challenging market environment and now need to focus on execution and on strengthening our customer focus."

After a comprehensive review of Senvion's global business, the challenging market conditions and its operational performance, the new Management Board of Senvion has started to implement a transformation programme as a matter of urgency, designed to stabilise the company, eliminate inefficiencies and improve execution to tackle the problems that caused loss of revenues and profits and triggered a change of forecast on 19 February 2019. "We have taken swift action to fix execution weaknesses both in terms of... ... More: Official Press Release Senvion

Keywords:
Senvion, manufacturer, turbines, board, management, customer, challenging, operational performance, market







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