Financial year 2014/15: Senvion increases revenue by 6.6%; EBITDA up 6.2%

Total performance increased from EUR 1,845 million in FY2013/14 to EUR 1,999 million in FY2014/15, an 8.3% increase year on year. Adjusted EBITDA for FY2014/15 was EUR 155 million, an increase of 6.2% from the EUR 146 million adjusted EBITDA in FY2013/14. During the year Senvion delivered and erected a total of 683 wind turbines in 12 countries, with a total rated output of over 1.8 gigawatts (GW) compared to 1.5 GW in the previous year, an increase of 24%. This was a result of achieving a record rate of installations in FY2014/15 . New orders received during FY2014/15 amounted to EUR 1.6 billion.

During the year, Senvion continued to develop its turbine technology with the launch of offshore prototype Senvion 6.2M152. Due to its increased rotor diameter, the turbine yields approximately 20% more than its predecessor Senvion 6.2M126. Additionally, Senvion announced the launch of the Senvion 3.4M114 turbine, a design complementing the existing range of turbines in the 3MW class and offering optimum yield at locations with average wind speeds.

Andreas Nauen, CEO of Senvion, commented: “The past financial year has been highly successful for Senvion, we have continued to strengthen our presence in our core markets whilst simultaneously expanding internationally into new markets, and delivered significant operational progress. Our continued growth during the year is reflected in today’s excellent results. With our pioneering technology, our expertise, our commitment to operational excellence and our new owner Centerbridge as a strong partner, we are in a very good position to continue this growth path in the years ahead.”

Manav Sharma, CFO of Senvion, added: “Strong operational performance has led to the growth in both revenues and EBITDA that we have reported today. The new orders received in FY2014/15 have led to an excellent start to FY2015/16 and with continued momentum in wind power generation across a number of regions, Senvion’s leading market positions leave us well placed to take advantage of new growth opportunities.”