New MAKE market study confirms growth path: Senvion recorded largest increase in market share in Europe

DGAP-News: Senvion GmbH / Key word(s): Study/Study results

2016-03-14 / 18:13
The issuer is solely responsible for the content of this announcement.


New MAKE market study confirms growth path: Senvion recorded largest increase in market share in Europe

Hamburg: Senvion, a leading global manufacturer of wind turbines, gained more than four percent market share in Europe in 2015 compared to the previous year. As such, Senvion made higher gains in market share than any other manufacturer in the market. The data was compiled by MAKE for their annual study*.

Jürgen Geissinger, CEO of Senvion, said: "We are delighted with this result: It reflects the success of the growth strategy that Senvion has implemented together with Centerbridge in recent months." In 2015, Senvion recorded 587 installations of onshore wind turbines with a total capacity of 1,462 megawatts (MW) in Europe.

The sales markets were Senvion's European core markets of Germany, France and the United Kingdom. In addition to the new 94 MW installations in Belgium, the number of new installed capacity in Austria has tripled in comparison to the previous year, and is five times higher in Poland. In Portugal, where the Senvion subsidiaries RiaBlades and Ventipower produce blades, nacelles and hubs, the company has seen an increase in new installations from 14 MW in 2014 to 93 MW in 2015.

In 2015, Senvion was acquired by investment firms Centerbridge and Arpwood and has since strengthened its Product & Technology division, in particular by introducing a new low-wind turbine that, amongst others, particularly suits European low-wind locations. In October 2015, the company installed its first turbine with new electrical system that complies with EU regulations which come into effect from 2017.

*EMEA Market Share - Top Wind Power Markets in 2015

About Senvion:
Senvion is a leading global manufacturer of onshore and offshore wind turbines. The company develops, produces and markets wind turbines for almost any location - with rated outputs of 2 MW to 6.15 MW and rotor diameters of 82 metres to 152 metres. Furthermore, the company offers its customers project specific solutions in the areas of turnkey, service and maintenance, transport and installation, as well as foundation planning and construction. The systems are designed at the Senvion TechCenter in Osterrönfeld and manufactured at its German plants in Husum (North Friesland), Trampe (Brandenburg) and Bremerhaven, as well as Portugal. With approximately 3,900 employees worldwide, the company - headquartered in Hamburg - makes use of the experience gained from the manufacture and installation of more than 6,400 wind turbines around the world. Senvion is represented by distribution partners, subsidiaries and participations in European markets such as France, Belgium, the Netherlands, the UK, Italy, Romania, Portugal, Sweden, and Poland as well as on a global level in the USA, China, Australia and Canada.

Press contact Senvion:
Verena Puth
phone: +49 40 5555 090 3051
mobile: +49 174 30 54 576
email: verena.puth@senvion.com
 
Marie-Danielle Laggner
phone: +49 40 5555 090 3040
mobile: +49 172 27 67 793
email: marie.laggner@senvion.com
 
 

Investor Relations contact Senvion:
Dhaval Vakil
phone: +44 20 7034 7992
mobile: +44 7788 390 185
email: dhaval.vakil@senvion.com


 


2016-03-14 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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