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 recorded a total onshore order intake of EUR 1,006m by the end of the third quarter. Firm order book improved by 37% year on year. Senvion also recorded more than 1 GW of conditional orders in the third quarter on the back of continued large-scale orders from new markets. Moreover, Senvion continued the fast growth of its service business with order book of EUR 2.8bn at the end of the third quarter, providing high visibility into 2019.
David Hardy, Executive Director and CSO of Senvion, added: "We have managed to secure an extensive order pipeline for the next two years and entered partnerships with renowned partners for future cooperation in several growth markets. This also highlights the competitiveness of our products and success of our strategic decision to focus on growth markets such as India, Japan and South America."
Senvion reported earlier in November that it adjusted its revenue guidance for the full year from EUR 1.8bn - 1.9bn to around EUR 1.6bn based on installation delays experienced earlier in the year. For 2019, Senvion sees a significant growth potential as the company has already secured a firm revenue coverage of EUR 1.7bn and boasts a strong order pipeline.
Senvion's Q3 report is available online and further details can be found in the earnings presentation. Furthermore, the reports are available on the website of the Luxembourg Stock Exchange (www.bourse.lu) as officially appointed mechanism for the central storage of regulated information.
Vice President Capital Markets and Public Relations
Senior Manager Corporate Communications
Senior Manager Capital Markets
End of Media Release
Issuer: Senvion S.A.
Key word(s): Energy
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