By Michelle Froese Senvion, a global manufacturer of wind turbines, closed its financial year 2016 with revenues of EUR 2.21bn and adjusted EBITDA margins of 9.3%. Revenues were marginally lower than expected due to minor project delays out of Senvion’s control, but it still grew by 3.4% year-on-year.
With 687 MW of wind installations worldwide from October to December 2016, Senvion reported the highest installation rate since 2013.
Senvion has reached firm order intake of EUR 1,304m, and a closing conditional order book of EUR 1,765m — a growth of 10% year-on-year. With EUR 32m of free cash flow generation, Senvion exceeded its free cash
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