22297 Hamburg, de
+49 (40) 5555090-3051
Senvion aims for EUR 2.25-2.3bn revenues in 2016
Q2 revenues up 7 percent to EUR 505m, adjusted EBITDA margin of 8.9 percent / Early successes in new markets / Full year guidance: EUR 2.25-2.3bn, adjusted EBITDA margin around 9.5 percent
Senvion improved its profitability in the second quarter, posting an adjusted EBITDA margin of 8.9 percent, while its gross margin improved by 3.3 percentage points to 29 percent. The order book remained stable at EUR 5.6bn in total orders and service contracts. Working capital for the quarter was sustained at a low level, reaching -2.7 percent and remaining well within the stated range.
The company continued its international growth strategy of screening markets for a fit to its existing products and where it can benefit from building a local presence. Following the successful entries to the Chilean and Japanese markets earlier this year, Senvion has grown as an independent company.
Jürgen Geissinger, CEO of Senvion, said: "The growth we achieved in the second quarter underlines that we are on the right strategic path. Our potential to tap into new markets exemplifies the next level of growth we aim for as an independent company. We look forward to tapping into further opportunities in the second half of the year and are confident to reach our guidance for the full year."
Senvion's half-year 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. Senvion will report figures for the third quarter 2016 on 15 November 2016.
Key Financial Highlights
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