Senvion reported a 7 per cent increase in revenues in the second quarter of 2016. The company posted revenues of € 505 million in the second quarter on the back of the strong performance of the offshore and service business.
The company improved its profitability in the second quarter, posting an adjusted EBITDA margin of 8.9 per cent, while its gross margin improved by 3.3 percentage points to 29 per cent. The order book remained stable at € 5.6 billion in total orders and service contracts. Senvion expects to meet its annual guidance of € 2.25-2.3 billion in revenues and an adjusted EBITDA-margin of around 9.5 per cent.
