Senvion posted revenues of € 1,309 million in the first nine months of 2017, a decline of 10%. The adjusted EBITDA margin was 7.9%, in line with Senvion's expectations.
The company had € 44 million of free cash flow in Q3, mainly due to lower working capital levels. The overall slowdown in established markets such as Germany, had an impact on the growth of Senvion's order intake in the third quarter. The company was still able to increase order intake by 51% in the first nine months compared with the same period in 2016 and the company’s order book remains stable at € 5.3 billion. The key highlight in the third quarter 2017 was the conversion of the 299MW Chile order to a firm order. Moreover, Senvion was able to secure two large conditional orders of 159MW.
