Senvion has closed its financial year 2016 with revenues of € 2.21 billion and adjusted EBITDA margins of 9.3%. Revenues were marginally lower than expected due to minor project delays. Senvion has reached firm order intake of € 1,304 million, and a closing conditional order book of € 1,765 million, a growth of 10 per cent year-on-year.
During the fourth quarter, Senvion managed revenues of € 757 million, with a growth of 25%+ year-on-year and adjusted EBITDA margins of 9.7%. Senvion also achieved quarterly firm order intake of € 458 million, with a growth of 51% year on year. As markets move towards increasingly market-based mechanisms, Senvion expects near pricing pressure with wind growth in current markets softening and growth in new markets improving from a low base. Senvion expects slightly less revenues for 2017 in the range of € 2.0 billionn to € 2.1 billion and corresponding softer EBITDA margins of about 8% to 8.5% as a result of these near term market trends. Senvion aims to achieve revenues of € 2.6-2.7 billion with adjusted EBITDA margins of 9.5%-10.5% in 2019.
