Senvion- Weak 4Q17 as anticipated, 2018 will be worse
Senvion, the listed German manufacturer of wind turbine generators, has published a weak set of results for 4Q17, as we had anticipated. The year-on-year decline in revenues was the highest of the year at -23% to €580m. For the full year, revenues reached €1.89bn, marginally below the lower end of the €1.90-1.95bn guidance. A
Senvion SA. Senvion SA is a Luxembourg-based developer, producer and distributor of wind turbines. The Company offers a broad range of project-specific solutions as regards foundation construction, transport, installation and service and maintenance. It owns production sites in Germany and Portugal and operates through subsidiaries and joint ventures in Europe, the Americas, Asia and Australia.
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