Senvion posted revenues of € 830 million in the first half of 2017 with an adjusted EBITDA margin of 7.4%. The orders in the first six months totalled € 940 million, a 70 % increase on the same period in 2016. Orders came mostly from Germany, the UK, France and new markets such as Croatia and Serbia.
The firm order intake also includes a € 307 million offshore order in Germany. With an order book of € 5.5 billion, the company sees a solid and stable order intake, including large international orders both in current and new markets. Senvion forecasts a strong order intake of € 2 billion for 2017. In the first six months of 2017, onshore revenues declined by 25% to € 491 million, while service revenues increased by 10% to € 151 million. The offshore revenues increased by 145 per cent to € 184 million. Senvion's adjusted EBITDA amounted to € 62 million with a margin of 7.4%, in line with the guidance.
