Senvion has met the company's targets for 2017. The adjusted EBITDA margin amounted to 8.0 % as guided last year. Senvion achieved revenues of € 1,890 million in 2017. Some project delays led to a minor shift in revenues to 2018. Senvion's firm order intake of € 1,776 million was 36 % higher than in 2016.
The company's initial order intake guidance of EUR 2 billion was affected by the delay of two key order conversions, both of them have already converted into firm orders in Q1 2018. The company is focussing on growth in new markets while capturing opportunities in existing ones. Senvion's new markets including Australia, the Nordics, and the South Cone South America contributed € 715 million to the order intake. Senvion expects stable revenues and softening margins for 2018. Revenue is expected to amount to € 1.8-1.9 billion with adjusted EBITDA margins of 5.0-6.5 % for 2018. Based on the volume growth and market share gains in current and new markets, Senvion continues to expect a solid growth in 2019.