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Senvion S.A. / Miscellaneous - High Priority
Senvion S.A.: Financial close for Senvion's 299 MW Chile contract; revenue
guidance adjusted
09-Aug-2017 / 10:02 CET/CEST
Dissemination of a Regulatory Announcement, transmitted by EQS Group AG.
The issuer is solely responsible for the content of this announcement.
*Financial close for Senvion's 299 MW Chile contract; revenue guidance
adjusted *
Senvion has today received the information that the financial close for its
conditional 299 megawatts (MW) contract in Chile has been finally achieved
and the order is in conversion. The contract will see Senvion supply and
install 93 turbines for two wind farm projects, Sarco and Aurora.
The completion of the projects is now scheduled for 2018. As a result and as
indicated earlier, Senvion's forecast revenues will partly shift to 2018
leading to an adjusted revenue guidance for 2017 of EUR 1.9 - 1.95 billion.
However, this is not expected to affect the guided adjusted EBITDA margin of
the company which will stay unchanged at 8.0 - 8.5 %. The positive effects
of Senvion's Move Forward efficiency program are already visibly leading to
efficiency gains and lower interest costs in connection with the successful
refinancing.
In the first half of 2017, Senvion had a firm order intake of EUR 940
million, 70 % higher compared to the first six months of 2016 without
including the order in Chile.
Contact:
Dhaval Vakil
phone: +44 20 7034 7992
mobile: +44 7788 390 185
email: dhaval.vakil@senvion.com
The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de/ukreg
Language: English
Company: Senvion S.A.
46a, avenue John F. Kennedy
L-1855 Luxembourg
Luxemburg
Phone: +352 26 00 5305
Fax: +352 26 00 5301
E-mail: press@senvion.com
Internet: www.senvion.com
ISIN: LU1377527XXX, XS1223808XXX, XS1223809XXX
WKN: A2AFKW
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange; Dublin, Luxemburg
Category Code: MSCH
TIDM: IRSH
Sequence No.: 4511
End of Announcement EQS News Service
599957 09-Aug-2017
(END) Dow Jones Newswires
August 09, 2017 04:03 ET (08:03 GMT)
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