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Senvion S.A. (IRSH)
Senvion S.A.: Revises revenue guidance for fiscal year 2018
01-Nov-2018 / 18:39 CET/CEST
Dissemination of a Regulatory Announcement that contains inside information
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
*Senvion S.A. revises revenue guidance for fiscal year 2018*
Luxembourg, November 1, 2018: Based on current information regarding the
expected business development in the fourth quarter of 2018, the Management
Board of Senvion S.A. ('Senvion') has today concluded to adjust the
company's revenue guidance for the current fiscal year from EUR 1.8-1.9
billion to about EUR 1.6 billion. Despite shift in the revenues, Senvion
expects the full year adjusted EBITDA margin1 to be around 5%, in line with
the earlier guidance of 5.0%-6.5%.
Senvion installed 336 MW in the third quarter 2018, which was significantly
higher than the previous quarter and 117% higher than total installations of
the first half of 2018. However, the turbine installation schedule, mainly
in new markets, is still recovering from delays experienced earlier in the
year due to bad weather conditions and other unusual external factors. In
addition, Senvion also experienced a short term disruption in the supply of
a key turbine component in Europe, leading to some further temporary delays.
As a result of these developments, there is a high likelihood that some
turbine installations and corresponding revenues may be shifted to early
next year, leading to a revision in the guidance.
Senvion recorded an onshore order intake of EUR 1,006 million in the first
nine months of 2018, 4% up compared to onshore order intake of EUR 970
million in the first nine months of 2017. Senvion also reports a cash
balance of EUR 146 million cash on hand at the end of the third quarter
2018. Final results for the third quarter 2018 will be published on 14
November 2018, as previously scheduled.
1 For additional information on the alternative performance indicator used
please refer to our website at Annual Financial Report 2017 [1], page 40.
Senvion Investor Relations contact (Notifying Person):
Anja Siehler
Senior Manager - Capital Markets
phone: +352 26 00 - 5285
email: anja.siehler@senvion.com
Contact:
Anja Siehler
Tel: +352 26 00 5285
Mobil: +4915221817093
E-mail: anja.siehler@senvion.com
ISIN: LU1377527517, XS1223808749, XS1223809390
Category Code: UPD
TIDM: IRSH
LEI Code: 549300WUKZSK5CX6SM09
OAM Categories: 2.2. Inside information
Sequence No.: 6414
EQS News ID: 740611
End of Announcement EQS News Service
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=d15639f5fdfc24d8ad9412ca7f9e9335&application_id=740611&site_id=vwd&application_name=news
(END) Dow Jones Newswires
November 01, 2018 13:40 ET (17:40 GMT)
