Senvion S.A.: Revises revenue guidance for fiscal year 2018

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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: [phone] - 5285 
email: [e-mail] 
 
Contact: 
Anja Siehler 
Tel: [phone] 
Mobil: [phone] 
E-mail: [e-mail] 
 
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 
 

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November 01, 2018 13:40 ET (17:40 GMT)