Senvion: Q4 2018 secures healthy order book for 2019

Dow Jones received a payment from EQS/DGAP to publish this press release.

DGAP-Media / 2019-01-10 / 10:29 
 
*Senvion: Q4 2018 secures healthy order book for 2019* 
 
*- *Full year order intake of EUR 1.52bn, with onshore order intake growth 
of 3% yoy 
 
- Q4 order intake reaches EUR 514m, including conversion of 300 MW Indian 
and 41 MW Spanish order into firm, yielding order intake growth in Q4 of 3% 
yoy 
 
- Order intake by capacity rose by 16% yoy from 1,740 MW to 2,011 MW in 2018 
 
- Conditional order intake continues to show strong momentum 
 
*Hamburg: *Senvion today announced turbine order intake of EUR 1.52bn in 
2018, on the back of a healthy order intake in Q4. In comparison, the total 
order intake and the onshore order intake was EUR 1.78bn and EUR 1.47bn 
respectively in 2017. 
 
The total order intake by capacity grew to 2,011 MW in 2018 - an increase of 
16% yoy including 31% growth yoy recorded in onshore order intake growth by 
capacity. In addition to the firm order intake, Senvion also recorded over 
500 MW of conditional orders in Q4. 
 
Senvion built healthy order momentum, especially in the fourth quarter 2018 
and secured EUR 514m of order intake, which is 146% higher than the order 
intake recorded in the third quarter of 2018. The 2018 combined order intake 
from new markets amounted EUR 1,024m, which is 67% of the total turbine 
order intake for the company. In addition, Senvion booked several 
large-scale conditional contracts in key growth markets across Latin 
America, India and Australia and re-entered Spain and the US with more than 
500 MW conditional orders in those two markets alone. The company also 
established itself as an important market player in India with a total order 
book of over 1 GW of which nearly 75% is already booked as firm. The signing 
of the 340 MW conditional order in Chile in December is an important 
milestone for the market, positioning the newly launched 4.2 turbine series 
and is one of the largest orders in the history of the company. 
 
The installations picked-up in the fourth quarter 2018 and reached about 458 
MW. Even with some installation delays in Latin America and Australia, this 
is 36% higher than the third quarter. As a result, the total installations 
in 2018 reached about 1.1 GW. 
 
*David Hardy, Executive Director and CSO of Senvion,* said: "We are glad to 
confirm that order intake and installations have shown a strong pick-up in 
the fourth quarter 2018. It has been a challenging year and we are proud 
that Senvion could prove its operations are capable of successfully managing 
that high level of installations - we have built-up a solid basis for the 
execution of the growing order book for 2019." 
 
Senvion will report its full annual results on March 14, 2019. 
 
*About Senvion:* 
Senvion is a leading global manufacturer of onshore and offshore wind 
turbines. The company develops, produces and markets wind turbines for 
almost any location - with rated outputs of 2 MW to 6.33 MW and rotor 
diameters of 82 metres to 152 metres. Furthermore, the company offers its 
customers project specific solutions in the areas of turnkey, service and 
maintenance, transport and installation, as well as foundation planning and 
construction. The Senvion systems are mainly designed in the major 
TechCenters in Osterrönfeld and Bangalore and manufactured at its German and 
Portuguese plants in Bremerhaven, Vagos and Oliveira de Frades as well as in 
Zory-Warszowice, Poland and Baramati, India. With approximately 4,000 
employees worldwide, the company makes use of the experience gained from the 
manufacture and installation of more than 7,900 wind turbines around the 
world. The company's operational subsidiary Senvion GmbH is based in Hamburg 
and represented by distribution partners, subsidiaries and participations in 
European markets such as France, Belgium, the Netherlands, the UK, Italy, 
Romania, Portugal, Spain, Sweden, and Poland as well as on a global level in 
the USA, China, Australia, Japan, India, Chile and Canada. Senvion S.A. is 
listed on the Prime Standard of the Frankfurt Stock Exchange. 
 
*Vice President Capital Markets and Public Relations* 
Dhaval Vakil 
phone: [phone] 
mobile: [phone] 
email: [e-mail] 
 
*Senior Manager Corporate Communications* 
Katrin Rosendahl 
phone: [phone] 
mobile: [phone] 
email: [e-mail] 
 
End of Media Release 
 
Issuer: Senvion S.A. 
 
2019-01-10 Dissemination of a Press Release, transmitted by DGAP - a service 
of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
 
The DGAP Distribution Services include Regulatory Announcements, 
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Archive at www.dgap.de 
Language: English 
Company:  Senvion S.A. 
          46a, avenue John F. Kennedy 
          L-1855 Luxembourg 
          Luxemburg 
Phone:    [phone] 
Fax:      [phone] 
E-mail:   [e-mail] 
Internet: www.senvion.com 
ISIN:     LU1377527517, XS1223808749, XS1223809390 
WKN:      A2AFKW 
Listed:   Regulated Market in Frankfurt (Prime Standard); Regulated 
          Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, 
          Stuttgart, Tradegate Exchange; Dublin, Luxembourg Stock Exchange 
 
End of News DGAP Media 
 
764943 2019-01-10 
 
 

(END) Dow Jones Newswires

January 10, 2019 04:29 ET (09:29 GMT)