Senvion S.A. reported earnings results for the first quarter of 2018. For the quarter, the company posted EUR 256 million in revenues the first quarter 2018 against of EUR 392 Million for the same period a year ago. The main reasons for this development were the typical seasonality, witnessed in this industry coupled with the back-end loaded nature of the installation schedule this year. Adjusted EBITDA was EUR 1 million. The company's total order book amounted to EUR 5.2 billion, of which EUR 1.9 billion was in firm orders, EUR 0.6 billion in conditional orders and EUR 2.7 billion in service orders. CapEx was around EUR 15 million and is in line with previous years. The first quarter order intake was driven by solid business in new markets such as Australia and India in particular.

The company remains fully optimistic that it will meet its 2018 revenue and EBITDA targets against the background that 99% of the revenues are already covered at the lower end of the guidance range. The company expects to meet revenue guidance between EUR 1.8 billion to EUR 1.9 billion. The company also confirms EBITDA guidance of 5% to 6.5% based on stable revenue and cost-saving program.