German turbine manufacturer doubles deficit
Despite one major order, the value of Senvion's orderbook is declining. Key figures are also sliding and the EBIT loss before special items has multiplied by more than twenty.
Western wind turbine manufacturers continue the streak of releasing bleak financial reports. Siemens Gamesa kicked off the trend, Vestas continued it, and this Friday saw Germany's Senvion book setbacks across the board for this year's third quarter. The third quarter interim reports from these industry players are testaments to the increased price pressure, and Senvion's bottom line took a steeper plunge than the top line.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Vestas CEO rejects plans to reduce staff
For subscribers
Senvion outsources generators to China
For subscribers
Senvion's new North America CEO announces first order
For subscribers
