Senvion halves last year's deficit

Like last year, the German wind turbine manufacturer was unable to deliver a profit in the first quarter of the year, however the red numbers on the bottom line have shrunk.

Photo: Senvion

The lack of wind turbine orders last year has impacted the top line of German wind turbine producer at Senvion this year, reveals the company's latest quarterly financial report.

The top line declined by approximately EUR 150 million to EUR 255 million. While this could mark the beginning of a struggle for the wind turbine manufacturer in the first quarter, the company has been helped along by another factor from the previous year. Extraordinary restructuring costs pulled down the company's EBIT in 2017 by EUR 23 million. Because this kind of money has largely not been seen this year, figures on both EBIT and the bottom line landed at nearly double last year's figures.

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