Germany's Senvion is still having difficulties. In this year's third quarter, the manufacturer's top line declined by 28.6 percent to EUR 342.6 million, while the bottom line shows a deficit of EUR 14 million after taxes against a deficit of EUR 3 million in the same period last year.
The company's persistent challenges have prompted it to downgrade its guidance for the year. The forecast has been lowered from EUR 1.8-1.9 billion to EUR 1.6 billion, while the adjusted margin for earnings before interest, taxes, depreciations and amortizations is now expected to land around 5 percent compared to earlier projections of 5-6.5 percent.
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