Revenue fell and net loss widened at Senvion during the first nine months of 2017, mainly due to a decline of onshore sales in Canada as well as in offshore revenue, but the Germany-based OEM has increased its order intake by breaking into new markets and continues to push down costs.
Nine-month revenue fell to €1.3bn ($1.5bn) in 2017 when compared to the year-earlier period as the company wasn’t able to fully compensate a near-collapse in the Canadian market with higher income from Germany, Norway, offshore and services.
