Revenue declined and losses widened last year at Senvion as onshore sales fell in the UK and Canada, but the Germany-based wind OEM managed to boost its order intake and break into a series of new markets, boding well for its future profitability.
Revenue fell in 2017 to €1.89bn ($2.34bn) from €2.21bn in 2016 as the company wasn’t able to fully compensate for steep declines in the Canadian and UK markets with an otherwise sharp increase in revenue from new markets, such as the Nordics or the Southern Cone of South America.
