Germany-based wind OEM Senvion said it’s “fully confident” of meeting its 2018 revenue and profitability targets despite a tough first quarter, and pointed to a strong order intake as a sign of better things ahead.
Senvion posted sales of €256m ($304m) in the January-March quarter, down from €392m a year earlier. The wind group pulled in 29% less from onshore turbine sales in the period and nothing at all offshore.
