Revenues plunged at Senvion and the Germany-based wind OEM posted another loss due to low installation activity in the first half of 2018, but more installations in the second half and a solid international order intake should positively impact financials.

“We remain on track to meet our guidance of €1.8–1.9bn in revenues with 5–6.5% adjusted EBITDA margin, with 100% firm orders coverage at the lower end of the guidance,” acting chief executive Kumar Manav Sharma said in the earnings report.