Turnover: 9.8 billion EUR (2022)

Country: Germany

Senvion designs, manufactures and markets onshore and offshore wind turbines

News

Wind power: Siemens Energy's losses soar 08/08/2023

  • Siemens Energy, the world's second-largest wind turbine manufacturer, posted a loss of almost three billion euros in its third fiscal quarter.
  • The company had already announced an increased failure rate in June, which caused its shares to fall by almost 40% on the stock market.
  • The company estimates the costs of resolving its quality problems at 1.6 billion euros, which were taken into account in the last quarter.
  • The company expects an after-tax loss of 4.5 billion for the full 2022-2023 financial year, despite sales growth of 9-11%.

Senvion is an internationally active company that has built more than 8,000 wind turbines since its creation. In France, more than 2,500 MW have been installed since the branch was established in the country in 2002. In 2007, the Indian company Suzlon bought out Areva's stake in the company to acquire it.

The company markets a large number of turbine models. While the 6.3M152 has a rated power of 6,330 kW, the 4.2M140 EBC has a rated power of 4,200 kW.

The company is listed on the stock exchange, its main shareholders are :

  • Centerbridge Partners (51.3%)
  • Schroder Investment Management (3.2%)

Financial Data

DUNS: 440088938

Legal Name: SIEMENS GAMESA RENEWABLE ENERGY SERVICE

Address: 10 AV DE L ARCHE LES FAUBOURG DE L ARCHE LE COLISEE, 92400 COURBEVOIE

Number of employees: Entre 100 et 199 salariés (2020)

Capital: 550 000 EUR


Financial Data:

Year 2021 2020 2019 2018 2017 2016 2015
Turnover 18 738 542 15 846 935 20 147 508 21 170 470 22 064 009 22 895 060 20 000 113
Gross margin (€) 19 060 090 15 995 807 20 842 413 22 215 527 23 469 328 23 030 358 -
EBITDA (€) 2 709 076 4 067 585 1 342 475 587 628 341 706 2 060 213 -
Operating profit (€) 2 951 084 3 798 517 1 728 143 1 235 353 1 355 326 1 870 470 -
Net profit (€) 1 550 242 578 864 -13 838 516 1 224 295 1 289 832 2 368 629 1 008 835
Turnover growth rate (%) 18,2 -21,3 -4,8 -4 -3,6 49,2 -
Ebitda margin rate (%) 14,5 25,7 6,7 2,8 1,5 9 -
Operating margin rate (%) 15,7 24 8,6 5,8 6,1 8,2 -
Working Capital (turnover days) 52,2 209,2 -52,3 190,4 144,3 120,7 -
Working Capital requirements (turnover days) 98,4 249,4 -28,2 275,8 250,9 243,2 -
Net margin (%) 8,3 3,7 -68,7 5,8 5,8 10,3 -
Added value / Turnover (%) 73,4 75,3 68,9 65,6 62,7 66,2 -
Wages and social charges (€) 10 761 771 7 669 430 12 123 440 12 840 656 13 035 299 12 843 662 -
Salaries / Turnover (%) 57,4 48,4 60,2 60,7 59,1 56,1 -

Company Managers:

Position First Name Last Name Age Linkedin
Président Filippo CIMITAN 43
Directeur général Isabelle, Blanche, Odette JUILLET 51

Studies mentioning this company

The wind turbine market - France

Other companies mentioned:

  • Vestas
  • Goldwind
  • GE Renewable Energy France
  • Enercon
  • Suzlon
  • Siemens Gamesa
  • Boralex
  • New World Wind
  • Sereema
  • Atlantique Offshore Solutions (Chantiers de l'Atlantique)
  • Nordex
  • Singulair
  • Vergnet
The offshore wind market - France

Other companies mentioned:

  • Goldwind
  • Siemens Gamesa
  • Suzlon
  • Vestas
  • Enercon
  • Engie
  • Boralex
  • Atlantique Offshore Solutions (Chantiers de l'Atlantique)

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