Senvion revenue fell to just under €809m in the first nine months of 2018, down from over €1309m in the same period last year.
The company said the main reason for the fall was a decline of the European market, which was partially offset by markets in South America and Asia Pacific. However, even the new markets were impacted by some delays, which hit revenue.
Revenue in Europe from the sale of onshore turbines dropped to €422.1m from more than €819m, with the decline particularly felt in Germany and the UK. Onshore revenue in the Americas grew to €58.6m from €32.9m, while in Asia Pacific it was up to €54.6m from €15.8m.
Offshore wind revenue slumped to €12.9m from over €217m last year, while the service business saw a rise to €243.7m from €219.6m
Overall, the German manufacturer made a loss of over €64m in the latest period, a slight improvement on the almost €95m loss in 2017. The loss was put down to lower volumes.
Orders at the end of September stood at over €3bn, of which more than €2bn were firm and €1bn conditional. The services order book was almost €2.8bn.
Senvion acting chief executive and chief financial officer Manav Sharma said: “We have seen a very challenging 2018 so far, both in terms of industry developments and also as a company that is growing its presence in new markets.
“We now look forward to welcome Yves Rannou to join as CEO in Q1 2019 and progress the strategic agenda of the company.”