German turbine manufacturer Senvion has unveiled plans to list shares at the Frankfurt Stock Exchange in the first half of 2016.
An IPO will strengthen the company’s international profile and transparency, highlighting financial strengths, said Senvion.
A listing will also improve the visibility the company as it expands into new markets and going public will further provide access to capital markets to support growth of the wind turbine manufacturer, it added.
Senvion operates in 20 developed and emerging markets, including a manufacturing base in Germany and Portugal.
In total, Senvion currently has over 13.7GW of cumulative installations worldwide.
For the calendar year 2015, Senvion’s pro forma revenues reached €2.14bn. Its pro forma adjusted EBIT and adjusted EBITDA were €154.1m and €210.4m, with margins of 7.2% and 9.8%, respectively.
Senvion has calculated pro forma consolidated financial information to illustrate the performance of the company for an entire calendar year if it had been active throughout the period from 1 January 2015 to 31 December 2015.
In April 2015, Centerbridge Partners officially completed the acquisition of the German turbine manufacturer, having agreed to pay €1bn to previous owner Suzlon.
Image: Senvion
