REpower records growth in sales and earnings

In the period 1 April to 30 September 2009, the REpower Systems Group (Prime Standard, WKN 617703) generated total performance of EUR 617.0 million according to provisional calculations, compared to EUR 531.1 million in the corresponding period of the previous year from 1 April to 30 September 2008. The operating result (EBIT) improved from EUR 22.7 million to EUR 31.3 million.

In the reporting period from 1 April to 30 September 2009, total operating performance reached EUR 617.0 million (compared to EUR 531.1 million in the previous year). Sales also grew by 15% year-on-year, from EUR 529.9 million to EUR 609.7 million.

Earnings before interest and tax (EBIT) for the reporting period 1 April to 30 September 2009 amounted to EUR 31.3 million in comparison with EUR 22.7 million for the same period of the previous year. This represents an increase of 38%.

By the end of September 2009, the order book contained a contractually assured order volume totalling EUR 1.6 billion.

Most recently, REpower had held out the prospect of a sales volume of EUR 1.4 billion as well as an EBIT margin of 7.5% for the entire fiscal year. The executive board is keeping to these targets but emphasizes that uncertainty with regard to the achievement of these objectives has risen strongly due to an increasing amount of project postponements on the customer side in the second quarter. Furthermore, the expected recovery of the US wind market, which was anticipated by the market participants in the course of 2009, up to now failed to materialize.

REpower Systems AG is one of the leading wind turbine producers in the German wind energy sector with a market share in excess of 10%. This is due not least to a corporate strategy that focuses not only on the market, but on the customer as well.

In addition to the development, licensing, production and sale of reliable, state-of-the-art wind turbines, REpower offers intelligent professional services such as our comprehensive maintenance and service packages.

Thanks to its coverage of all major links in the value chain, REpower can offer end-to-end expertise in wind power. That’s why the name REpower stands for a successful company with a story that is as compelling ecologically as it is economically.