REpower Systems AG announces financial figures for first nine months of fiscal year 2008/09 (01.04.2008 – 31.12.2008)

  • Total performance amounted to EUR 842.9 million
  • EBIT grew from EUR 27.9 million to EUR 38.1 million
  • Growth expectations for FY 2008/09 and 2009/10 affirmed

Hamburg: In the first nine months of fiscal year 2008/09 REpower Systems AG (WKN 617 703) realised a total performance figure of EUR 842.9 million compared to EUR 552.7 million in the same period of the previous year. Sales increased year-on-year from EUR 582.5 million to EUR 850.5 million. Earnings before interest and taxes (EBIT) for the period from April to December 2008 stood at EUR 38.1 million compared to EUR 27.9 million in the previous year. Net profit increased from EUR 21.1 million as per end of December 2007 to now EUR 26.1 million.

In the first nine months of fiscal year 2008/09 REpower Systems AG installed and recognised in sales 416 wind energy turbines with a total rated power of 850.0 megawatts (corresponding period of the previous year: 300 wind turbines with 591.0 MW). The order backlog amounted to 708 wind energy turbines (same period of previous year: 636 turbines) with a total rated power of 1,502.6 megawatts (same period of previous year: 1,300.5 megawatts). This corresponds to a contractually confirmed order volume of more than EUR 1.6 billion (31.12.2007: EUR 1.3 billion).

For the next fiscal year, REpower affirms its forecasted sales growth of 30 to 35% (based on the sales target of EUR 1.1 billion in fiscal year 2008/09) which had been adjusted in November 2008. However, given the current unstable global economy REpower presumes a growing risk of project shifts on the part of customers. In terms of installed output, this equates to an increase of between 10% and 15%. The more rapid sales growth is the result firstly of price increases against the previous year and secondly of the change in the product mix and the scope of individual orders. This forecast is accompanied by an improvement in the EBIT margin to between 7.5% and 8.5%.

A conference call for analysts and journalists will take place on 16 February 2009 at 10 a.m. (CET). The dial-in number is +49 (0)30 868 71-790.