REpower Systems AG announces financial figures for first quarter of fiscal year 2008/09 -(01.04.2008 - 30.06.2008)
Gross revenues increase to EUR 240.9 million / Operating result EUR 10.2 million / Orders on hand increase by 48.0% to 1,522.6 megawatts
In the period from April to June 2008, REpower Systems AG installed and recognised in income 138 wind turbines with a total rated power of 276.0 megawatts. The international share of output in relation to wind turbines which made up sales was over 96%.
Including the financial data for the consolidated investment companies, the Group's total operating revenue amounted to EUR 240.9 million, compared with the total operating revenue of the corresponding period last year of EUR 105.5 million. Sales increased year-on-year from EUR 102.5 million to EUR 231.8 million.
Earnings before interest and taxes (EBIT) for the period from April to June 2008 amounted to EUR 10.2 million, compared to TEUR 74.6 in the same period of the previous year. Net earnings in reporting period amounted to EUR 5.9 million, compared to TEUR 28.8.
At the end of the period under review, the order backlog amounted to 718 wind energy turbines (same period of previous year: 509 turbines) with a total rated power of 1,522.6 megawatts (same period of previous year: 1,028 megawatts). This corresponds to a contractually confirmed volume of around EUR 1.6 billion (as per end of June 2007: EUR 888.7 million).
Against the background of the high order backlog in fiscal year 2008/09, RE-power Group is expecting sales volume to rise to €1.1 billion in fiscal year 2008/09. The sustained improvement in cost structures and processes within the REpower Group will lead to a further rise in earning power. REpower is therefore expecting an EBIT margin of between 5.5% and 6.5% in 2008/09. Planning for fiscal year 2009/10 is for sales growth of between 40% and 50%, which will again go hand-in-hand with a rise in the EBIT margin.
A telephone conference for analysts and journalists will take place on 14 August at 3 p.m. (CET). The telephone conference will be conducted in Eng-lish. The dial-in number is +49 (0)30 868 71-790. The original conference call recording can be downloaded from our website www.repower.de.
REpower Systems AG is one of the leading manufacturers of onshore and offshore wind turbines. The international engineering company develops, produces and sells wind turbines with outputs ranging from 2 to 5 megawatts and rotor diameters of 82 to 126 metres for almost all locations. It also provides a comprehensive service and maintenance range. The high performance, reliable turbines are designed at the REpower development centre in Rendsburg and produced at the sites in Husum (North Frisia) and Trampe (Brandenburg).
Listed on the stock exchange since March 2002 and with more than 1,300 employees worldwide, the Hamburg-based company relies on its experience in the production and installation of almost 2,000 wind turbines. REpower is represented in European markets such as France, the United Kingdom, Italy, Portugal and Spain and in the international markets of the US, Japan, China and Australia through its sales partners, subsidiaries and investments.