EANS-Adhoc: REpower Systems AG / REpower revises forecast for current financial year

--------------------------------------------------------------------------------
ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------

22.12.2010

- Total performance of EUR 1.25-1.35 billion
- EBIT margin of 5-7%
- Cost-cutting measures to increase competitiveness

Hamburg, December 22, 2010. The Executive Board of REpower Systems AG (WKN
617703) has revised its outlook for the current financial year. The company now
expects total performance between EUR 1.25 billion and EUR 1.35 billion
(previously: EUR 1.5 - 1.6 billion) and an operating margin (EBIT margin) of 5%
- 7% (previously: 7.5% - 8.5%). The main reason for this change is the further
increase in the number of project postponements, which is due in particular to
financing commitments still pending. In light of the weak market development, it
has only been possible to offset these postponed projects with adequate
replacement orders to a limited extent in the current financial year.

In response to the price and margin pressure, the Executive Board has already
initiated extensive cost reduction measures in order to achieve a sustainable
improvement in the competitiveness of REpower. In particular, this includes
leveraging cost benefits to a greater extent by purchasing components in Asia,
especially in China and India. The first phase of this development will largely
focus on established suppliers with corresponding local production sites. From
2011 on, the company is also planning to manufacture turbines in Asia. The wind
turbines manufactured there are planned to be supplied to Australia, New Zealand
and the USA.

Further inquiry note:
Heike Binder
Tel.: +49(0)40 5555090-3209
E-Mail: [email protected]
end of announcement euro adhoc
--------------------------------------------------------------------------------

issuer:      REpower Systems AG
             Überseering 10
             D-22297 Hamburg
phone:       +49(0)40-55 55 090-0
FAX:         +49(0)40-55 55 090-3900
mail:        [email protected]
WWW:         http://www.repower.de
sector:      Alternative energy
ISIN:        DE0006177033
indexes:     CDAX, Prime All Share, Technology All Share

stockmarkets: Open Market: Berlin, Hamburg, Stuttgart, Düsseldorf, München,
regulated dealing/prime standard: Frankfurt
language: English

OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS - WWW.OTS.AT | OTB

print