- 12.11.2009, 09:19:15
- /
- OTE0004
EANS-News: REpower Systems AG announces financial figures for first half of 2009/10 (1 April 2009 - 30. September 2009)
--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------
Subtitle: Total performance increases to EUR 617.0 million
EBIT rise by over 38% to EUR 31.3 million
Order of nine MM92 for project in Austria
Hamburg (euro adhoc) - Hamburg, 12 November 2009. In the first half of fiscal
year 2009/10 REpower Systems AG (WKN 617 703) realized total performance of EUR
617.0 million compared to EUR 531.1 million in the same period of the previous
year. Sales increased year-on-year from EUR 529.8 million to now EUR 609.7
million. Earnings before interest and taxes (EBIT) for the period from April to
September 2009 stood at EUR 31.3 million compared to EUR 22.7 million in the
previous year. Net profit increased from EUR 14.4 million as per end of
September 2008 to now EUR 17.5 million.
In the first half of fiscal year 2009/10 REpower Systems AG installed and
recognized in income 185 wind energy turbines with a total rated power of 386.15
megawatts (MW) (corresponding period of the previous year: 256 wind turbines
with 530 MW). The order backlog amounted to 592 wind turbines (30 September
2008: 683 turbines) with a total rated power of 1,306.8 MW (30 September 2008:
1,434.6 megawatts). This corresponds to a contractually confirmed order volume
of around EUR 1.6 billion (30 September 2008: EUR 1.5 billion).
Furthermore, REpower Systems AG closed contract about the supply and
installation of nine REpower MM92 wind turbines with an option on further 18
turbines, for a project in Austria. In addition, the company agreed upon a
comprehensive service contract for a period of 15 years with the customer. Per
Hornung Pedersen, CEO of REpower Systems AG: "We are happy about the project in
Austria and hope to expand our market position there, in the future."
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 2009/10.
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.
A conference call for analysts and journalists will take place on
12 November 2009 at 11 a.m. (CET).
The dial-in number is +49 (0)69 247 501 899.
The conference call will be held in English. The conference call recording can
be downloaded afterwards from our website www.repower.de.
Further inquiry note:
Heike Binder
Tel.: +49(0)40 5555090-3209
E-Mail: heike.binder@repower.de
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: info@repower.de
WWW: http://www.repower.de
sector: Alternative energy
ISIN: DE0006177033
indexes: CDAX, Prime All Share, Technologie 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 | CNE






