Wind Energy

Wind energy REpower Systems SE publishes figures for 1st quarter 2011/12

The REpower Systems Group (WKN 617703) increased its sales by approx. 23% to EUR 262.5 million (previous year: EUR 213.1 million) in the first quarter of the 2011/12 fiscal year (April 1 to June 30, 2011). Total performance grew by nearly 22% from EUR 204.0 million to EUR 248.3 million. EBIT was EUR 10.0 million (Q1 2010/11: EUR 1.5 million) in the period under review. After offsetting interest and other financing income and expenses, earnings before tax amounted to EUR 7.6 million (Q1 2010/11: EUR 3.2 million). In the period under review, REpower generated net earnings of EUR 4.2 million, following EUR 1.8 million in Q1 2010/11.

In the first three months of the 2011/12 fiscal year, REpower Systems SE installed or supplied wind turbines with a total wind farm capacity of 195 megawatts (MW). This represents an increase of about 15% compared with the first quarter of 2010/11 (169 MW). A large part of the wind power capacity is attributed to the Ormonde wind farm, off the British coast. Construction of the 30 wind turbines was completed in early August, three weeks ahead of schedule. Andreas Nauen, CEO of REpower Systems SE, is pleased with the progress: “Ormonde wind farm has helped us show the market that we are able to accomplish large offshore wind power projects.”

Incoming orders in the period under review were EUR 218 million, down from EUR 323 million in the first quarter of 2010/11. Contractually secured order volume as at June 30, 2011 was approx. EUR 2.61 billion. This represents an increase of about 8% compared with the previous year’s reporting date (EUR 2.42 billion). REpower confirms its forecast for significant sales and earnings growth in the 2011/12 fiscal year.

REpower Systems SE, a Suzlon group company, is one of the leading manufacturers of onshore and offshore wind turbines. The international mechanical engineering company develops, produces and markets wind turbines with rated outputs of 1.8 MW to 6.15 MW and rotor diameters of 82 meters to 126 meters for almost any location.

The company also offers a comprehensive portfolio of service and maintenance packages. The profitable and reliable systems are designed at the REpower TechCenter in Osterrönfeld and manufactured at its plants in Husum (North Friesland), Trampe (Brandenburg) and Bremerhaven as well as Portugal and China.

With just under 2,500 employees worldwide, the company, which has been listed since March 2002 and is headquartered in Hamburg, can make use of the experience gained from the manufacture and installation of around 3,000 wind turbines around the world. REpower is represented by distribution partners, subsidiaries and participations in European wind energy markets such as France, Belgium, the UK, Italy, Portugal, Sweden, Poland and Spain as well as on a global level in the USA, China, Australia and Canada.

www.repower.de/fileadmin/press_release/2011_08_12_Results_Q1_11_12.pdf