EANS-News: REpower Systems AG
REpower Systems AG announces financial figures
for first nine months of fiscal year 2009/10 (2009/04/01 - 2009/12/31)
Hamburg (euro adhoc) -
Total performance grows to EUR 932.1 million EBIT rise by sharp 48% to EUR 56.3 million Net result increases to EUR 32.1 million
Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement.
9-month report
Subtitle: Total performance grows to EUR 932.1 million EBIT rise by sharp 48% to EUR 56.3 million Net result increases to EUR 32.1 million
Hamburg, 12 February 2010. In the first nine months of fiscal year 2009/10 REpower Systems AG (WKN 617 703) realized total performance of EUR 932.1 million compared to EUR 842.9 million in the same period of the previous year. Sales increased year-on-year from EUR 850.5 million to EUR 920.5 million. Earnings before interest and taxes (EBIT) for the period from April to December 2009 stood at EUR 56.3 million compared to EUR 38.1 million in the previous year. Net profit increased from EUR 26.1 million as per end of December 2008 to EUR 32.1 million.
In the first nine months of fiscal year 2009/10 REpower Systems AG installed and recognized sales for 311 wind turbines with a total rated output of 661.70 megawatts (MW) (corresponding period of the previous year: 416 wind turbines with 850.00 MW). The order backlog amounted to 607 wind turbines (31 December 2008: 708 turbines) with a total rated power of 1,390.66 MW (31 December 2008: 1,502.60 MW). This corresponds to a contractually confirmed order volume of around EUR 1.7 billion (31 December 2008: EUR 1.6 billion).
For the 2009/10 fiscal year, REpower most recently forecasted sales of EUR 1.4 billion and an operating profit margin (EBIT margin) of 7.5%. The Executive Board has confirmed these targets, but would like to emphasize that uncertainty regarding the achievement of its goals has increased significantly due to a growing number of projects postponed by customers and the long and persistent winter weather during the last weeks. This could possibly lead to sales deferrals from the current to the following fiscal year. A concluding statement concerning the occurrence probability of this risk cannot be made at this point in time.
A conference call for analysts and journalists will take place on 12 February 2010 at 9.30 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.
end of announcement euro adhoc
Further inquiry note:
Heike Binder
Tel.: +49(0)40 5555090-3209
E-Mail: heike.binder@repower.de
Branche: Alternative energy
ISIN: DE0006177033
WKN: 617703
Index: CDAX, Prime All Share, Technology All Share
Börsen: Berlin / Open Market
Hamburg / Open Market
Stuttgart / Open Market
Düsseldorf / Open Market
München / Open Market
Frankfurt / regulated dealing/prime standard