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REpower Systems SE

REpower Systems AG announces financial figures for first half 2008/09 (01.04.2008 - 30.09.2008)

Hamburg (euro adhoc) -

Gross revenues almost doubled to EUR 531.1 million
EBIT tripled to EUR 22,7 million
30% - 35% sales growth expected for 2009/10
Supply contract for 22 REpower MM82 signed
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  the content of this announcement.
finances
Hamburg, 13 November 2008. In the first half
of fiscal year 2008/09 REpower Systems AG (WKN 617 703) realised 
gross revenues of EUR 531.1 million compared to EUR 268.7 million in 
the same period of the previous year. Sales increased year-on-year 
from EUR 275.3 million to now EUR 529.8 million. Earnings before 
interest and taxes (EBIT) for the period from April to September 2008
stood at EUR 22.7 million compared to EUR 7.6 million in the previous
year. Net profit increased from EUR 5.0 million as per end of 
September 2007 to now EUR 14.4 million.
In the first half of fiscal year 2008/09 REpower Systems AG installed
and recognised in income 256 wind energy turbines with a total rated 
power of 530.0 megawatts (corresponding period of the previous year: 
140 wind turbines with 268.0 MW). The order backlog amounted to 683 
wind energy turbines (same period of previous year: 609 turbines) 
with a total rated power of 1,434.6 megawatts (same period of 
previous year: 1,223.0 megawatts). This corresponds to a 
contractually confirmed order volume of around EUR 1.5 billion 
(30.09.2007: EUR 1.2 billion).
REpower affirms its forecast for the current fiscal year 2008/09 
expecting an increase of the sales volume to EUR 1.1 billion and an 
EBIT margin of 5.5% -6.5%.
Due to an expected slow-down of the wind energy market in 2009 - 
which might be reflected in a stagnating or even slightly declining 
number of new installations - REpower notes a certain risk of project
shifts on the part of customers in the next business year. In order 
to allow for this potential risk, REpower is adapting its sales 
growth forecast for 2009/10 from formerly 40% - 50% to 30% - 35%. 
This remains a higher-than-average growth in the market and also 
implies a further rise in EBIT margin compared to the current 
business year.
Besides, REpower Systems AG concluded a contract with Dirkshof 
Erneuerbare Energien GmbH on the delivery and installation of 
altogether 22 wind energy turbines of the type REpower MM82 for the 
wind farm Reußenköge 5. The erection of the turbines with a rated 
output of 2 MW each on the site of Reußenköge 
(Schleswig-Holstein/Germany) is scheduled for the second half of 
2009. "I am happy that, in addition to the release of our satisfying 
half-year figures, we can announce the conclusion of a contract which
underlines the sustained keen demand for REpower technology in 
Germany", says Per Hornung Pedersen, CEO of REpower Systems AG.
A conference call for analysts and journalists will take place on 13 
November at 10 a.m. (CET). The dial-in number is +49 (0)30 868 
71-790.
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:

Thomas Schnorrenberg
Tel.: +49(0)40 5555090-3051
E-Mail: t.schnorrenberg@repower.de

Branche: Alternative energy
ISIN: DE0006177033
WKN: 617703
Index: CDAX, Prime All Share, Quotrix
Börsen: Börse Berlin / Open Market
Börse Hamburg / Open Market
Börse Stuttgart / Open Market
Börse Düsseldorf / Open Market
Börse München / Open Market
Börse Frankfurt / regulated dealing/prime standard

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