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REpower Systems SE

EANS-News: REpower Systems AG exceeds goals for the 2008/09 fiscal year

Hamburg (euro adhoc) -

-	Sales rises to over EUR 1.2 billion
-	Operating result increases to EUR 76.9 million
  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
companies
Hamburg, 18 May 2009. In fiscal year 2008/09,
the REpower Systems Group (WKN 617703) significantly exceeded the 
billion limit in terms of sales for the first time and achieved its 
all-time highest operating result in the history of the company. 
Totalling 76.9 million EBIT was more than twice as high as in fiscal 
year 2007 (EUR 28.2 million). Sales increased to EUR 1,209.1 million 
(Short Fiscal Year 2008 : EUR 147.4 million; 2007: EUR 679.8 
million), total operating performance rose to EUR 1,220.5 million 
(short fiscal year 2008: EUR 150.2 million; 2007: EUR 678.2 million).
Net earnings (earnings after tax) saw an upswing from EUR 21.1 
million by the end of 2007 to EUR 51.9 million (short fiscal year 
2008 1.4 million). With an order backlog of 1,317.3 MW, potential 
sales volume stood at around EUR 1.5 billion as per 31 March 2009. 
Due to its well-stocked order book and the achieved goals for fiscal 
year 2008/09, REpower sticks to its forecast for fiscal year 2009/10.
In the reporting period, REpower installed or delivered 613 wind 
energy turbines with a total rated power of 1,253.3 MW. During the 
short fiscal year 2008 it was 65 turbines with a total output of 
129.0 MW, in fiscal year 2007 332 turbines with a total rated power 
of 652.0 MW.
On 31 March 2009 order backlog for turbines without deferring 
conditions stood at 620 (31 December 2007: 636 turbines; 31 March 
2008: 696 turbines) with a total rated power of 1,317.3 MW (31 
December 2007: 1,297.5 MW; 31 March 2008: 1,419.0 MW) and a potential
sales volume of around EUR 1.5 billion.
Consolidated sales rose significantly in 2008/09 from EUR 679.8 
million in fiscal year 2007 by tight 78% to EUR 1,209.1 million 
(short fiscal year 2008: EUR 147.4 million), whilst total operating 
performance compared to fiscal year 2007 increased by tight 80% from 
EUR 678.2 million to EUR 1,220.5 million (short fiscal year 2008: EUR
150.2 million). EBIT improved at a disproportionate rate and stood 
with EUR 76.9 million above the previous year´s values of short 
fiscal year 2008 (EUR 3.1 million) and fiscal year 2007 (EUR 28.2 
million). Following deductions for interest and tax, the profit for 
the year was EUR 51.9 million as against EUR 1.4 million in short 
fiscal year 2008 and EUR 21.1 million in fiscal year 2007.
For fiscal year 2009/10, REpower expects further growth: Sales will 
presumably increase to EUR 1.4-1.5 billion, for the EBIT margin 
REpower expects an improvement to 7.5%-8.5%. This is in accordance 
with the forecast that REpower communicated in November 2008 
(30.0%-35.0% sales growth based on sales expectations at that time of
EUR 1.1 billion for 2008/09). The growth is largely secured by firm 
order and framework agreement backlog. However, the risk of project 
postponements on the part of customers has increased in the last 
quarter.
The annual account and consolidated financial statement will 
presumably be approved by the supervisory board on 25 May 2009.
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, Quotrix
Börsen: Berlin / Open Market
Hamburg / Open Market
Stuttgart / Open Market
Düsseldorf / Open Market
München / Open Market
Frankfurt / regulated dealing/prime standard

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