REpower Systems SE

REpower continues profitable growth

- Sales up by 50.0 percent to EUR 292.6 million - EBIT improves from EUR -12.5 to EUR 3.4 million - Revenue forecast for 2008 raised to EUR 850 million

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Hamburg (euro adhoc) - Hamburg, 13 November 2006. REpower  Systems AG  (Prime  Standard,  WKN  617703) successfully installed 188 wind turbines and increased installed rated power  by 108.8 percent to 355  megawatts  in  the  first  nine  months  of  2006.  Sales increased  year-on-year  from  EUR 195.1  million  to  EUR 292.6 million.    The operating result improved from  EUR  -12.5  million in  the  previous  year  to EUR 3.4 million. There was a considerable improvement in orders on  hand  during the period, increasing from EUR 561.2  million  as  of  30  September  2005  to EUR 776.9 million on 30 September 2006. This is the  highest  number  of  orders since REpower Systems AG was founded. In light of the  high  number  of orders, REpower raises its revenue target for fiscal year 2008 from EUR 800  million  to EUR 850 million.

REpower Systems AG successfully installed 188 wind turbines in  the first  nine months of 2006, compared to 96 turbines in the previous year.  This  corresponds to a rated output of 355.0 megawatts compared to 170.0 megawatts in  2005,  thus representing an increase of 108.8 percent. A total of 17 turbines  were  carried over from 2005 and were  largely  included  in  sales  for  the  previous year, depending on the degree to which they had been completed.

Total performance was up by 52.7 percent from  EUR 194.8  million  to EUR 297.4 million during the reporting period, whereas sales increased  by  50.0  percent year-on-year from EUR 195.1 million to EUR 292.6 million.

EBIT totalled EUR 3.4 million in the first nine months of the current financial year, compared to EUR -12.5 million in  the  first  nine months  of  2005.  Net earnings increased from EUR -8.3 million in the first nine  months  of  2005  to EUR 1.0 million.

The order book contained purchase agreements for 453 wind  turbines with  total rated power of 867.5 megawatts at  the  end  of September  2006.  This  is  the highest number of orders since REpower Systems AG was  founded  and  corresponds to a potential order volume of EUR 776.9 million.

Some projects planned for the first six months of the year had to  be postponed due to continuing bottlenecks, in particular for gear systems  and  rotor  blade bearings. These projects have now been scheduled for completion  in  the  fourth quarter of 2006. The planned sales figure of EUR  450  million  and  the  likely EBIT of EUR 11 to EUR 13.5 million could be affected by further  delays  in the supply of gear systems and rotor blade bearings. The company considers  a  risk possible not to realise sales of up to 10 wind turbines by the end of the  year. This results in a risk potential of approx. EUR 1.5 million on the basis of  the operating result.

REpower plans to increase the installation figures to around 325 wind  turbines and to increase sales volume to EUR 650 million in the 2007  financial  year.  A further improvement of the EBIT margin is to be expected.

The projects listed in the order book currently cover the period until the  2008 financial year. In its long-term  planning,  REpower thus  expects  the  strong growth to continue and raises its revenue forecast for 2008 to at least EUR  850 million corresponding to  an installation  of  420  turbines.  Sales  from  the recently concluded Joint venture REpower North (China) and the joint  enterprise planned with the Essar Group in India are not included in this forecast.

A telephone conference for analysts  and  journalists  will  take place  on  14 November 2006 at 10 am (CET). The number to dial is +49 (0)30 868 717 90.

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ots Originaltext: REpower Systems AG
Im Internet recherchierbar:

Further inquiry note:
Thomas Schnorrenberg
Investor Relations Manager
Telefon: +49(0)40-53930-723

Branche: Alternative energy
ISIN:      DE0006177033
WKN:        617703
Index:    Prime All Share, CDAX, Technologie All Share
Börsen:  Frankfurter Wertpapierbörse / regulated dealing/prime
              Börse Berlin-Bremen / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Bayerische Börse / free trade

Weitere Meldungen: REpower Systems SE

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