Alle Storys
Keine Story von REpower Systems SE mehr verpassen.

REpower Systems SE

REpower Systems AG achieves goals for the 2007 fiscal year and raises forecast

Hamburg (euro adhoc) -

-Rise in sales by 48.2% to EUR 680.2 m
-Operating result increases by 131.5% to EUR 28.2 m
-Record order backlog of EUR 1.3 bn
  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
Hamburg, 7 March 2008. The REpower Systems
Group (WKN 617703) achieved its all-time highest operating result in 
the 2007 fiscal year: according to preliminary figures, EBIT was more
than double that of the previous year (EUR 12.2 million) at EUR 28.2 
million. Sales and total operating revenue rose by 48.2% and 46.9% 
respectively to EUR 680.2 million and to EUR 678.2 million 
respectively (previous year: EUR 458.8 million and EUR 461.5 million 
respectively). Net earnings (earnings after tax) tripled from EUR 7.1
million to EUR 21.1 million. With a volume of EUR 1.3 billion, the 
order backlog at 31 December 2007 was almost 50% above the value on 
the previous year?s balance sheet date. Due to the high order backlog
and the excellent outlook, REpower has raised its forecast for the 
2008/2009 fiscal year.
In 2007, REpower installed or delivered 332 wind turbines with a 
total generating capacity of 652.0 megawatt. During the previous 
year, it was 263 turbines with a total output of 492.0 megawatt.
Consolidated sales rose significantly in 2007 by 48.2% from EUR 458.8
million to EUR 680.2 million, while total operating revenue increased
by 46.9% from EUR 461.5 million to EUR 678.2 million. At EUR 28.2 
million, EBIT improved at a disproportionate rate and was 131.5% 
above the previous year?s value of EUR 12.2 million. Following 
deductions for interest and tax, the profit for the year was EUR 21.1
million as against EUR 7.1 million in 2006.
The order backlog was again at a record high at the balance sheet 
date: as at 31 December 2007, it included 636 wind turbines (previous
year: 478 turbines) with a total output of 1,297.5 megawatt (previous
year: 933.0 megawatt) and a potential sales volume of almost EUR 1.3 
billion (previous year: EUR 842.8 million).
By resolution of the Extraordinary General Meeting of 17 October 
2007, REpower Systems AG?s fiscal year will in future end on 31 
March. REpower has raised its forecasts for the new 2008/2009 fiscal 
year: "The sustainable improvement of our cost structures and 
processes will lead to a further rise in our earnings power," said 
REpower CFO Pieter Wasmuth. "We have significantly improved our 
economic situation in recent months and therefore expect an increase 
in sales during the 2008/2009 fiscal year to EUR 1.1 billion and an 
EBIT margin of between 5.5% and 6.5%," Per Hornung Pedersen, CEO of 
REpower Systems AG, added.
The complete consolidated financial statements will be presented with
the annual results which are expected to be announced on 31 March.
end of announcement                               euro adhoc

Further inquiry note:

Thomas Schnorrenberg
Investor Relations
Tel.: +49 (0) 40 55 55 090-3051
Fax: +49 (0) 40 55 55 090-3900

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

Weitere Storys: REpower Systems SE
Weitere Storys: REpower Systems SE