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The growth of Moventas' net sales is due primarily to wind turbine gears. In January-June 2008 net sales for the wind gears business area grew by 62%, to € 102.2 million (comparable € 63 million in January-June 2007).
The sales of the industrial gears business area increased by 11% to € 72 million (€ 65 million). Group EBITDA excluding nonrecurring items was € 19.1 million, i.e. 11% of the net sales. Comparable EBITDA in January-June 2007 was € 12.9 million, 10.3% of net sales. The number of personnel increased with 231 employees in the first six months of 2008. At the end of June, the number of employees was 1427. The new wind gear factory project in Jyväskylä Etelä-Keljo proceeds on schedule and on budget. The production is planned to start at the end of 2008. The full capacity is expected to be achieved at the beginning of 2010. Also the current production facilities in Jyväskylä, Rautpohja are expanding.