The REpower Systems Group achieved total performance of € 1.28 billion (previous year: € 1.33 billion) in the 2010/11 fiscal year (April 1, 2010 to March 31, 2011). Net income for the year, at € 55.6 million, was only slightly down on the previous year’s level of € 57.9 million.
Revenues dropped from € 1.30 billion to € 1.22 billion. At € 86.0 million, EBIT was down 12.5% on the previous year (€ 98.3 million). The EBIT margin shrank accordingly from 7.4% to 6.7%. After financing expenses and income, earnings before tax for the 2010/11 fiscal year amounted to € 80.9 million (previous year: € 83.9 million). Overall, the 2010/11 fiscal year went satisfactory for REpower Systems AG. Installed or supplied output amounted to 851MW (previous year: 863MW), of which more than 77% was destined for export. Incoming orders in the period under review came to 1,252MW, which equates to a volume of € 1.36 billion. The company is planning to boost its activities overseas and, in the process, is focusing on a strong sales organization. An initial measure to improve efficiency is the production of REpower 2MW series wind turbines at a site in Padubidri, India. The MM wind turbines produced there are to be exported to Australia and North America.
Revenues dropped from € 1.30 billion to € 1.22 billion. At € 86.0 million, EBIT was down 12.5% on the previous year (€ 98.3 million). The EBIT margin shrank accordingly from 7.4% to 6.7%. After financing expenses and income, earnings before tax for the 2010/11 fiscal year amounted to € 80.9 million (previous year: € 83.9 million). Overall, the 2010/11 fiscal year went satisfactory for REpower Systems AG. Installed or supplied output amounted to 851MW (previous year: 863MW), of which more than 77% was destined for export. Incoming orders in the period under review came to 1,252MW, which equates to a volume of € 1.36 billion. The company is planning to boost its activities overseas and, in the process, is focusing on a strong sales organization. An initial measure to improve efficiency is the production of REpower 2MW series wind turbines at a site in Padubidri, India. The MM wind turbines produced there are to be exported to Australia and North America.
