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REpower Systems AG generated a total operating performance of € 287.1 million in the first three months of fiscal year 2009/10, compared with a total operating performance of € 240.9 million in the same period of the previous year.
Sales increased year-on-year from € 231.8 million to € 300.7 million. Earnings before interest and taxes (EBIT) for the period from April to June 2009 totalled €?10.7 million compared with € 10.2 million in the previous year. In the first three months of fiscal year 2009/10, REpower Systems AG installed and recognised in sales a total of 83 wind turbines with a rated output of 170MW (previous year: 138 turbines with 276MW). As at the reporting date, the order backlog amounted to 574 wind turbines (previous year: 718 turbines) with a total rated output of 1,230.45MW (previous year: 1,522.6MW). The contractually confirmed order volume totalled €?1.45 billion as at the reporting date (30 June 2008: € 1.61 billion). Against the background of the uncertain global economic situation, REpower had already pointed out increased risks regarding project delays, some of which occurred in Q1 in the form of postponements from the first half of the year to the second. In the event of further project delays, the company believes that an impact on future performance in fiscal year 2009/10 is possible, with the result that sales and earnings are likely to be at the lower end of the forecast as things stand. REpower had envisaged sales of € 1.4 billion to € 1.5 billion and an EBIT margin of 7.5 to 8.5% for the fiscal year.
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