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REpower Systems AG posted gross revenues of € 240.9 million in the first quarter of fiscal year 2008/09 compared to € 105.5 million in the same period of the previous year (comparison period 01 April to 30 June 2008).
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Therewith, gross revenues more than doubled within the reporting period. The operating result (EBIT) increased strongly in the reporting period from € 74,600 to € 10.2 million. After taxes and interest this results in positive net earnings of € 5.9 million after € 28,800 in the corresponding period last year. In the period from April to June 2008, they installed and recognised in income 138 wind turbines with a total rated power of 276MW. At the end of the period under review, the order backlog amounted to 718 wind energy turbines (same period of previous year: 509 turbines) with a total rated power of 1,522.6MW (same period of previous year: 1,028MW). This corresponds to a contractually confirmed volume of around € 1.6 billion (as per end of June 2007: € 888.7 million). REpower Group is expecting sales volume to rise to € 1.1?billion in fiscal year 2008/09. The sustained improvement in cost structures and processes within the REpower Group will lead to a further rise in earning power. REpower is therefore expecting an EBIT margin of between 5.5% and 6.5% in 2008/09.
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