- Published: 14 November 2008 14 November 2008
In the first half of fiscal year 2008/09 REpower Systems AG realised gross revenues of € 531.1 million compared to € 268.7 million in the same period of the previous year..
Sales increased year-on-year from € 275.3 million to now € 529.8 million. Earnings before interest and taxes (EBIT) for the period from April to September 2008 stood at € 22.7 million compared to € 7.6 million in the previous year. Net profit increased from € 5.0 million as per end of September 2007 to now € 14.4 million. REpower affirms its forecast for the current fiscal year 2008/09 expecting an increase of the sales volume to € 1.1 billion and an EBIT margin of 5.5% -6.5%. Due to an expected slow-down of the wind energy market in 2009, which might be reflected in a stagnating or even slightly declining number of new installations, REpower notes a certain risk of project shifts on the part of customers in the next business year. In order to allow for this potential risk, REpower is adapting its sales growth forecast for 2009/10 from formerly 40% - 50% to 30% - 35%. This remains a higher-than-average growth in the market and also implies a further rise in EBIT margin compared to the current business year.