- Published: 18 February 2009 18 February 2009
In the first nine months of fiscal year 2008/09 REpower Systems AG realised a total performance figure of € 842.9 million compared to € 552.7 million in the same period of the previous year. Sales increased year-on-year from € 582.5 million to € 850.5 million..
Earnings before interest and taxes (EBIT) for the period from April to December 2008 stood at € 38.1 million compared to € 27.9 million in the previous year. Net profit increased from € 21.1 million as per end of December 2007 to now € 26.1 million. In the first nine months of fiscal year 2008/09 REpower Systems AG installed and recognised in sales 416 wind energy turbines with a total rated power of 850.0MW (corresponding period of the previous year: 300 wind turbines with 591.0MW). The order backlog amounted to 708 wind energy turbines (same period of previous year: 636 turbines) with a total rated power of 1,502.6MW (same period of previous year: 1,300.5MW). This corresponds to a contractually confirmed order volume of more than € 1.6 billion (31.12.2007: € 1.3 billion). For the next fiscal year, REpower affirms its forecasted sales growth of 30 to 35% (based on the sales target of € 1.1 billion in fiscal year 2008/09) which had been adjusted in November 2008. However, given the current unstable global economy REpower presumes a growing risk of project shifts on the part of customers. This forecast is accompanied by an improvement in the EBIT margin to between 7.5% and 8.5%.