Published: 01 April 2008 01 April 2008
REpower posted a strong improvement across all important figures. EBIT at € 28.2 million was more than twice the level of the previous year (€ 12.2 million), sales and total operating performance moved up by 48.2% and 46.9% to € 680.2 million and € 678.2 million respectively (previous year: € 458.8 million and € 461.5 million), while net profit after taxes tripled from € 7.1 million to € 21.1 million.
For the new fiscal year 2008/09, which starts on 1 April 2008, REpower plans investments totalling some € 86 million. Nearly € 60 million of this is for the expansion and construction of production and administration buildings, including tooling like moulds for rotor blades. As a result of the investment program, REpower will more than double its annual production capacity from its current level of 1,300 MW within the next two years. For 2008/09, REpower recently increases its sales guidance to € 1.1 billion and forecasts an EBIT margin between 5.5% and 6.5%. Planning for the fiscal year 2009/10 is for sales growth between 40% and 50%, which is generated together with an increase in the EBIT margin.