REpower sales increased by 23%

The REpower Systems Group (WKN 617703) increased its sales by approx. 23% to EUR 262.5 million (previous year: EUR 213.1 million) in the first quarter of the 2011/12 fiscal year (April 1 to June 30, 2011). Total performance grew by nearly 22% from EUR 204.0 million to EUR 248.3 million. EBIT was EUR 10.0 million (Q1 2010/11: EUR 1.5 million) in the period under review.

After offsetting interest and other financing income and expenses, earnings before tax amounted to EUR 7.6 million (Q1 2010/11: EUR 3.2 million). In the period under review, REpower generated net earnings of EUR 4.2 million, following EUR 1.8 million in Q1 2010/11. REpower Systems SE installed or supplied wind turbines with a total capacity of 195 megawatts (MW). This represents an increase of about 15% compared with the first quarter of 2010/11 (169 MW). Incoming orders in the period under review were EUR 218 million, down from EUR 323 million in the first quarter of 2010/11. Contractually secured order volume as at June 30, 2011 was approx. EUR 2.61 billion. This represents an increase of about 8% compared with the previous year’s reporting date (EUR 2.42 billion). REpower confirms its forecast for significant sales and earnings growth in the 2011/12 fiscal year.