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REpower continues profitable growth

Geschrieben am 13.11.2006 - [Nächster Artikel]

- Sales up by 50.0 percent to EUR 292.6 million
- EBIT improves from EUR -12.5 to EUR 3.4 million
- Revenue forecast for 2008 raised to EUR 850 million


--------------------------------------------------------------------------------
ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
the content of this announcement.
--------------------------------------------------------------------------------


Hamburg (euro adhoc) - Hamburg, 13 November 2006. REpower Systems
AG (Prime Standard, WKN 617703) successfully installed 188 wind
turbines and increased installed rated power by 108.8 percent to
355 megawatts in the first nine months of 2006. Sales
increased year-on-year from EUR 195.1 million to EUR 292.6
million. The operating result improved from EUR -12.5 million
in the previous year to EUR 3.4 million. There was a considerable
improvement in orders on hand during the period, increasing from
EUR 561.2 million as of 30 September 2005 to EUR 776.9 million
on 30 September 2006. This is the highest number of orders since
REpower Systems AG was founded. In light of the high number of
orders, REpower raises its revenue target for fiscal year 2008 from
EUR 800 million to EUR 850 million.

REpower Systems AG successfully installed 188 wind turbines in the
first nine months of 2006, compared to 96 turbines in the previous
year. This corresponds to a rated output of 355.0 megawatts
compared to 170.0 megawatts in 2005, thus representing an increase
of 108.8 percent. A total of 17 turbines were carried over from
2005 and were largely included in sales for the previous
year, depending on the degree to which they had been completed.

Total performance was up by 52.7 percent from EUR 194.8 million to
EUR 297.4 million during the reporting period, whereas sales
increased by 50.0 percent year-on-year from EUR 195.1 million to
EUR 292.6 million.

EBIT totalled EUR 3.4 million in the first nine months of the current
financial year, compared to EUR -12.5 million in the first nine
months of 2005. Net earnings increased from EUR -8.3 million in
the first nine months of 2005 to EUR 1.0 million.

The order book contained purchase agreements for 453 wind turbines
with total rated power of 867.5 megawatts at the end of
September 2006. This is the highest number of orders since
REpower Systems AG was founded and corresponds to a potential
order volume of EUR 776.9 million.

Some projects planned for the first six months of the year had to be
postponed due to continuing bottlenecks, in particular for gear
systems and rotor blade bearings. These projects have now been
scheduled for completion in the fourth quarter of 2006. The
planned sales figure of EUR 450 million and the likely EBIT of
EUR 11 to EUR 13.5 million could be affected by further delays in
the supply of gear systems and rotor blade bearings. The company
considers a risk possible not to realise sales of up to 10 wind
turbines by the end of the year. This results in a risk potential of
approx. EUR 1.5 million on the basis of the operating result.

REpower plans to increase the installation figures to around 325
wind turbines and to increase sales volume to EUR 650 million in the
2007 financial year. A further improvement of the EBIT margin is
to be expected.

The projects listed in the order book currently cover the period
until the 2008 financial year. In its long-term planning, REpower
thus expects the strong growth to continue and raises its revenue
forecast for 2008 to at least EUR 850 million corresponding to an
installation of 420 turbines. Sales from the recently concluded
Joint venture REpower North (China) and the joint enterprise planned
with the Essar Group in India are not included in this forecast.

A telephone conference for analysts and journalists will take
place on 14 November 2006 at 10 am (CET). The number to dial is +49
(0)30 868 717 90.


end of announcement euro adhoc 13.11.2006 20:26:33
--------------------------------------------------------------------------------


ots Originaltext: REpower Systems AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Thomas Schnorrenberg
Investor Relations Manager
Telefon: +49(0)40-53930-723
E-Mail: t.schnorrenberg@repower.de

Branche: Alternative energy
ISIN: DE0006177033
WKN: 617703
Index: Prime All Share, CDAX, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing/prime
standard
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bayerische Börse / free trade
 
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