EANS-News: REpower Systems AG / REpower announces preliminary half year results and welcomes shareholders at the Annual General Meeting

EBIT improvement to EUR 34.3 million (+9.6%) despite
decline in turnover
Order volume increases by 61.3% to EUR 2.58
billion
Today’s Annual General Meeting to resolve dividend payment
of EUR 1.57 per share and transformation of corporate form from an AG
into an SE

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Financial Figures/Balance Sheet

Subtitle: EBIT improvement to EUR 34.3 million (+9.6%) despite
decline in turnover
Order volume increases by 61.3% to EUR 2.58 billion
Today’s Annual General Meeting to resolve dividend payment of EUR 1.57 per share
and transformation of corporate form from an AG into an SE

Hamburg (euro adhoc) - Hamburg, October 25, 2010. In the first half
of fiscal year 2010/11 (1 April - 30 September 2010) REpower Systems
AG (Prime Standard, WKN 617703) generated a total performance of EUR
515.2 million and recorded a turnover of EUR 499.0 million according
to provisional calculations. These figures correspond to a decline of
around 16.5 and 18.2% respectively compared to the same period of the
previous year (total performance: 617.0, turnover: 609.7). In
contrast, earnings before interest and taxes (EBIT) improved from EUR
31.3 million to EUR 34.3 million. The order volume also developed
positively rising by 61.3% to EUR 2.58 billion. During today´s Annual
General Meeting, the shareholders are, among other things, to vote on
a dividend payment of EUR 1.57 per share and on the transformation of
REpower to a European Company (Societas Europaea, SE).

Within the reporting period from 1 April to 30 September 2010, group
turnover amounted to EUR 499.0 million (previous year: EUR 609.7
million). Total performance decreased from EUR 617.0 million to EUR
515.2 million. In contrast, earnings before interest and taxes
developed positively and recorded an increase by 9.6% from EUR 31.3
million in the first half of fiscal year 2009/10 to currently EUR
34.4 million.

At the end of September 2010, the order backlog shows a contractually
assured order volume of EUR 2.58 billion compared to EUR 1.6 billion
at the previous year´s record date. This corresponds to an increase
by 61.3%. Accordingly, the order backlog increased from 1,307 MW (592
wind turbines) to 2,254 MW (864 wind turbines). The figures only
contain delivery quantities that have been ordered obligatory within
the framework of project contracts as well as release orders from
framework agreements.

Today, the Annual General Meeting of REpower Systems AG takes place
in Hamburg. Among other things, the payment of a dividend amounting
to EUR 1.57 per share for the past fiscal year 2009/10 as well as the
transformation of the corporate form - from a German
Aktiengesellschaft (AG) into a European Company (Societas Europaea,
SE) - are due for approval.

The publication of the final half year results and the complete six
months´ report will presumably take place on November 12, 2010.

end of announcement euro adhoc
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ots Originaltext: REpower Systems AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Daniela Puttenat

Tel.: +49(0)40 5555090-3024

E-Mail: d.puttenat@repower.de

Branche: Alternative energy
ISIN: DE0006177033
WKN: 617703
Index: CDAX, Prime All Share, Technology All Share
Börsen: Berlin / Open Market
Hamburg / Open Market
Stuttgart / Open Market
Düsseldorf / Open Market
München / Open Market
Frankfurt / regulated dealing/prime standard