Germany: REpower Announces Preliminary Results for First Quarter of Fiscal Year 2011/12

According to initial calculations REpower Systems SE (WKN 617 703) generated a total performance of EUR 248.3 million in the first quarter of fiscal year 2011/12 (April 1, 2011 – June 30, 2011) compared to EUR 204.0 million in the previous year’s period.

Revenue increased by around 23% year-on-year from EUR 213.1 million to EUR 262.5 million. The result from operating activities (EBIT) for the period from April to June 2011 multiplied from EUR 1.5 million to EUR 10.0 million. The increase mainly results from a higher business volume in the markets North America and Offshore.

In the first three months of fiscal year 2011/12 the order intake volume amounted to approximately EUR 218 million (first quarter of 2010/11: EUR 323 million). The order backlog as per key date June 30, 2011 included agreements with a total capacity of around 2,328 megawatts (MW) compared to 2,095 MW at the previous year’s record date. This corresponds to a potential revenue volume of around EUR 2.61 billion (June 30, 2010: EUR 2.42 billion). The figures exclusively comprise the batches bindingly ordered within the scope of project agreements, as well as on-call orders arising from framework agreements.

Publication of the final results for the first quarter of fiscal year 2011/12 and the complete quarterly report is scheduled for August 12, 2011.

[mappress]

Source: repower, July 27, 2011