In the first half of fiscal year 2010/11, the REpower Systems Group generated a total operating performance of € 515.2 million, a decline of 16.5% compared with the corresponding period of the previous year (€ 617 million). Revenue also decreased, dropping from € 609.7 million to € 499 million year-on-year. In contrast, EBIT rose by 9.6% from € 31.3 million to € 34.3 million, while earnings before tax climbed 26% from € 26.5 million to € 33.4 million. After taxes, the net result for the first half of fiscal year 2010/11 amounted to € 21.8 million, an increase of 24.6% compared with the relevant period of the prior year.
In the first six months of fiscal year 2010/11, the company posted incoming orders with a total rated capacity of around 565 MW (previous year: 437 MW). As at September 30, 2010, the order backlog was 2,254 MW, significantly higher than the 1,307 MW recorded at the previous year’s reporting date. On the reporting date, the contractually-secured order volume amounted to € 2.58 billion following a figure of € 1.60 billion at the end of September 2009. Installation figures rose slightly: In the reporting period, the company set up or installed wind turbines with a total rated capacity of 399 MW, an increase of 3.4% compared with the first half of fiscal year 2009/10 (386 MW). For fiscal year 2010/11 as a whole, REpower Systems AG most recently forecast an increase in total performance for the group to € 1.5-1.6 billion as well as an operating profit margin (EBIT margin) of between 7.5% and 8.5%. The Executive Board has confirmed these targets, but would like to emphasize that uncertainty regarding the achievement of its goals has increased significantly due to a growing number of projects postponed by customers.
In the first six months of fiscal year 2010/11, the company posted incoming orders with a total rated capacity of around 565 MW (previous year: 437 MW). As at September 30, 2010, the order backlog was 2,254 MW, significantly higher than the 1,307 MW recorded at the previous year’s reporting date. On the reporting date, the contractually-secured order volume amounted to € 2.58 billion following a figure of € 1.60 billion at the end of September 2009. Installation figures rose slightly: In the reporting period, the company set up or installed wind turbines with a total rated capacity of 399 MW, an increase of 3.4% compared with the first half of fiscal year 2009/10 (386 MW). For fiscal year 2010/11 as a whole, REpower Systems AG most recently forecast an increase in total performance for the group to € 1.5-1.6 billion as well as an operating profit margin (EBIT margin) of between 7.5% and 8.5%. The Executive Board has confirmed these targets, but would like to emphasize that uncertainty regarding the achievement of its goals has increased significantly due to a growing number of projects postponed by customers.
