Half-Year results REpower Systems

In the first half-year 2005, REpower Systems AG installed 69 sales-related wind turbines and increased installed nominal output by 54.4 percent to 123.5MW. Revenues in the reporting period increased from € 65.7 million to € 121.5 million. The operating result, which fell from € –8.8 million in the first half-year 2004 to € –12.7 million, was affected by non-recurring effects amounting to approximately € 6.0 million from ongoing restructuring. Orders on hand increased significantly from € 364.6 million at the end of June 2004 to € 502.3 million at the end of June 2005. This is the highest level of orders on hand since the formation of REpower Systems AG. In view of this high level, from today’s perspective the objective of installing 200 turbines in 2005 will at least be achieved. For the whole of the year, REpower retains its outlook for an improved result against the previous year. Should sales continue to expand, an EBIT in a double-digit million Euro range is anticipated for the 2006 finanical year.