In the first six months of 2005, the LM Glasfiber Group posted revenue of DKK 1,099 million, up 20% on the same period of 2004. The revenue increase was attributable to a higher level of activity in North America and Asia and a change in sales seasonality in Northern Europe. The sales increase is expected to be partially balanced out later in the year. Operating profit (EBIT) fell 6% from DKK 95 million to DKK 89 million. The lower profit is due in part to the fact that they have invoiced a greater proportion of their sales in USD in the first quarter of 2005. The other reason for the lower profit is raising prices of composite materials such as resin, carbon fibres and core materials. LM Glasfiber recorded a DKK 29 million improvement in pre-tax financial performance during the first six months of 2005, from a loss of DKK 2 million last year to a profit of DKK 27 million this year. In addition to the above-mentioned revenue increase, the improvement is attributable to a DKK 21 million decline in net interest expenses due to lower interest rates and due to repayment of our Equity Bridge loan in April 2004. During the first six months of 2005, LM Glasfiber delivered 3,615 blades, corresponding to 1,308 MW. This constitutes an increase of 23% in supplied MW relative to the year-earlier period.

The Supervisory Board of REpower Systems AG resolved the early reappointment of CEO Prof Fritz Vahrenholt and COO Matthias Schubert for at least another three years. Mr. Vahrenholt and Mr. Schubert have been members of the Board of REpower Systems AG since the company’s foundation in 2001 and were originally appointed until the end of April 2006. Both were given three-year contracts running until 2009, and an option to extend the contract for a further two years. As the contract of CFO Pieter Wasmuth runs until the end of December 2007, the Supervisory Board is not currently expected to make any further appointments.

The partnership initiated 15 years ago between Schneider Electric and CEDRAT Group has passed a new stage. FLUX, the software solution from CEDRAT Group, has been chosen to be the reference solution in the R&D departments of the whole Schneider Electric group, for the design of electrical equipments. This choice is included in a global policy to standardize design tools. The software will be used to design and optimise equipments such as:
- Low and medium voltage circuit breakers,
- Contactors, motor controllers,

The new Nordex AG Supervisory Board appointed in June has expressed its confidence in the company’s present Management Board. The contracts of Thomas Richterich (CFO) and of Hansjörg Müller (Operations) have been extended. The contract of Carsten Pedersen, COO Sales and Marketing, was already extended in the spring of 2005.  In addition, Thomas Richterich has been appointed Chairman of the Board. The key positions in the management of Nordex AG were refilled in 2003 and 2004 after the company had slid into the red.

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.

CTE is an experimented engineering office for structural calculation based in Mulhouse (France) with subsidiaries in Germany and Brazil. This year its presence on the wind energy market became reinforced also thanks to a new office in Brittany (western France) which has been added to the “wind turbines department” .Created in the month of March, it especially aims to meet the requirements of the numerous clients in France and Germany. The know-how for static calculations of foundations includes also the calculation of fatigue and finite elements, in accordance with the known regulations for wind turbines like GL and DIBt, and also adapted to the French norms.