EANS-News: REpower Systems AG announces results for first nine months of 2010/11 (April 1, 2010 - December 31, 2010)

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Financial Figures/Balance Sheet

Hamburg (euro adhoc) - Total performance EUR 804.0 million
EBIT EUR 44.4 million
Order backlog rises to EUR 2.9 billion

Hamburg, February 4, 2011. In the first nine months of the fiscal
year 2010/11, REpower Systems AG (WKN 617 703) achieved a total
performance of EUR 804.0 million, compared with a total performance
of EUR 936.3 million for the same period of the previous year. The
revenue for the period under review amounted to EUR 758.0 million,
compared with EUR 920.5 million in the previous year. At EUR 44.4
million, EBIT was down around 21% on the previous year (EUR 56.3
million). Earnings before tax amounted to EUR 43.1 million in the
reporting period, compared with EUR 47.2 million in the previous
year. The net result fell by 18.4% from EUR 32.1 million to EUR 26.2
million.

In the first nine months of the fiscal year 2010/11, REpower Systems
AG supplied or installed wind turbines with a total capacity of 628
megawatts (MW). The previous year´s figure was 662 MW. The order
backlog at the end of the period under review stood at 2,458 MW. This
represents an increase of around 77% compared with the end of 2009
(1,391 MW). The contractually secured order volume as at December 31,
2010 totaled almost EUR 2.9 billion, an increase of around 71% on the
previous year´s figure of EUR 1.7 billion.

In the period from April to December 2010, new orders were received
for a total capacity of 1,019 MW (previous year: 701 MW). This
represents a volume of more than EUR 1.1 billion. The substantial
increase in incoming orders and the order backlog was due in
particular to the conclusion of contracts for offshore projects with
high revenue and the sale of a larger number of turbines of the
REpower 3.4M104 type than in the previous year.

The company recently revised its outlook for the current fiscal year
2010/11 and now expects to achieve a total performance of EUR 1.25
billion to EUR 1.35 billion (previously: EUR 1.5 billion to EUR 1.6
billion) and an operating margin (EBIT margin) of 5% to 7%
(previously: 7.5% to 8.5%). The reason for adjusting the forecast was
that increasing numbers of projects are being postponed, particularly
owing to outstanding funding commitments. Owing to the sluggish
development of the market, these postponed projects have been offset
only to a limited extent by adequate replacement orders in the
current fiscal year.

Excess capacity on the wind energy market remains high, which is
expected to lead to further pressure on prices and margins for
onshore wind turbines in 2011. The Executive Board has therefore
commenced extensive cost-cutting measures such as the purchase of
components at lower prices in Asia. In order to improve its
international competitiveness the company also intends to invest in
additional production facilities abroad. REpower so far owned 90% of
the Portuguese rotor blade manufacturer PowerBlades and recently
acquired the remaining 10% share in the joint venture from Martifer
Group. With immediate effect, REpower is the sole owner of the rotor
blade producer. In addition, REpower Systems AG acquired the
remaining 50% share in the in 2005 jointly founded joint venture
REpower Portugal from Martifer. As of now, REpower Portugal Sistemas
Eólicos S.A. headquartered in Oliveira de Frades is a 100 percent
subsidiary of REpower Systems AG.

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