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REpower sees 23% sales increase in Q1

According to reports, German wind turbine manufacturer REpower recorded sales of €248.3m in the quarter ending 30 June, a 23 per cent increase compared with the same period last year when it received orders worth €213.1m. EBIT in the period was up to €10m from €1.5m in the first three months of fiscal 2010 and net income was €4.2m, more than double last year’s level of €1.8m.

During the quarter REpower installed or supplied turbines with a combined capacity of 195MW, an increase of 15 per cent on the same period in 2010 when orders totalled 169MW. A large part of this was made up by the Ormonde project, a 30 turbine offshore installation in the UK. Andreas Nauen, CEO of REpower, said, ‘Ormonde has helped us show the market that we are able to accomplish large offshore projects.’

The company said it expects significant sales and revenue growth for the remainder of the fiscal year.

Also in July, REpower’s Italian subsidiary reached the milestone of installing 500MW of facilities in the country after the completion of the Ginestra wind farm on Italy’s west coast. In May, the company received a large order for 55 turbines in Canada with a combined capacity of 110MW.

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