Germany

Germany

Cautious optimism as Repower forecasts increase in sales

Repower Systems has affirmed its forecast for its just started 2008/2009 financial year, expecting an increase in sales to EUR 1.1 billion and a pre-tax profit margin of 5.5-6.5%. But it has reduced its growth expectations for business year 2009/2010 in an anticipation of a slowdown in the wind energy market in 2009 induced by the global financial crisis, "which might be reflected in a stagnating or even slightly declining number of new installations." The company sees a risk of project postponement by customers in the next business year and has reduced its growth expectation for 2009/2010 to 30% from previously 40-50%.

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