REPOWER

Increase in revenue

Kurt Bobst, CEO:

“Considering the challenging operating environment, 2011 was a positive year for Repower. In addition to a good operating result, we were able to make solid progress in developing our strategic projects.”

Increase in revenue

Total operating revenue generated by the Repower Group rose by 11 per cent to CHF 2,523 million in 2011. Electricity sales were only slightly below the previous-year level at 18.9 terawatt hours. 40 per cent more electricity was sold in distribution year-on-year at 6.4 terawatt hours. This increase can be attributed in part to the sales of the Romanian subsidiary which was taken over by Repower at the end of 2010 and thus only contributed to the sales for an entire year in 2011. Electricity sales in trading, on the other hand, fell by 17 per cent to 12 terawatt hours. Power generated by the company's own plants increased year-on-year by 25 per cent to 2.2 terawatt hours, a development that can primarily be attributed to a higher contribution from the gas-fired combined cycle-power plant in Teverola. Wind power generation nearly doubled to 66 gigawatt hours in 2011.