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.”

Environment remains challenging

The environment will remain challenging in 2012. We expect persistently low prices, a weak euro and uncertain markets. Despite this situation, Repower considers itself well-positioned with its strategy of a diversified power generation portfolio and with business areas along the entire value chain.

We therefore assume that profits in 2012 will be similar to 2011. In terms of EBIT, we anticipate a lower result than in 2011.