Martin Gredig, CFO: “ Group profit increased to CHF 32 million despite negative exchange rate factors.”

Repower held its own in an unsettled market environment.

Total operating revenue amounted to CHF 1.23 billion.

Giovanni Jochum, Head of Market: “ Our project to create an investment company for energy utilities is attracting keen interest.”

Good operating result (EBIT) of CHF 58 million (-5% versus the prior-year period).

Work started on the construction of Lucera wind farm (Apulia, IT). The thirteen planned wind farms will boast an installed capacity of 26 megawatts.

Felix Vontobel, Head of Assets: “ The realisation of the Taschinas power plant shows how the potential of hydropower can be effectively leveraged.”

Since July 2011 we have also been operating in Romania under the Repower name and visual identity.

Sales of electricity to end customers reached 3,180 gigawatt hours in the first half of 2011 (+42% compared to the prior-year period).