Overview

• Repower posted total operating revenue of CHF 1.17 billion in the first half of 2012 (- 5%).
• The operating result (EBIT) was CHF 53 million and thus 9 % below the prior-year figure.
• Group profit was impacted by currency and interest rate trends and ended the first half of 2012 at CHF 20 million (- 37 %).
• Work on expanding the power generation portfolio progressed according to plan. Repower is also investing in renovations to existing generating facilities and in the grid infrastructure.
• Sales of electricity increased by six per cent, while sales of gas rose by fifteen per cent. Both areas made a positive contribution to results.
• Despite a tight market and low energy prices, Repower Trading generated good results.

Stefan Kessler, CFO: “ Despite a tight market environment, Repower recorded a sound operating result in the first half of 2012. ”

Giovanni Jochum, Head of Market: “ Gas sales in Trading increased by one third over the previous year's period. ”

Felix Vontobel, Head of Assets: “ Thanks to good weather conditions and high plant availability, Repower saw a gratifying year-on-year increase of nineteen per cent in own generation of hydroelectricity and wind power. ”