Company Announcement no. 16/2008
Greentech Energy Systems A/S - Interim Report for the period 1 January - 31
March 2008
HIGHLIGHTS FOR THE FIRST QUARTER OF 2008
• Revenue for the period was TDKK 26,583 against TDKK 10,942 in the
year-earlier period. The improvement was attributable to good wind conditions
and increased capacity.
• The operating profit of TDKK 9,208 was the best quarterly performance to
date in spite of the production limitations suffered by the Energia Verde
project in January/February.
• The pre-tax profit of TDKK 11,536 (against TDKK 555) is satisfactory and
better than expected.
• Construction of the three Italian wind farms Monte Grighine, Minerva Messina
and Cagliari II with a combined capacity of 171.2 MW (gross) is proceeding as
planned, and all three facilities are expected to be commissioned around the
turn of the year.
• As a result of the significant earnings improvement in the first quarter
2008, the Company upgrades its pre-tax profit forecast to TDKK 12,000-15,000
for the full year.
