REpower’s prior guidance indicated it would see full-year sales around €1.5bn ($2.1bn).

The Hamburg-based company saw its sales for the three-month period to 30 June increase nearly 30% compared to the same period last year, rising from €232m to €301m.

But its earnings before interest and taxes (EBIT) rose far more modestly, going from €10.2m to €10.7m. As such, as its EBIT margin fell from 4.2%