3W Power S.A., the holding company of AEG Power Solutions (AEG PS), announced its financial results for the third quarter ended September 30, 2011. The Group revenue for the quarter was 56.0% higher than in the same period in 2010, reaching €109.2 million (2010:€70.0 million). The revenue growth for the quarter was generated by both company business segments: revenue at Renewable Energy Solutions (RES) increased to €62.1 million (2010:€29.4 million) while revenue at Energy Efficiency Solutions (EES) rose to €47.1 million (2010:€40.6 million).
“We are very pleased with our performance during the third quarter 2011. Based on our global go-to market strategy for renewable energy solutions and our technical leadership in power controllers, we successfully continued to drive growth, despite market weaknesses in certain Western European countries”, commented Horst J. Kayser, CEO of AEG Power Solutions. "With our combination of competence in industrial power electronics and experience in the renewable space, we contribute to a sustained, secure and efficient energy supply for the future."
