Ihr Broker

  • DAX 0,70
  • EUR/USD 0,50
  • GOLD 0,30

Nur Spreads

Keine Kommission

Jetzt registrieren

CFDs sind komplexe Instrumente und umfassen aufgrund der Hebelfinanzierung ein hohes Risiko, schnell Geld zu verlieren.

trading-house Börsenakademie

Gemeinsam erfolgreich



08.08.2019 - 08:03:13

PNE AG achieves very strong improved results in the first half of the year

Corporate News

PNE AG achieves very strong improved results in the first half of the year

- Total aggregate output of euro 85.6 million (prior year: euro 38.2 million)

- Operating profit (EBIT) tripled to euro 12.9 million (prior year: euro 4.1 million)

- Forecast for the entire year confirmed

Cuxhaven, August 8, 2019 - In the first half of 2019, the PNE Group, which is internationally active in project development and the provision of services for wind and PV projects, continued to develop in operational and strategic terms. PNE has put wind farm projects with around 404 MW into operation or has started their construction - more than ever before in a half-year. This is also reflected in a tripled operating prfit (EBIT), as shown in the half-year report published today.

Sales successes reflected in first-half results Driven by sales successes, the Group generated in the reporting period revenues of euro 65.6 million (prior year: euro 28.4 million), total aggregate output of euro 85.6 million (prior year: euro 38.2 million). Earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted to euro 18.5 million (prior year: euro 8.7 million) and the operating profit (EBIT) euro 12.9 million (prior year: euro 4.1 million). This results in undiluted earnings per share of euro 0.05 (prior year: euro 0.00).

Markus Lesser, CEO of PNE AG: "This is a very pleasing outcome, and the figures confirm the positive development of the Group. PNE is thus well on target for the year as a whole. Accordingly, we also confirm our goal of generating EBITDA in the range of euro 25 to 30 million and EBIT in the range of euro 15 to 20 million within the Group in the entire year."

International progress International operating activities have developed very positively and are the basis for the very strong operating profit. In the second quarter of 2019, PNE sold two further projects (245 MW) in Poland and Sweden. As with other projects, PNE will take over the construction management for these and, after completion, support them during the operating phase. This will further strengthen the services we offer. In the USA, the rights to the "Burleigh" project were sold in the second quarter.

Projects developed by PNE in Sweden and France (44.4 MW) were completed. In Poland, construction began on a wind farm (42 MW) developed and sold by PNE, for which PNE has taken over construction management and which PNE will subsequently also manage when in operation.

PNE already entered another international market in the first quarter of 2019: Panama. Five already partially developed projects were taken over there, which are now being further managed and optimised. PNE has opened an office in Panama for this purpose. Starting from Panama, PNE also sees good opportunities to enter into additional markets in Latin America.

Operational figures in Germany according to plan Further progress has been made in building up the "wind farm portfolio 2020", in which wind farms with a nominal capacity of up to 200 MW will be bundled. In the first half of the year, the projects "Gerdau-Repowering" (21.6 MW, Lower Saxony) and "Schlenzer" (6.5 MW, Brandenburg) were put into operation. This means that wind farms with a capacity of 95.7 MW are already in operation (71.3 MW) or under construction ("Neuenwalde" wind farm, 7.2 MW, Lower Saxony, and "Kittlitz" wind farm, 17.2 MW, Brandenburg). Additional projects are at the approval stage at present.

Development is progressing Markus Lesser, CEO, comments: "We are well positioned in operational terms at the national and international level. At the same time, we are also developing new solutions and products for our customers. Internally, we have adapted structures to this development. This means that the PNE Group is well equipped to meet the challenges of the market and to continue its positive development."

About PNE Group The internationally operating PNE Group with its brands PNE and WKN is one of the most experienced project developers of onshore and offshore wind farms. Based on this success, the Group has developed to become a "clean energy solutions provider". From initial site exploration and implementation of approval procedures via financing and turnkey construction to operation and repowering, the Company's services encompass all the phases of developing and operating wind farms. In addition to wind energy, in the future, the Company's range of offers will include photovoltaics, electricity storage, services and the supply of clean electricity. In this context, PNE is also involved in the development of power-to-gas solutions.

Contacts for enquiries

PNE AG Rainer Heinsohn Corporate Communications Tel: +49 (0) 4721 718 453 Fax: +49 (0) 4721 718 373 Rainer.Heinsohn(at)pne-ag.com PNE AG Christopher Rodler Investor Relations Tel: +49 (0) 40 87933 114 Fax: +49 (0) 4721 718 373 Christopher.Rodler(at)pne-ag.com  

08.08.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English Company: PNE AG Peter-Henlein-Straße 2-4 27472 Cuxhaven

Germany Phone: 04721 / 718 - 06 Fax: 04721 / 718 - 200 E-mail: info@pne-ag.com Internet: http://www.pne-ag.com ISIN: DE000A0JBPG2, DE000A2LQ3M9, , DE000A12UMG0, WKN: A0JBPG, A2LQ3M, , A12UMG, Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange EQS News ID: 853813   End of News DGAP News Service

853813  08.08.2019 

@ dgap.de