12.12.2016 PNE WIND AG  DE000A0JBPG2

DGAP-News: PNE WIND AG: 80 percent stake in a 142 MW wind farm portfolio has been sold to a subsidiary of Allianz Global Investors


 
DGAP-News: PNE WIND AG / Key word(s): Disposal PNE WIND AG: 80 percent stake in a 142 MW wind farm portfolio has been sold to a subsidiary of Allianz Global Investors 12.12.2016 / 08:53 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Press release PNE WIND AG: 80 percent stake in a 142 MW wind farm portfolio has been sold to a subsidiary of Allianz Global Investors - Largest wind farm sale in the company's history - Liquid funds for strategic investments - PNE WIND retains 20 percent of the portfolio and provides operational management services Cuxhaven, 12 December 2016 - PNE WIND signed this weekend a contract representing the largest onshore wind farm sale in the company's history. The 142 MW wind farm portfolio has a total enterprise value exceeding euro 330 million. 80 percent of the shares in the portfolio were sold to a subsidiary of AREF II Renewables Investment Holding S.à r.l. Additionally an option is in place for a further 10 MW wind farm. The buyer is a subsidiary of the energy and infrastructure fund Allianz Renewable Energy Fund II, which is managed by Allianz Global Investors GmbH (AllianzGI). The remaining 20 percent of the wind farm portfolio will continue to be held by the wind power specialist PNE WIND. In addition, PNE WIND will benefit from long-term sustainable earnings amounting to a double-digit million figure from the ongoing operation and operational management of the wind farms. The closing of the contract and therefore the payment of the purchase price is still subject to an ongoing antitrust procedure. This procedure is expected to be closed by yearend. With the closing of the contract this year, this sales transaction is a major step towards attaining the earnings guidance of a consolidated EBIT up to euro 100 million for the financial year 2016. Successful long-term development PNE WIND has been investing in the construction of the wind farm portfolio since 2014. The completed wind farms were successively bundled and were held up to now as own operations. In the portfolio, two turbines with a nominal output of 6 MW are still under construction. An additional wind farm with approximately 10 MW is currently in the planning permission procedure and will be integrated into the portfolio later. The wind farm portfolio will generate sufficient environmentally friendly electricity to cover the average annual demand of around 125,000 households. Markus Lesser, CEO of PNE WIND AG: "We are delighted to have found a reliable and long-term partner with AllianzGI, which values the quality of our wind farms and our operational management services. We see the sale of the wind farm portfolio to one of Germany's largest institutional investors as evidence to the quality of our projects. PNE WIND, through its remaining 20 percent holding in the portfolio, will continue to benefit over the long term from the operations and by providing services to the wind farms. Liquid financial resources for further development With the sale of the wind farm portfolio, the foundation for the future development of PNE WIND AG has been strengthened. Markus Lesser: "Through the portfolio sale, we will now have the financial resources to be able to react flexibly and quickly to changes in the international markets and to expand our strategic investments. We also intend to invest in further wind farm projects. With our strong brands and proven on and offshore development expertise, we are excellently positioned to benefit from the growing global demand for wind power and associated services. The PNE WIND Group remains on course for future developments." Additional income from own operations and wind farm management services Through holdings in operational wind farms and by expanding the service business, PNE WIND is building upon its core business of wind farm project development. PNE WIND remains the technical and commercial manager of the wind farm portfolio and also operates the related transformer substations. PNE WIND has shown that it is capable to regularly bring high-quality wind farm projects of significant size to the market. In the last few years, the sale of offshore projects to a Danish energy company and the sale of the British project pipeline represented very successful transactions. About the PNE WIND Group The PNE WIND Group, with its brands PNE WIND and WKN, is one of the leading German wind farm developers. With its 360 employees, the PNE WIND Group has been offering services covering the entire added value chain ranging from the development, planning, realisation, financing, operation, marketing and repowering of wind farms in Germany and abroad from a single source for more than 25 years. Once the completed wind farms have been handed over, the PNE WIND Group also offers technical and commercial operation management services, including regular maintenance, for the wind farms. Offshore wind farms are developed up to the point where they are construction ready and our services cover the projects till operations begin. Alongside its business activities in its established domestic market, the PNE WIND Group is present at the international level in order to benefit from the huge growth potential of the global wind energy market and it is expanding into dynamic growth markets. Contacts for inquiries

PNE WIND AG                                PNE WIND AG
Rainer Heinsohn                            Scott McCollister
Head of Corporate Communications           Head of Investor Relations
Tel.:  +49(0) 47 21 - 7 18 - 453           Tel.:  +49(0) 47 21 - 7 18 - 454
Fax: +49(0) 47 21 - 7 18 - 373             Fax: +49(0) 47 21 - 7 18 - 373
Rainer.Heinsohn(at)pnewind.com             Scott.McCollister(at)pnewind.com


--------------------------------------------------------------------------- 12.12.2016 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 WIND AG Peter-Henlein-Straße 2-4 27472 Cuxhaven Germany Phone: 04721 / 718 - 06 Fax: 04721 / 718 - 200 E-mail: [email protected] Internet: http://www.pnewind.com ISIN: DE000A0JBPG2, DE000A1R0741, , DE000A12UMG0, WKN: A0JBPG, A1R074, , A12UMG, Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service --------------------------------------------------------------------------- 528677 12.12.2016


Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 114,08 91,38 132,80 109,69 117,73 126,17 129,00
EBITDA1,2 28,60 14,47 31,56 26,35 32,65 35,39 37,00
EBITDA-Marge3 25,07 15,83 23,77 24,02 27,73 28,05
EBIT1,4 23,13 7,79 18,96 8,17 9,27 6,17 2,50
EBIT-Marge5 20,28 8,52 14,28 7,45 7,87 4,89 1,94
Jahresüberschuss1 14,24 -2,41 -0,11 0,90 26,66 14,09 -13,80
Netto-Marge6 12,48 -2,64 -0,08 0,82 22,65 11,17 -10,70
Cashflow1,7 22,63 -28,24 35,41 -68,50 23,78 -9,01 0,00
Ergebnis je Aktie8 0,22 -0,01 0,01 0,02 0,33 0,20 -0,18
Dividende8 0,04 0,04 0,04 0,04 0,08 0,08 0,12
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2023 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Deloitte

INVESTOR-INFORMATIONEN
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PNE
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A0JBPG 13,500 Halten 1.034,15
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
67,50 20,62 3,29 78,04
KBV KCV KUV EV/EBITDA
5,57 - 8,20 46,23
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,08 0,04 0,30 30.05.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
09.05.2024 08.08.2024 13.11.2023 27.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
0,46% 3,47% -2,46% -5,73%
    
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