11.05.2016
PNE WIND AG DE000A0JBPG2
DGAP-News: PNE WIND AG: PNE WIND Group: a successful start in fiscal year 2016
DGAP-News: PNE WIND AG / Key word(s): Quarterly / Interim Statement
PNE WIND AG: PNE WIND Group: a successful start in fiscal year 2016
11.05.2016 / 08:00
The issuer is solely responsible for the content of this announcement.
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Corporate News
PNE WIND Group: a successful start in fiscal year 2016
- PNE WIND achieves a positive operating result
- Onshore and Offshore project pipeline are well filled
- Board confirms record EBIT forecast of up to euro 100 million for the
full year
Cuxhaven, May 11, 2016 - The wind project developer PNE WIND started the
fiscal year 2016 with strong tailwinds. The Group achieved a positive
operating result in the first quarter and thereby has laid the foundation
for a financially and operationally successful year. With the planned sale
of the Wind Farm-Portfolio with a total nominal output of up to 150 MW, PNE
WIND aims to achieve an EBIT up to euro 100 million in 2016.
The operating and internally held wind farms have already had a positive
impact on the financial figures in the first quarter of 2016 and the income
from these projects helped the Group achieve a positive operating result
(EBIT). On the other side, there were also high expenses in connection with
the development of additional wind farms, which will pay off in the future.
In the first three months of 2016, the Group generated sales of euro 11.9
million (prior year: euro 15.2 million), a total aggregate output of euro
21.1 million (previous year: euro 23.6 million), an operating profit (EBIT)
of euro 0.2 million (prior year: euro -6.0 million) and undiluted earnings
per share of euro -0.05 (prior year: euro -0.13). With a high level
of liquidity at euro 76.9 million and an equity ratio of 33 percent, PNE
WIND has the needed solid financial basis to bring its business activities
forward.
"From an operational and financial perspective, PNE WIND has successfully
finished the first quarter of 2016. We have achieved a good start in an
exciting and eventful year", commented Markus Lesser, the Chief Operating
Officer (COO), who assumes the position of Chief Executive Officer (CEO)
from May 26. "We have set our sights high and we intend to implement a
number of major projects this year. We intend to realise our Wind Farm-
Portfolio by means of an IPO or by placing the portfolio directly with an
investor."
"With our strong project pipeline, PNE WIND is excellently positioned.
Currently four onshore wind farms with a total nominal output of 55.2 MW
are being constructed. Of these, 32.1 MW will be bundled into our Wind
Farm-Portfolio. For additional wind farms with 32.9 MW, the necessary
permits are on hand, so that construction can be begun shortly. In light of
the positive start into the year, we confirm our financial goals for 2016,"
commented Markus Lesser.
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 plants have been handed over to
operators, the PNE WIND Group also offers technical and commercial
management services, including regular maintenance, for the wind farms. The
offshore wind farms at sea are developed up to the point where they are
ready to be constructed. Alongside its business activities in the
established domestic market in Germany, 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 queries
PNE WIND AG PNE WIND AG Rainer Heinsohn Scott McCollister Head of Corporate Communications 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--------------------------------------------------------------------------- 11.05.2016 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. Media archive at www.dgap-medientreff.de and 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, DE000A0B9VG7, , DE000A1R0741, , DE000A12UMG0 WKN: A0JBPG, A0B9VG, , A1R074, , A12UMG Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart End of News DGAP News Service --------------------------------------------------------------------------- 462251 11.05.2016
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