PNE AG: Dynamic start into 2021 with positive results
DGAP-News: PNE AG
/ Key word(s): Quarterly / Interim Statement/Quarter Results
Corporate News PNE AG: Dynamic start into 2021 with positive results - Overall performance increased significantly - Internal operations strengthened - Project pipeline for wind and photovoltaics continues to grow Cuxhaven, May 11, 2021 - PNE AG has made a dynamic start into the 2021 fiscal year, both in operational and in financial terms. The first quarter results are on target, as shown by the quarterly statement published today. In the first quarter of 2021, the Group generated sales of euro 16.1 million (prior year: euro 15.7 million), total aggregate output of euro 49.4 million (prior year: euro 25.1 million), earnings before interest, taxes, depreciation and amortisation (EBITDA) of euro 6.3 million (prior year: euro 6.4 and undiluted earnings per share of euro 0.01 (prior year: euro 0.00). Internal operations strengthened In addition, at the end of the first quarter, five wind farms with a nominal capacity of 97.1 MW were under construction in Germany. Markus Lesser, CEO of PNE AG: "This brings us step by step closer to our goal of expanding our own operations to up to 500 MW by the end of 2023. We expect to be able to commission further wind farms for our own portfolio this year. These wind farms are under construction, and others are in the approval process. With our own operations, we want to expand the service business and make a further contribution to reducing the volatility of earnings and stabilising earnings and sales at a high level." International realisation of wind farms In addition, PNE has entered into sales processes in Romania, France, the USA, Sweden, Poland and South Africa for already well-developed wind energy projects, some of which are expected to be completed this year. There was also further progress in the first quarter in the development of photovoltaic projects. In this field, PNE was able to expand the pipeline of projects in progress to 674 MWp. This, too, is an important component of the strategic further development. Forecast confirmed PNE is well on track. In spite of the current developments triggered by the COVID-19 pandemic, we are optimistic about the future. About the PNE Group Contacts for enquiries
11.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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: | 1194717 |
End of News | DGAP News Service |
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1194717 11.05.2021