PNE WIND AG: Proposal for dividend based on the positive 2017 business results
March 21, 2018 at 06:15 am EDT
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DGAP-Ad-hoc: PNE WIND AG / Key word(s): Dividend
PNE WIND AG: Proposal for dividend based on the positive 2017 business results
21-March-2018 / 11:09 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Publication of insider information in accordance with Article 17 of the EU Market Abuse Regulation (MAR)
PNE WIND AG: Proposal for dividend based on the positive 2017 business results
Cuxhaven, March 21, 2018 - As a result of the positive end to the 2017 fiscal year, the Supervisory Board of PNE WIND AG decided today, in agreement with the proposal of the Board of Management, to suggest to the general meeting of shareholders on June 6, 2018 the distribution of a four percent dividend on the notional interest in the share capital per registered no-par value share entitled to a dividend for fiscal 2017.
The consolidated financial statements as at December 31, 2017, approved by the Supervisory Board, show total aggregate output of euro 186.9 million (prior year: euro 259.2 million) and operating profit (EBIT) of euro 23.1 million (prior year: euro 97.0 million). The basic earnings per share amount to euro 0.22 (prior year: euro 0.90).
PNE WIND AG's separate financial statements (HGB), also approved by the Supervisory Board, show net income totalling euro 32.6 million (prior year: euro 40.1 million). The retained earnings of PNE WIND AG amounted to euro 130.9 million on December 31, 2017 (prior year: euro 107.5 million).
PNE WIND AG will publish its 2017 Annual Report on March 28, 2018.
PNE WIND AG
Christopher Rodler
Investor Relations
Tel.: +49 4721 718 454
Fax: +49 4721 718 373
Christopher.Rodler(at)pnewind.com
21-March-2018 CET/CEST 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:
info@pnewind.com
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
PNE AG, formerly PNE Wind AG, is a Germany-based renewable energy company. The Company develops onshore and offshore wind farms. It operates through two segments. The Electricity Generation segment covers the generation of electricity from the operation of own wind farms, and the Projecting of Wind Power Turbines covers the activities from initial site exploration, approval procedure, financing, turnkey construction, operation and repowering, as well as related services. The Company operates under the brands PNE and WKN and is active through subsidiaries and joint ventures in Europe, South Africa, the United States and Canada. The Company's offshore wind farms are mainly located in the North Sea and onshore wind farms are in numerous countries in Europe, as well as in South Africa, the United States and Canada. In addition to wind energy, PNE AG pursues solutions in the areas of photovoltaic energy, electricity storage and power-to-gas technologies with a focus on hydrogen.
PNE AG 
