PNE WIND : will probably achieve a Consolidated EBIT 2017 at the upper end of the EBIT-Guidance
December 29, 2017 at 11:25 am EST
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DGAP-Ad-hoc: PNE WIND AG / Key word(s): Final Results
PNE WIND AG will probably achieve a Consolidated EBIT 2017 at the upper end of the EBIT-Guidance
29-Dec-2017 / 17:19 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Public Disclosure of Insider Information pursuant to Article 17 of the EU Market Abuse Regulation (MAR)
PNE WIND AG will probably achieve a Consolidated EBIT 2017 at the upper end of the EBIT-Guidance
Cuxhaven, 29. December 2017 - On 6 November 2017 PNE WIND AG increased its EBIT guidance for the fiscal year 2017 and disclosed a new EBIT-Guidance for the Consolidated EBIT between euro 17 and 23 million. Now the Board of Management assumes that the Consolidated EBIT will probably achieve the upper end of this Guidance.
Behind this forecast is todays successful sale of the French wind farm project "Longeves". Already in its communication on 6 November 2017 the Company pointed out that the precise amount of the Group EBIT 2017 would be materially affected by the sale of this wind farm project.
29-Dec-2017 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.