DGAP-News: PNE WIND AG publishes its report on the first quarter of 2014

DGAP-News: PNE WIND AG publishes its report on the first quarter of 2014

DGAP-News: PNE WIND AG / Key word(s): Quarter Results
PNE WIND AG publishes its report on the first quarter of 2014

14.05.2014 / 08:00


Cuxhaven, May 14, 2014 - The wind project developer PNE WIND AG published
today its report for the first quarter of the fiscal year 2014.  A near
breakeven operating income was achieved, despite having made significant
upfront payments for the 100 MW of projects currently under construction.

In the first quarter of 2014, which - in contrast to the same period in the
previous year - now also includes WKN AG and its subsidiary companies, the
Group realised sales amounting to euro 32.9 million (previous year: euro
12.2 million), an operating income (EBIT) of euro -0.8 million (previous
year: euro -2.5 million) and an undiluted result per share of euro - 0.09
(previous year: euro - 0.09).

Martin Billhardt, Chairman of the Management Board (CEO) of PNE WIND AG
comments, "this year the onshore wind power segment is a major source of
the gratifying operational business events.  Furthermore, it is clear that
our strengthened international presence - above all as a result of the
acquisition of WKN AG - has provided our business model with an even
broader foundation. This will pay dividends in the future."

In Germany, the PNE WIND Group is currently constructing wind farms with
approx. 100 MW of nominal output. Additional wind farm projects have
already been approved (23 MW) or are currently in the approval process.
During the first quarter, PNE WIND AG commissioned the Brandenburg located
"Calau IIA" 15.4 MW wind farm and handed it over to CEE, a
Beteiligungsgesellschaft based in Hamburg. A further wind farm also located
in Brandenburg, "Görike-Söllenthin" with 6 MW of nominal capacity was sold
to EnBW Energie Baden-Württemberg AG in April.

In parallel, the Group continues to increase its international activities.
Currently, wind farms are under construction in the USA (up to 153 MW) and
France (12 MW). Additional projects have already been approved in France
(10 MW), Italy (30 MW), United Kingdom (20 MW), Hungary (78 MW), Rumania
(102 MW) and Poland (32 MW). In Turkey, PNE WIND AG will be co-operating
with STEAG GmbH, an energy provider based in Essen which has many years of
experience in Turkish energy projects. In the newly founded joint company,
wind farm projects will be developed together in preparation for the
upcoming tenders.

Our onshore and offshore project pipelines are full and promise continuous
returns in view of the increase in the number of projects currently being
implemented. On this basis we look to the future with optimism and confirm
our forecast for the Group, including WKN AG. We expect a cumulative EBIT
of euro 110 to 130 million in the financial years from 2014 to 2016.

PNE WIND AG published today its report on the first quarter of 2014 on its
internet webpage www.pnewind.com.

Company profile

With its headquarters in Cuxhaven, the PNE WIND - Group plans and realises
wind farm projects on land (onshore) and on the high seas (offshore). In
doing so, its core competence lies in the development, planning, financing,
operation, sales and service of wind farms. To date, the PNE Wind Group has
already developed wind farms with a total nominal output amounting to
nearly 2,000 MW.

In addition to its business activities in the established German home
market, PNE WIND AG is expanding into dynamic growth markets and is already
represented through joint ventures and subsidiary companies in 14 countries
in Europe, Africa and North America. In these countries wind farm projects
with a nominal output of approximately 4,800 MW are currently being
developed and are planned to be completed in the medium term.

In addition, PNE WIND AG is developing offshore wind farm projects, of
which four major projects in German waters have already been permitted.


Rainer Heinsohn
Head of Corporate Communication
Tel:  +49(0) 47 21 - 7 18 - 453
Fax: +49(0) 47 21 - 7 18 - 373
E-mail: Rainer.Heinsohn@pnewind.com

Investor Relations
Scott McCollister
Tel:  +49(0) 47 21 - 7 18 - 454
Fax: +49(0) 47 21 - 7 18 - 373
E-mail: Scott.McCollister@pnewind.com

Investor Relations
cometis AG
Ulrich Wiehle / Janis Fischer
Tel:  +49(0) 611 - 205855-64
Fax: +49(0) 611 - 205855-66 
E-mail: fischer@cometis.de

End of Corporate News


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Language:    English                                               
Company:     PNE WIND AG                                           
             Peter-Henlein-Straße 2-4                              
             27472 Cuxhaven                                        
Phone:       04721 / 718 - 06                                      
Fax:         04721 / 718 - 200                                     
E-mail:      info@pnewind.com                                      
Internet:    http://www.pnewind.com                                
ISIN:        DE000A0JBPG2, DE000A0B9VG7, , DE000A1EMCW3, ,         
             DE000A0Z1MR2, , DE000A1R0741                          
WKN:         A0JBPG, A0B9VG, , A1EMCW, , A0Z1MR, , A1R074          
Listed:      Regulierter Markt in Frankfurt (Prime Standard);      
             Freiverkehr in Berlin, Düsseldorf, Hamburg, München,  
End of News    DGAP News-Service  
268209 14.05.2014                                                      
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