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Last €2.26 EUR
Change Today -0.006 / -0.26%
Volume 221.2K
PNE3 On Other Exchanges
Symbol
Exchange
Xetra
Xetra
OTC US
As of 10:36 AM 03/30/15 All times are local (Market data is delayed by at least 15 minutes).

pne wind ag-reg (PNE3) Snapshot

Open
€2.29
Previous Close
€2.27
Day High
€2.30
Day Low
€2.25
52 Week High
06/5/14 - €3.07
52 Week Low
12/22/14 - €2.07
Market Cap
162.6M
Average Volume 10 Days
175.4K
EPS TTM
€-0.22
Shares Outstanding
72.0M
EX-Date
06/17/15
P/E TM
2.1x
Dividend
€0.10
Dividend Yield
6.46%
Current Stock Chart for PNE WIND AG-REG (PNE3)

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pne wind ag-reg (PNE3) Details

PNE WIND AG, together with its subsidiaries, is engaged in the projection, construction, realization, financing, and operation of wind farms and transformer stations for the generation of electricity in Germany, Europe, North America, and South Africa. The company plans, builds, and operates offshore and onshore wind farms to utility customers and infrastructure funds; provides technical and commercial operational management services; and produces electricity from renewable energy. It is also involved in the servicing of wind power turbines. The company was formerly known as Plambeck Neue Energien AG and changed its name to PNE WIND AG in June 2009. PNE WIND AG was founded in 1995 and is based in Cuxhaven, Germany.

Founded in 1995

pne wind ag-reg (PNE3) Top Compensated Officers

Chairman of Board of Management and Chief Exe...
Total Annual Compensation: €1.1M
Chief Financial Officer and Member of the Man...
Total Annual Compensation: €486.0K
Chief Operating Officer and Member of the Man...
Total Annual Compensation: €506.0K
Compensation as of Fiscal Year 2013.

pne wind ag-reg (PNE3) Key Developments

PNE Wind AG Reports Consolidated Earnings Results for the Year Ended December 31, 2014

PNE Wind AG reported consolidated earnings results for the year ended December 31, 2014. For the year, the company achieved an EBIT of €2.7 million with turnover of €211.3 million. The group reported undiluted loss per share of €0.22. In 2013, the group realised revenues of €144.0 million, an operating result (EBIT) of €43.6 million and undiluted earnings per share of €0.80. Although a much higher number of onshore projects were realised in 2014 -134 MW vs. 32 MW in the previous year - the 2014 results were below those of the prior year owing largely to the results in 2013 being very positively influenced by the receipt of milestone payments from the offshore business totalling €45 million. The company recorded a net income of €4.0 million compared to €36.6 million reported a year ago. The reason for the group result arises from the so called YieldCo and the negative impact on earnings in connection with the majority holding in WKN AG, which in particular affected the consolidated financial statements. With the YieldCo, projects are being, as planned, initially realised as a single portfolio which will be sold upon commissioning. The results achieved from the individual projects sales are therefore being delayed into the future.

PNE Wind AG Announces Enhance to the Shareholders Equity Instead of Dividend Payment for the Year 2014

The board of management and the supervisory board of PNE WIND AG decided to propose to the annual general meeting that no dividend be paid for the 2014 fiscal year. Since the YieldCo project leads to a higher volume of own funds being tied up until its planned sale, the board of management and the supervisory board have come to the conclusion that enhancing shareholders' equity should be given preference over distributing a dividend for the prior fiscal year.

PNE Wind Seeks Partner

PNE Wind AG (XTRA:PNE3) is seeking a partner. Martin Billhardt, Chief Executive Officer of PNE Wind said, “From our discussions with potential investors, we have learned that they are particularly interested in large project portfolios such as the one developed by us. Several of our projects have already been approved or are close to obtaining approval. By involving a strong financial partner to quickly carry out investments in construction, operations and the monitoring of the wind farms in the region, we aim to realize strategic synergies. In addition to realising the value added from the development of these projects, we look to strengthen and secure our involvement in the Scottish market in the long term.”

 

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PNE3

Industry Average

Valuation PNE3 Industry Range
Price/Earnings 2.3x
Price/Sales 0.4x
Price/Book 0.8x
Price/Cash Flow 2.3x
TEV/Sales NM Not Meaningful
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