PNE Wind Group Successful with Onshore Wind Power

Cuxhaven, Germany - The PNE WIND Group continued its successful operations on during the first 9 months of 2016. During the period under review, wind farms with a total output of 125.4 MW were either under construction, put into operation or sold. Of this amount, 103.8 MW arose from projects in Germany and 21.6 MW from the first project in France out of the framework agreement with John Laing Investments Ltd.

The first nine months were also successful from a financial perspective. With revenues of euro 77.1 million (previous year: euro 80.5 million) and a total aggregate output of euro 101.9 million (previous year: euro 189.5 million), the Group reported an operating result (EBIT) of euro 7.2 million (previous year: euro 16.7 million) and thereby achieved an improvement of euro 8.6 million over the result as at the end of the first half year 2016. The undiluted earnings per share totaled euro -0.04 (previous year: euro 0.13) and the shareholder equity ratio was 30.4 percent as at September 30, 2016.

The Group

Source: IWR Online, 10 Nov 2016