PNE Publishes Good Results for 2019

Wind Industry Profile of

Results at the upper end of the guidance / Objective of stabilising sales and earnings / Marketing of individual projects continued

The PNE Group closed the 2019 fiscal year very successfully and reached the upper end of the guidance. Due to changed framework conditions and favourable financing options, the PNE Group will expand its own wind farm operations considerably in the future. The aim is to stabilise sales and earnings at a high level.  For this reason, the Board of Management and the Supervisory Board of PNE AG today decided not continue the envisaged sale of the wind farm portfolio 2020. The aim is to achieve the medium-term guidance to increase average EBIT by 30 to 50 percent until 2023 earlier. However, individual projects, particularly abroad, will... ... More: Official Press Release PNE

Keywords:

PNE, expansion, guidance, 2019, sales, earning, marketing, developer, projects, solar, wind