PNE AG Celebrates Successful 2019 Fiscal Year

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Operating performance increased significantly / Upper end of the guidance reached / Positive outlook to 2020

PNE AG closed the year 2019 very successfully in operational terms. This is the result of the annual report published today. With 450.8 megawatts (MW) of projects sold, commissioned or under construction, the previous year's level (235.7 MW) was exceeded significantly. Based on an assumed average investment volume of around euro 1.4 to 1.8 million per MW of installed nominal capacity, PNE has initiated investments of around euro 631 to 811 million in 2019 (prior year: euro 330 to 424 million). In the 2019 fiscal year, the PNE Group generated earnings before interest, taxes, depreciation and amortisation (EBITDA) of approx. euro 31.6 million and operating... ... More: Official Press Release PNE AG

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PNE AG, outlook, operating performance, growth, investment, market, service, developer, guidance, COVID-19, operation, fiscal year