05/11/2022

PNE reports strong Q1 earnings

"We have achieved the best Q1 EBITDA result in the company's history and further increased our already well-filled project pipeline to 7.2 GW/GWp," said Markus Lesser, CEO of PNE AG.

Official Press Release PNE Group:

PNE AG: Strong Q1 earnings driven by power generation and continued business expansion

Wind Industry Profile of

Best Q1 EBITDA in company history / Project pipeline wind and PV now at 7.2 GW/GWp / Expansion of own portfolio and service business continues

PNE AG has made a dynamic start to fiscal year 2022, both operationally and financially. This is shown by the quarterly statement which was published today. For the first quarter of 2022, the Group reports sales revenues of euro 29.5 million (prior year: euro 16.1 million), total aggregate output of euro 37.9 million (prior year: euro 49.4 million), earnings before interest, taxes, depreciation and amortization (EBITDA) of euro 15.8 million (prior year: euro 6.3 million) and undiluted earnings per share of euro 0.13 (prior year: euro 0.01). "We have achieved the best Q1 EBITDA result in the company's history... ... More: Official Press Release PNE Group