Half-year results show bright future for PNE

Wind Industry Profile of

Project pipeline at record level of 16.6 gigawatts; continued expansion of our business / High number of permits and tenders form basis for future success / EBITDA above prior year in spite of lower electricity prices and lower wind supply / Admission to the TecDAX

PNE AG closed the first half of 2023 very successfully. In addition to a favourable result, PNE has laid the foundation for further success with permits for new wind farms, new tenders and strong growth in the project pipeline. In the first half of 2023, the Group recorded total aggregate output of euro 116.7 million (prior year: euro 105.2 million), revenues of euro 57.1 million (prior year: euro 52.1 million) and earnings before interest, taxes, depreciation and amortisation (EBITDA) of euro 18.1 million... ... More: Official Press Release PNE AG

Keywords:

PNE; pipeline, project, developer, auction, capacity, wind farm, solar, Germany, quarter, half year, results, outlook, output, TecDAX, expansion, growth