PNE WIND AG

EANS-News: PNE WIND AG: EBIT of EUR 24.9 million after nine months
Earnings per share EUR 0.48

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quarterly report

Subtitle: •	Sale of the “Gode Wind” projects makes significant contributions to
turnover and results
•	Forecast for the financial years 2011 to 2013 confirmed: Cumulative EBIT
amounting to between EUR 60 and 72 million


Cuxhaven (euro adhoc) - 5th November 2012 - The wind farm project developer, PNE
WIND AG (ISIN DE000A0JBPG2), achieved an excellent result for the first nine
months of the 2012 financial year. During this period, the company realised a
turnover amounting to EUR 80.9 million (previous year: EUR 33.1 million). The
EBIT increased very significantly to EUR 24.9 million (previous year:        
EUR -0.7 million). This corresponds to earnings per share of EUR 0.48. The
balance sheet profit increased the company's equity ratio to 49 percent as at 30
September 2012 from about 39 percent as at 31 December 2011. This information
was published in the PNE WIND AG quarterly report today. At the same time the
Board of Directors confirms its forecast; for the financial years 2011 to 2013 a
cumulative operating result (EBIT) of EUR 60 to 72 million.

The sale of the "Gode Wind" I to III projects to DONG Energy in the third
quarter of 2012, together with other operational achievements, formed the basis
of this very positive business development. PNE WIND AG has received the first
installment from DONG Energy amounting to approximately EUR 57 million for the
shares in the "Gode Wind" I and II, inclusive project development costs.  During
the coming two to three years, PNE WIND AG expects to receive an additional EUR
100 million in milestone payments. These will become due upon the completion of
specified project development steps. In addition, PNE WIND AG will support DONG
Energy during the coming five years as a service provider to the projects.

Intensive project development the in on and offshore projects characterized our
activities during the reporting period. In addition to our successes in the
offshore sector, PNE WIND AG was able to make progress in the onshore sector.
After the successful completion of the repowering project, "Kemberg II", an
additional wind farm is now under construction in Germany.

Further projects will follow at home and abroad: PNE WIND AG is compiling a
portfolio of wind farms to be completed during the coming years in Germany and
Great Britain with a total nominal output amounting to 180 MW. This package of
projects will be offered to investors for purchase in the first half of 2013 and
will ensure additional contributions to turnover and profits.

Martin Billhardt, Chairman of the Board of Directors of PNE WIND AG, commented
on current developments: "By selling our "Gode Wind" projects, we have
significantly strengthened our capital base, which can be seen in our excellent
nine month figures. We will use the payments received and those to come for the
further development of our on and offshore project pipeline. Our stronger
financial base also strengthens our ability to increase our dividend."

The nine months report can be downloaded from the website under www.pnewind.com.

Company profile

With its headquarters in Cuxhaven, PNE WIND AG plans and realises wind farm
projects on land (onshore) and on the high seas (offshore). In doing so, its
core competence lies in the development, project planning, and financing of wind
farms and in their operation and sales respectively with the provision of
subsequent service. To date, the company has constructed 98 wind farms with 568
wind energy plants and a total nominal output of 814 MW. In Germany (onshore),
wind farm projects around 1,100 MW of nominal output are currently being
developed.

In addition to its business activities in the established German home market,
PNE WIND AG is increasingly expanding into dynamic growth markets and is already
represented in joint ventures and by subsidiary companies in Hungary, Bulgaria,
Turkey, Great Britain, Rumania, USA and Canada. In these countries wind farm
projects with a nominal output of up to 2,000 MW are being developed and are to
be completed in the medium term. 

In addition, PNE WIND AG is developing offshore wind farm projects, of which
four major projects in German waters have already been approved. An entry into
promising foreign markets is also being examined with regard to the offshore
sector.


Further inquiry note:
PNE WIND AG
Leiter Unternehmenskommunikation
Rainer Heinsohn
Tel:  +49(0) 47 21 - 7 18 - 4 53
Fax: +49(0) 47 21 - 7 18 - 3 73
E-mail: info@pnewind.com

Investor Relations
Scott McCollister
Tel:  +49(0) 47 21 - 7 18 - 4 54
Fax: +49(0) 47 21 - 7 18 - 3 73
E-mail: scott.mccollister@pnewind.com

Investor Relations
cometis AG
Ulrich Wiehle / Janis Fischer
Tel: +49(0)611 - 205855-64
Fax: +49(0)611 - 205855-66 
E-mail: fischer@cometis.de

end of announcement                               euro adhoc 
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company:     PNE WIND AG
             Peter-Henlein-Str. 2-4
             D-27472 Cuxhaven
phone:       +49(0)4721 718 06
FAX:         +49(0)4721 718 373
WWW:      http://www.pnewind.com
sector:      Alternative energy
ISIN:        DE000A0JBPG2, DE000A0B9VG7 DE000A0Z1MR2 DE000A1EMCW3
indexes:     CDAX, Prime All Share, Technology All Share
stockmarkets: free trade: Hannover, Berlin, München, Hamburg, Düsseldorf,
             Stuttgart, regulated dealing/prime standard: Frankfurt 
language:   English
 

Original-Content von: PNE WIND AG, übermittelt durch news aktuell

Weitere Meldungen: PNE WIND AG

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