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DGAP-News: PNE AG closes first quarter very successfully

DGAP-News: PNE AG / Key word(s): Quarter Results/Quarterly / Interim Statement


PNE AG closes first quarter very successfully


13.05.2019 / 08:00



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Corporate News

PNE AG closes first quarter very successfully

- Total aggregate output of euro 44.4 million (prior year: euro 15.7 million)

- Operating profit (EBIT) increased to euro 4.3 million (prior year: euro -0.2 million)

- Forecast for the entire year confirmed



Cuxhaven, May 13, 2019 - In the first quarter of 2019, the PNE Group, which is internationally active in project development and services for wind and PV projects, continued to develop both in operational and in strategic terms. In the first quarter, which is usually weak in the industry, PNE achieved its best result in years.

First quarter results on target

From the beginning of January to the end of March, the Group generated revenues of euro 28.0 million (prior year: euro 10.9 million), total aggregate output of euro 44.4 million (prior year: euro 15.7 million), earnings before interest, taxes, depreciation and amortisation (EBITDA) of euro 6.9 million (prior year: euro 2.1 million), operating profit (EBIT) of euro 4.3 million (prior year: euro -0.2 million) and undiluted earnings per share of euro 0.02 (prior year: euro -0.04).
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