PNE AG - Earnings Release 2017 | FinancialReports.eu

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Ad-hoc | 6 November 2017 13:48

PNE WIND AG increases its forecast for the consolidated EBIT 2017

PNE WIND AG / Key word(s): Change in Forecast

PNE WIND AG increases its forecast for the consolidated EBIT 2017

06-Nov-2017 / 13:48 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

Public Disclosure of Insider Information

Pursuant to Article 17 of the EU Market Abuse Regulation (MAR)

PNE WIND AG increases its forecast for the consolidated EBIT 2017

Change in forecast based on the previous course of business

Cuxhaven, November 6, 2017 – Based on its previous course of business during the first nine months of 2017, PNE WIND AG increases its EBIT guidance for the consolidated results in the entire year of 2017 from previously euro 0 to 15 million to euro 17 to 23 million. This resolution was adopted today by the Board of Management.

In the first nine months of the 2017 fiscal year, PNE WIND AG generated a consolidated EBIT of euro 23.7 million and is thus clearly above the published annual guidance. Depending on the sale of a French wind farm project, which is currently under construction, the Board of Management of PNE WIND AG expects that the upper or lower value of the new guidance can be achieved.

In the third quarter of 2017, primarily the sale of project rights for wind farms in the USA and Sweden as well as a subsequent purchase price payment in connection with the 142 MW wind farm portfolio sold at the end of 2016 had a positive impact on the consolidated earnings in the first nine months of the year.

PNE WIND AG will publish its quarterly announcement for the first nine months of 2017 on Wednesday, 8 November 2017.

Contacts for enquiries


PNE WIND AG Rainer Heinsohn Head of Corporate Communications Tel: +49(0) 4721 718 453 Fax: +49(0) 4721 718 373 Rainer.Heinsohn(at)pnewind.com	PNE WIND AG Christopher Rodler Head of Investor Relations Tel: +49(0) 47 21 – 7 18 – 454 Fax: +49(0) 47 21 – 7 18 – 373 Christopher.Rodler(at)pnewind.com

06-Nov-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

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Language:	English
Company:	PNE WIND AG
	Peter-Henlein-Straße 2-4
	27472 Cuxhaven
	Germany
Phone:	04721 / 718 – 06
Fax:	04721 / 718 – 200
E-mail:	[email protected]
Internet:	http://www.pnewind.com
ISIN:	DE000A0JBPG2, DE000A1R0741, , DE000A12UMG0,
WKN:	A0JBPG, A1R074, , A12UMG,
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange