PNE AG - Earnings Release 2020 | FinancialReports.eu

News Details

Ad-hoc | 15 February 2021 13:19

PNE AG exceeds forecast for financial year 2020 in terms of Group EBITDA according to preliminary figures

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

PNE AG exceeds forecast for financial year 2020 in terms of Group EBITDA according to preliminary figures

15-Feb-2021 / 13:19 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.

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

**Insider information of PNE AG

according to Art. 17 EU-Market Abuse Regulation (MAR)

(ISIN:DE000A0JBPG2)**

PNE exceeds forecast for financial year 2020 in terms of Group EBITDA according to preliminary figures

According to preliminary figures, the PNE Group now expects EBITDA of between €24 million and €28 million for the 2020 financial year; according to the most recently published guidance, the Management Board still assumed EBITDA of between €15 million and €20 million. Group EBIT will be in the middle to upper range of the guidance given (€ 5 million to € 10 million) according to preliminary figures.

In the fourth quarter in particular, business for PNE was better than initially expected. This involved the power generation area as well as the project business. For the Management Board, this business development also demonstrates that the PNE Group is on the right track in its development into a “Clean Energy Solutions Provider”.

PNE will publish the final business figures for 2020 and the audited full Consolidated Financial Statements on March 31, 2021.

Contacts for enqueries


PNE AG Rainer Heinsohn Corporate Communications Tel: +49(0) 47 21 – 718 – 453 rainer.heinsohn(at)pne-ag.com	PNE AG Christopher Rodler Investor Relations Tel: +49(0) 40 – 87933 – 114 christopher.rodler(at)pne-ag.com

15-Feb-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

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Language:	English
Company:	PNE AG
	Peter-Henlein-Straße 2-4
	27472 Cuxhaven
	Germany
Phone:	04721 / 718 – 06
Fax:	04721 / 718 – 200
E-mail:	[email protected]
Internet:	http://www.pne-ag.com
ISIN:	DE000A0JBPG2, DE000A2LQ3M9, , DE000A12UMG0,
WKN:	A0JBPG, A2LQ3M, , A12UMG,
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1168323