EQS-News

PNE AG: Result of the 2022 fiscal year surpassed expectations

EQS-News: PNE AG / Key word(s): Annual Results/Annual Report PNE AG: Result of the 2022 fiscal year surpassed expectations 29.03.2023 / 07:33 CET/CEST The issuer is solely responsible for the content of this announcement. Corporate News

PNE AG: Result of the 2022 fiscal year surpassed expectations 

• Guidance exceeded
• Growth of the internally operated portfolio on track
• Project pipeline of projects under development at a record level

Cuxhaven, March 29, 2023 – The year 2022 was a very successful year for PNE AG. As a result of successful operational business developments, total aggregate output amounted to euro 243.3 million (prior year: euro 252.0 million). Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased to euro 35.4 million (prior year: euro 32.7 million). Operating profit (EBIT) totalled euro 6.2 million (prior year: euro 9.3 million). The basic earnings per share amounted to euro 0.20 (prior year: euro 0.33). PNE AG has clearly exceeded the guidance for the Group EBITDA of euro 20 to 30 million and was also in the upper range of the increased guidance. The Company published its report for the 2022 fiscal year today.

"The 2022 fiscal year was a very successful year for PNE AG. We achieved exceptionally good results and also exceeded our guidance. We have come a major step closer to our strategic goal of building up a large internally operated portfolio of wind farms and photovoltaic plants. In addition, we were able to increase the project pipeline to a record level", says Markus Lesser, CEO of PNE AG. "Strategically, we have also set the course for further growth with the continued development of our Scale up 2.0 strategy."

Significant expansion of the internally operated portfolio

The declared aim of the corporate strategy of PNE AG is to expand its internally operated portfolio. After the completion and acquisition of further wind farms, the nominal capacity of the wind farms operated by the Company increased from 233.2 MW to 318.9 MW at the end of 2022. The Company's own wind farms generated 509 GWh of clean electricity in 2022 (prior year: 295 GWh). Further wind farms with a capacity of 89 MW, which are intended for the Company's internal portfolio, are under construction. They are the foundation for further expansion in accordance with "Scale up 2.0" to 1,500 MW/MWp by the end of 2027.