Brief: PNE Q1 EBITDA Down At Eur 8.6 MILLION

PNE AG

09/05/2023 07:08

May 9 (Reuters) - PNE AG  PNEGn.DE :
    * PNE AG LAYS THE FOUNDATION FOR A SUCCESSFUL YEAR IN THE
FIRST
QUARTER
    * PNE AG - PROJECT PIPELINE REACHES 13.8 GW/GWP IN Q1 OF
2023
    * PNE AG - FIRST THREE MONTHS LAID FOUNDATION FOR A
SUCCESSFUL
BUSINESS YEAR WITH A HIGH NUMBER OF PERMITS (67 MEGAWATTS IN
GERMANY AND 12 MEGAWATTS IN FRANCE) AND TENDERS WON (96
MEGAWATTS)
    * PNE AG - Q1 TOTAL AGGREGATE OUTPUT OF EURO 45.3 MILLION
(PRIOR
YEAR: EURO 37.9 MILLION)
    * PNE AG - Q1 REVENUES OF EURO 32.2 MILLION (PRIOR YEAR:
EURO 29.5
MILLION)
    * PNE AG - Q1 EBITDA EURO 8.6 MILLION (PRIOR YEAR: EURO 15.8
MILLION)
    * PNE AG SAYS Q1 OF PREVIOUS YEAR WAS CHARACTERISED BY
HIGHER
ELECTRICITY PRICES AND A HIGH WIND SUPPLY
    * PNE AG SAYS AS A RESULT OF FALLING ELECTRICITY PRICE
DEVELOPMENT
AND LOWER WIND SUPPLY, RESULTS DECLINED
    * PNE AG - CONFIRMS GUIDANCE FOR 2023 FISCAL YEAR WITH
POSITIVE
EBITDA FOR GROUP IN RANGE OF EURO 30 TO 40 MILLION

Further company coverage:  PNEGn.DE 

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