Germany's PNE H1 normalised EBITDA jumps, outlook confirmed
Germany's PNE H1 normalised EBITDA jumps, outlook confirmed
Overview
Germany clean energy solutions provider's H1 revenue rose yr/yr amid challenging conditions
Normalised EBITDA for H1 grew significantly to EUR 27.4 mln
Company confirmed FY 2026 normalised EBITDA outlook despite sector uncertainty
Outlook
PNE confirms 2026 normalised EBITDA guidance of EUR 110 mln to EUR 140 mln
Company says sector faces considerable uncertainty for the remainder of 2026
Result Drivers
PROJECT SALES - Co said sales of eight wind and solar projects with 163.2 MW capacity contributed to H1 results
HIGHER ELECTRICITY GENERATION - Co said increased output from its own generation portfolio, helped by better wind conditions, supported results
SERVICES SEGMENT GROWTH - Co said expansion of service business, especially in operations management, increased steady income
Company press release: ID:nEQb2YvfYa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| EUR 96.8 mln |
|
H1 Normalised EBITDA |
| EUR 27.40 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the renewable energy equipment & services peer group is "buy."
Wall Street's median 12-month price target for PNE AG is €12.60, about 63.6% above its August 12 closing price of €7.70
The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 42 three months ago
Reuters Recommended Reads
Aug 10 - Morgan Stanley-backed PNE says sale prospects unclear as bids trail market valuation
Aug 13 - Germany's Energiekontor H1 sales rise 31%, but posts net loss
Aug 12 - Vestas' shares rise 18% on outlook and quarterly profit beat
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)