DGAP-News: PNE AG: Strong Q1 earnings driven by power generation and continued business expansion
DGAP-News: PNE AG
/ Key word(s): Quarterly / Interim Statement
Corporate News PNE AG: Strong Q1 earnings driven by power generation and continued business expansion - Best Q1 EBITDA in company history - Project pipeline wind and PV now at 7.2 GW/GWp - Expansion of own portfolio and service business continues
For the first quarter of 2022, the Group reports sales revenues of euro 29.5 million (prior year: euro 16.1 million), total aggregate output of euro 37.9 million (prior year: euro 49.4 million), earnings before interest, taxes, depreciation and amortization (EBITDA) of euro 15.8 million (prior year: euro 6.3 million) and undiluted earnings per share of euro 0.13 (prior year: euro 0.01). "We have achieved the best Q1 EBITDA result in the company's history and further increased our already well-filled project pipeline to 7.2 GW/GWp. At the same time, we are ensuring the stabilisation of our earnings at a high level through the expansion of our own portfolio and the service business," said Markus Lesser, CEO of PNE AG. "Earnings were driven by the "Power Generation" segment, where total output increased significantly due to our larger installed base combined with the improved wind supply and high electricity prices. We also saved around 110,000 tons of CO2 through our own electricity generation in the first quarter, thus contributing to climate protection and energy security," Lesser continued. Wind and PV project pipeline grows significantly Expansion of own portfolio continues Service business grows - market entry in Lithuania Forecast confirmed
About the PNE Group Contacts for enquiries
11.05.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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: | 1348687 |
End of News | DGAP News Service |
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1348687 11.05.2022
PNE AG Stock
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