PNE AG
ISIN: DE000A0JBPG2
WKN: A0JBPG
10 October 2024 02:17PM

EQS-News: PNE Group sells wind farm in Sallachy, Scotland

PNE AG · ISIN: DE000A0JBPG2 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 2006261

EQS-News: PNE AG / Key word(s): Disposal
PNE Group sells wind farm in Sallachy, Scotland

10.10.2024 / 14:17 CET/CEST
The issuer is solely responsible for the content of this announcement.


Corporate News

PNE Group sells wind farm in Sallachy, Scotland

Cuxhaven, 10 October 2024 - The PNE Group continues to be successful internationally. In Scotland, the Group is now selling a wind farm with a nominal output of approx. 43 megawatts (MW) to Boralex, a Canadian renewable energy developer and producer. The focus is on wind and solar energy, hydropower and energy storage.

The Sallachy wind farm is located in Sutherland, in the north of the Scottish Highlands. The project has reached a high stage of development. The wind farm has been approved, the grid connection is in place and the land for the wind farm has been secured. Nine wind turbines are planned. The permit allows up to 50 megawatts. Among other things, the project is characterised by electricity generation in harmony with nature. The project was unanimously consented by The Highland Council in April 2022, after significant public support was expressed in favour of the project. The local communities are set to benefit from up to £6.5m in community benefit funds over the lifetime of the project. 

‘We are delighted that we have now found a buyer for the Sallachy wind farm in Boralex, for whom the generation of electricity from renewable energies and climate protection are just as important as they are for us,’ says Per Hornung Pedersen, CEO of PNE AG.

Roland Stanze; COO of PNE, adds: ‘It has taken more than 10 years from the initial idea to the current sale. It's great that this long commitment is now leading to success, and that Sallachy Wind farm will now be built and operating by 2028.’

About the PNE Group

The internationally operating, listed PNE Group is included in the SDAX as well as the TecDAX. For more than 30 years, it has been one of the most experienced project developers in the field of onshore and offshore wind farms. The focus is on the development of wind energy and photovoltaic projects worldwide as well as on electricity generation with its own wind farms. Its portfolio covers all project planning phases, from site investigation and the implementation of the approval procedures, through financing and construction, to operation and repowering. As a clean energy solutions provider, the PNE Group also offers services for the entire life cycle of wind farms and photovoltaic plants. The PNE Group is a sought-after partner to industry for solutions for the refinement of electricity via power-to-X technologies.

Contact:

PNE AG
Alexander Lennemann
Head of Corporate Communications
Tel: +49 47 21 – 7 18 453
E-mail: alexander.lennemann@pne-ag.com

PNE AG
Head of Investor Relations
Christopher Rodler
Tel: +49 40 - 879 33 114
E-mail: christopher.rodler@pne-ag.com


10.10.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: PNE AG
Peter-Henlein-Straße 2-4
27472 Cuxhaven
Germany
Phone: 04721 / 718 - 06
Fax: 04721 / 718 - 200
E-mail: info@pne-ag.com
Internet: http://www.pne-ag.com
ISIN: DE000A0JBPG2, DE000A30VJW3
WKN: A0JBPG, A30VJW
Indices: SDAX, TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 2006261

 
End of News EQS News Service

2006261  10.10.2024 CET/CEST

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Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.

The most important financial data at a glance
  2018 2019 2020 2021 2022 2023 2024e
Sales1 91,38 132,80 109,69 117,73 126,17 121,53 0,00
EBITDA1,2 14,47 31,56 26,35 32,65 35,39 39,91 0,00
EBITDA-Margin3 15,84 23,77 24,02 27,73 28,05 32,84 0,00
EBIT1,4 7,79 18,96 8,17 9,27 6,17 5,74 0,00
EBIT-Margin5 8,53 14,28 7,45 7,87 4,89 4,72 0,00
Net Profit (Loss)1 -2,41 -0,11 0,90 26,66 14,09 -8,18 0,00
Net-Margin6 -2,64 -0,08 0,82 22,65 11,17 -6,73 0,00
Cashflow1,7 -28,24 35,41 -68,50 23,78 -9,01 -166,16 0,00
Earnings per share8 -0,01 0,01 0,02 0,33 0,20 -0,13 0,36
Dividend per share8 0,04 0,04 0,04 0,08 0,08 0,08 0,04
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

Auditor: Deloitte

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INVESTOR-INFORMATION
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PNE
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
A0JBPG DE000A0JBPG2 AG 819,66 Mio € 15.12.1998 Halten 9F5CVP26+7R
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
38,21 22,44 1,70 54,87 4,06 -4,93 6,74
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
0,08 0,08 0,04 0,37%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
13.05.2025 09.05.2025 14.08.2025 07.11.2024 27.03.2025
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
+0,19%
10,70 €
ATH 39,98 €
-6,53% -16,93% -22,69% -21,90% +0,00%

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