DGAP-Adhoc: PNE WIND AG: Increased dividend proposal on

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News Desk 2018

Mar 19, 2014 at 8:15 AM

DGAP-Adhoc: PNE WIND AG: Increased dividend proposal on higher 2013 earnings and a cumulative EBIT forecast of EUR 110 to 130 million for the

PNE WIND AG / Key word(s): Dividend/Final Results 19.03.2014 13:05 Dissemination of an Ad hoc announcement according to Â§ 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Cuxhaven, March 19, 2014 - Due to the successful 2013 financial year, the Supervisory Board of the wind farm project developer PNE WIND AG (ISIN: DE000A0JBPG2) resolved today to accept the recommendation of the Management Board to propose to the Annual General Meeting a dividend amounting to EUR 0.10 (previous year: EUR 0.08) and a special dividend amounting to EUR 0.05 (previous year EUR 0.02) for each share which is entitled to dividends. The Annual General Meeting is to vote on this resolution on June 4, 2014. The basis for this dividend proposal is the improved earnings achieved during the 2013 financial year. According to IFRS accounting rules, PNE WIND AG achieved an operating income (EBIT) - the key metric for the project development business - of EUR 45.0 million (previous year: EUR 20.4 million). PNE WIND AG has thus fulfilled its 3 year cumulative EBIT guidance of EUR 60 to 72 million having achieved a cumulative EBIT of EUR 65.5 million for the 2011-13 periods. This guidance was first given in 2011 and maintained since then. The Supervisory Board also approved today a new earnings forecast. The Management Board expects to achieve a cumulative group EBIT, including WKN AG, totalling EUR 110 to 130 million during the 2014 to 2016 financial years. Revenues increased from EUR 84.4 million to EUR 144.0 million in 2013. The earnings before tax (EBT) amounts to EUR 35.8 million (previous year: EUR 15.1 million). The undiluted earnings per share (EPS) amounted to EUR 0.86 (previous year: EUR 0.37) and the diluted earnings per share was EUR 0.81 (previous year: EUR 0.31). The total corporate performance increased to EUR 162.1 million (previous year: EUR: 94.3 million). According to HGB (German Commercial Code), PNE WIND AG achieved an annual net income of EUR 36.6 million (previous year: EUR 34.4 million). PNE WIND AGs balance sheet profit according to HGB as at December 31, 2013 amounted to EUR 67.6 million. PNE WIND AG will publish its fully audited annual accounts and management report for 2013 on March 31, 2014. Contact: Contact: PNE WIND AG Rainer Heinsohn Head of Corporate Communication Tel: +49(0) 47 21 - 7 18 - 453 Fax: +49(0) 47 21 - 7 18 - 373 E-mail: Rainer.Heinsohn@pnewind.com PNE WIND AG Investor Relations Scott McCollister Tel: +49(0) 47 21 - 7 18 - 454 Fax: +49(0) 47 21 - 7 18 - 373 E-mail: Scott.McCollister@pnewind.com Investor Relations cometis AG Ulrich Wiehle / Janis Fischer Tel: +49(0) 611 - 205855-64 Fax: +49(0) 611 - 205855-66 E-mail: fischer@cometis.de 19.03.2014 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: PNE WIND AG Peter-Henlein-StraÃ?e 2-4 27472 Cuxhaven Germany Phone: 04721 / 718 - 06 Fax: 04721 / 718 - 200 E-mail: info@pnewind.com Internet: http://www.pnewind.com ISIN: DE000A0JBPG2, DE000A0B9VG7, , DE000A1EMCW3, , DE000A0Z1MR2, , DE000A1R0741 WKN: A0JBPG, A0B9VG, , A1EMCW, , A0Z1MR, , A1R074 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, DÃ¼sseldorf, Hamburg, MÃ¼nchen, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------

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