DGAP-News: PNE WIND AG: The PNE WIND Group made a strong

DGAP-News: PNE WIND AG / Key word(s): Quarter Results PNE WIND AG: The PNE WIND Group made a strong operational start in 2015 11.05.2015 / 08:00 --------------------------------------------------------------------- Corporate News The PNE WIND Group made a strong operational start in 2015 - Well filled project pipeline and onshore and offshore projects completed - Strong international demand for wind farms and participations by investors - Further expansion of the YieldCo portfolio - Forecast with positive outlook confirmed Cuxhaven, May 11, 2015 - the PNE WIND Group has made a very energetic start into the 2015 fiscal year and consistently expanded on the development of its wind farm projects. This development is however not yet fully reflected in the results of the first quarter owing to the long term development process of our wind farm projects. In the first three months of 2015, the Group generated sales totalling euro 15.2 million (previous year: euro 32.9 million), an operating result (EBIT) of euro -6.0 million (previous year: euro -0.8 million) and diluted earnings per share of euro -0.12 (previous year: euro -0.09). Martin Billhardt CEO of PNE WIND AG, "With our well filled onshore and offshore project pipeline, we have made a good start to a highly promising 2015. Our successes in Germany and abroad as well as the continuous expansion of our YieldCo portfolio underline the sustainable and positive orientation of the entire Group." As at March 31, 2015, onshore wind farms with a total nominal output of 95 MW were under construction in Germany at the PNE WIND Group. These are the "Chransdorf" (57.6 MW) and the "Waldfeucht/Selfkant" (12 MW) wind farms - which will be placed into the YieldCo portfolio - and the "Looft", "Nentzelsrode" and "Siebenbäumen" wind farms. The Group also made further progress abroad. In the United Kingdom, PNE WIND AG has been looking for a financially strong partner with whom it intends to quickly realise the projects which are in the development process. In the context of discussions, it became evident that investors are interested both in participating in the wind farm projects as well as acquiring shares in PNE WIND UK Ltd. "We are now analysing the offers of the financial partners / investors and will hold further talks on the sale of shares in PNE WIND UK Ltd. or participation in the projects", comments Mr. Billhardt. The subsidiary in the United Kingdom is processing a rapidly growing project pipeline with more than 1,100 MW of nominal capacity at present. Several of the projects have already been approved or are close to obtaining the necessary permits. In the offshore segment, the "Borkum Riffgrund I" wind farm located to the north of the island of Borkum started to supply electricity to the German grid in March after the 78 wind power turbines were successively connected to the grid. PNE WIND started developing the offshore wind farm in the North Sea in 2001 alone and later in a joint venture with the Danish energy group DONG Energy. After the entire project was sold to DONG Energy, PNE WIND remained active as a service provider for the Danish energy group. Through the initiation of a YieldCo business, the PNE WIND Group intends to be able to open up considerable additional potential. Furthermore, the project development pipeline is well filled and the higher implementation rate of our projects promises continuous returns. Mr. Billhardt: "We reconfirm our forecast of achieving a cumulative EBIT of euro 110 to 130 million for the 2014 to 2016 financial years and see the prospect of increasing our forecast upon the successful implementation of the YieldCo business." PNE WIND AG published its financial report on the first three months of 2015 on its web site www.pnewind.com today. About the PNE WIND Group The PNE Wind Group, with its brands PNE WIND and WKN, is one of the leading German wind farm developers. With its more than 400 employees, the PNE WIND Group has been offering services covering the entire added value chain ranging from the development, planning, realisation, financing, operation, marketing and repowering of wind farms in Germany and abroad from a single source for more than 25 years. Once the completed plants have been handed over to operators, the PNE WIND Group also offers technical and commercial management services, including regular maintenance, for the wind farms. The offshore wind farms at sea are developed up to the point where they are ready to be constructed. In addition, through its YieldCo strategy, the group of companies offers investors the possibility of investing directly in commissioned and profitable wind farms. Alongside its business activities in the established domestic market in Germany, the PNE WIND Group is present at the international level in order to benefit from the huge growth potential of the global wind energy market and it is expanding into dynamic growth markets. 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 --------------------------------------------------------------------- 11.05.2015 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP 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-Straße 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, , DE000A1R0741, , DE000A12UMG0 WKN: A0JBPG, A0B9VG, , A1R074, , A12UMG Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 355331 11.05.2015