Plambeck Neue Energien AG

euro adhoc: Plambeck Neue Energien AG
Re-assessment of projects leads to considerable valuation adjustments and depreciations in the first half of 2004 (E)

---------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc.   The issuer is responsible for the content of this announcement. ---------------------------------------------------------------------

Cuxhaven, 27. 09. 2004 - Plambeck Neue Energien AG has completed the re-assessment of its wind-park projects in Germany, which it initiated as a result of the amendment of the Priority of Renewable Energies Act (EEG) and a change in the market situation. The consequence is considerable valuation adjustments and depreciations per June 30, 2004, as a result of lower project margins and project devaluations. In addition, depreciations on goodwill were necessary.

In addition and also as a result of the discussions on the amendment of the Act, there were delays in the project implementation in the first half of the year with negative effects on turnover and results.

Valuation adjustments on trade receivables and on claims from long-term order completion add up to 109.9 mill. Euro. Depreciations of goodwill amount to 52.8 mill. Euro. These measures are not effective on payment. But they led to a group result of -141.5 mill. Euro (previous year: 3,0 mill. Euro) in the first half of 2004 and a result per share of - 5.11 Euro (previous year: 0.22 Euro). The sales revenues dropped to 12.5 mill. Euro (previous year: 29.7 mill. Euro). The overall sales rose to 46.4 mill. Euro (previous year: 28.6 mill. Euro) as a result of the dissolution of reserves from long-term order completion. Equity dropped to 42.4 mill. Euro as per June 30, 2004.

Plambeck Neue Energien AG Public Relations

end of announcement            euro adhoc 27.09.2004
---------------------------------------------------------------------


Further inquiry note:
If you have any questions, please get in touch with:
Rainer Heinsohn Head of Public Relations
Telephone: 04721 / 718-453            Fax: 04721 / 718-373              
e-mail: heinsohn@plambeck.de

Branche: Alternative energy
ISIN:      DE0006910326
WKN:        691032
Index:    Prime Standard
Börsen:  Frankfurter Wertpapierbörse / regulated dealing
              Niedersächsische Börse zu Hannover / free trade
              Berliner Wertpapierbörse / free trade
              Bayerische Börse / free trade
              Hamburger Wertpapierbörse / free trade
              Bremer Wertpapierbörse (BWB) / free trade
              Börse Düsseldorf / free trade
              Baden-Württembergische Wertpapierbörse / free trade



Weitere Meldungen: Plambeck Neue Energien AG

Das könnte Sie auch interessieren: