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PNE WIND AG

EANS-News: PNE WIND AG looks back on a successful year 2012

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  Corporate news transmitted by euro adhoc. The issuer/originator is solely
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Subtitle: •	Business result provides basis for future positive company
development
•	EBIT forecast for 2011 to 2013 confirmed – higher EBIT anticipated for the
years 2014 and 2015


Financial Figures/Balance Sheet/Annual report

Cuxhaven (euro adhoc) - Cuxhaven, 27th March 2013 - With a successful financial
year 2012, the wind farm project developer, PNE WIND AG (ISIN DE000A0JBPG2), has
laid the foundation for continued positive developments. This is clearly
illustrated in the 2012 annual report published today and also reconfirms the
figures published on 12th March 2013. PNE WIND AG realised an operational result
(EBIT) amounting to EUR 20.4 million (previous year: EUR 0.1 million). The
consolidated net income increased significantly from EUR -3.9 million in 2011 to
EUR 17.0 Million.

 
Due to the successful 2012 financial year, PNE WIND AGs Board of Directors and
Supervisory Board propose to pay a dividend amounting to EUR 0.08 (previous
year: EUR 0.04) and a special dividend of EUR 0.02 for each participating share.
The Annual General Meeting will pass a resolution on this motion on 22nd May
2013.
 

The company experienced significant tailwinds from the offshore sector during
2012. The sale of the "Gode Wind" I to III projects to DONG Energy played a
particularly large part in the positive business development. Against this
background and a variety of other growth opportunities the Board of Directors
reaffirm its forecast of realising a cumulative EBIT of  EUR 60 to 72 million in
the financial years from 2011 to 2013. The company also expects to achieve a
total EBIT of EUR 60 to 72 million in the following two year period of 2014 and
2015 - thereby signalling an increase over its development so far.
 

Martin Billhardt, Chairman of the Board of Directors commented on the gratifying
business development: "The financial year 2012 was a special one in PNE WIND AGs
history. The sale of the "Gode Wind" offshore wind farms was the biggest
transaction since our foundation. The milestone payments already received
amounting to EUR 82 million and additional outstanding payments of EUR 75
million will strengthen our capital base and expand our range of operational
opportunities."
 

Looking forward, the company intends to achieve positive developments in all
business sectors. The basis for this is supported by our project pipeline which
has significant potential at home in Germany and in our international markets.
"In the onshore sector alone our team is currently working on projects with a
total nominal generating capacity of over 3,000 MW. We are also expecting
additional contributions to our results from our offshore activities in the
medium and long term", said Markus Lesser, Chief Operating Officer.

 
Beyond the growth opportunities contained within our current project pipeline,
the company reviews opportunities on a regular basis to drive the business
forward by means of potential acquisitions. "We are currently conducting
exclusive negotiations with a target company which is active in the development
of onshore wind farms in Germany and abroad", says Martin Billhardt. Here, PNE
WIND AG is seeking to acquire more than 50% of the shares. The initial price
indication for 100% of the target company shares amounts to EUR 100 million. 
 

For this purpose, as well as to financing the acquisition of projects in
development at home and abroad and to provide equity for the 180 MW of German
wind farm projects in development, PNE WIND AG plans to issue a corporate bond
with a total volume up to EUR 100 million on the Prime Standard segment of the
German stock exchange. "As with our shares we have chosen the segment, which has
among the highest international transparency standards.  We wish to gain
investor trust by providing the maximum amount of information possible",
explained Martin Billhardt.
 
The 2012 annual report can be downloaded from the internet site,
www.pnewind.com.
 

 
 
Company profile

 
With its headquarters in Cuxhaven, PNE WIND AG plans and realises wind farm
projects on land (onshore) and on the high seas (offshore). In doing so, its
core competence lies in the development, project planning, and financing of wind
farms and in their operation and sales respectively with the provision of
subsequent service. To date, the company has constructed 98 wind farms with 568
wind energy plants and a total nominal output of 814 MW. In Germany (onshore),
wind farm projects with over 1,000 MW of nominal output are currently being
developed.
 

In addition to its business activities in the established German home market,
PNE WIND AG is increasingly expanding into dynamic growth markets and is already
represented in joint ventures and by subsidiary companies in Southeast Europe,
Great Britain, USA and Canada. In these countries wind farm projects with a
nominal output of up to 2,000 MW are currently being developed and are to be
completed in the medium term.
 

In addition, PNE WIND AG is developing offshore wind farm projects, of which
four major projects in German waters have already been approved. An entry into
promising foreign markets is also being examined with regard to the offshore
sector.


Further inquiry note:
PNE WIND AG
Leiter Unternehmenskommunikation
Rainer Heinsohn
Tel:  +49(0) 47 21 - 7 18 - 4 53
Fax: +49(0) 47 21 - 7 18 - 3 73
E-mail: rainer.heinsohn@pnewind.com

Investor Relations
Scott McCollister
Tel:  +49(0) 47 21 - 7 18 - 4 54
Fax: +49(0) 47 21 - 7 18 - 3 73
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

end of announcement                               euro adhoc 
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company:     PNE WIND AG
             Peter-Henlein-Str. 2-4
             D-27472 Cuxhaven
phone:       +49(0)4721 718 06
FAX:         +49(0)4721 718 373
WWW:      http://www.pnewind.com
sector:      Alternative energy
ISIN:        DE000A0JBPG2, DE000A0B9VG7 DE000A0Z1MR2 DE000A1EMCW3
indexes:     CDAX, Prime All Share, Technology All Share
stockmarkets: free trade: Hannover, Berlin, München, Hamburg, Düsseldorf,
             Stuttgart, regulated dealing/prime standard: Frankfurt 
language:   English
 



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