Plambeck Neue Energien AG

euro adhoc: Plambeck Neue Energien AG
Earnings Forecast
Ad hoc announcement by Plambeck Neue Energien AG (ISIN: DE0006910326) in accordance with Section 15 WpHG Plambeck Neue Energien AG submits interim group results for the 2004 financial year

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Cuxhaven, 8 February 2005 ? Plambeck Neue Energien AG announces interim group results for the 2004 financial year.

The company generated consolidated sales of approx. EUR 94 million (previous year EUR 96.6 million). Losses resulting from ordinary operations amounted to approx. - EUR 161.0 million (previous year: EUR 0 million). The balance sheet loss amounted to - EUR 188 million (previous year: - EUR 6.5 million). There was an approx. EUR 25 million change in loss carry-forwards due to the amendment of the annual financial statements of Plambeck Norderland for 2002 and 2003 which became necessary following the revaluation of wind park projects.

The group results are influenced by two main factors: 1. Amortisation totalling approx. EUR 88 million; among others of goodwill of approx. EUR 51 million for Plambeck Norderland GmbH, EUR 30.8 million for SSP Technology A/S and EUR 1.5 million for Plambeck Neue Energien Solar Technik GmbH. 2. Other operating expenses of approx. EUR 98 million (including provision for bad debts and the write-down of receivables from long-term contract work).

On 31 December 2004 the capital stock of the group amounted to approx. EUR 20.8 million and that of Plambeck Neue Energien AG amounted to approx. EUR 32 million.

The goodwill of SSP Technology A/S is written down from EUR 35.8 million to EUR 5 million. After a completed contract work was not accepted on schedule due to project delays, production of rotor blades for wind energy plants at the Danish manufacturer has been suspended. SSP Technology A/S is currently involved in negotiations for the establishment of a corporate partnership.

Plambeck Neue Energien AG is currently negotiating for the disposal of its 80% shareholding in French wind park developer Ventura S.A.

The negotiations by Plambeck Neue Energien AG concerning a new project line of credit under the existing lines of credit hold a promise of success. The result will be of great importance for the further development of the group in 2005.

end of announcement                                euro adhoc 08.02.2005 13:55:44

Further inquiry note: Rainer Heinsohn Öffentlichkeitsarbeit Tel.: +49(0)4721-718-453

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

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