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PNE WIND AG

EANS-News: PNE WIND AG a successful 2010 first half in its operational business

Cuxhaven (euro adhoc) -

•	EBIT € 8.2 million in the first half year (previous year: € 8.0 
million) 
 •	Internationalisation makes progress
  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
quarterly report/Report of the first half year of 2010
Subtitle: •	EBIT € 8.2 million in the first half year (previous year:
€ 8.0 million) •	Internationalisation makes progress
August 9, 2010 - Wind farm developer PNE WIND
AG closed the first half year of 2010 very successfully. Operating 
profit (EBIT), the decisive indicator for a wind farm developer, 
amounted to EUR 8.2 million following EUR 8.0 million in the period 
of the previous year. PNE WIND AG thus generated earnings before 
taxes (EBT) of about EUR 6.0 million and exceeded the previous year's
results of EUR 5.7 million. Consolidated profit as at June 30, 2010 
thus amounted to EUR 5.9 million (previous year: EUR 4.9 million), 
which corresponds to undiluted earnings per share of EUR 0.13 
(previous year: EUR 0.12). The Company's total aggregate output in 
the first half year amounted to EUR 53.6 million.
In particular, the significant progress in the realisation of the 
"Gode Wind II" offshore wind farm and the strengthened financial and 
equity base provide a solid foundation for the further expansion of 
the Company in the highly attractive wind energy markets in Germany 
and abroad.
In spite of a still so-so capital market environment, PNE WIND AG 
successfully placed a capital increase and a convertible bond in May 
and June, which means that a total of around EUR 28.5 million (gross)
flowed into the Company. In the context of these measures, the 
Company also convinced financial investor Luxempart S.A. of its 
business model, thus further strengthening the shareholder structure.
The equity ratio is approximately 38 percent. Liquid funds of PNE 
WIND AG amounted to EUR 51.5 million at the end of the first half 
year. These funds will be used primarily to drive forward 
international expansion. The run-up costs for the development of the 
foreign business and the project pipeline burdened the results in the
second quarter, since the first projects abroad will not be realised 
before 2011.
Martin Billhardt, Chairman of PNE WIND AG's Board of Management: "We 
are continuing to pick up speed and are therefore satisfied with the 
results for the first half year of 2010. As regards the realisation 
of the "Gode Wind II" offshore wind farm, we took important steps for
readiness for construction with the successfully completed building 
ground survey and the integration of internationally renowned 
companies. Since our Company again owns 100 percent of the Gode Wind 
I project, we are expecting to realise high synergy effects for our 
further activities regarding these two offshore projects. In 
addition, we were able to hand over additional onshore wind farms to 
EnBW as contractually agreed and to expand our international project 
development, which in our opinion will have a positive impact on the 
future development." Therefore, the Board of Management is keeping to
its already published forecast, according to which the EBIT of PNE 
WIND AG in the years from 2010 to 2012 will amount to at least EUR 42
to 54 million over the whole period.
The report on the first half year of 2010, which is available at 
www.pnewind.com under "Investor Relations", provides a comprehensive 
overview of the business results of PNE WIND AG.
Company profile
PNE WIND AG with its headquarters in Cuxhaven develops and implements
wind farm projects on land (onshore) and at high sea (offshore). Its 
core competence is the development, planning, implementation and 
financing of wind farms and their operation or sale including 
subsequent service. So far, the company has set up 95 wind farms with
544 wind energy systems and a total nominal output of 788 MW.
Alongside its business activities in the established German home 
market, PNE WIND AG is also increasingly investing in dynamic growth 
markets and has subsidiaries and representations via joint ventures 
in Hungary, Bulgaria, Romania, Turkey, the UK, USA and Canada. Wind 
farm projects with a nominal output of about 5,500 MW are currently 
being processed in these countries and are to be implemented in the 
medium term. In Germany (onshore) currently wind farm projects with a
nominal output of more than 900 MW are being processed.
Furthermore, PNE WIND AG develops offshore wind farm projects, three 
of which have already been approved in German waters. Entering 
promising foreign markets is also being examined for the offshore 
area.
end of announcement                               euro adhoc

Further inquiry note:

PNE WIND AG
Press and Public Relations
Rainer Heinsohn
Tel: +49(0) 47 21 - 7 18 - 4 53
Fax: +49(0) 47 21 - 7 18 - 3 73
E-mail: info@pnewind.com

Investor Relations
cometis AG
Ulrich Wiehle / Alexandra Edinger
Tel: +49(0)611 - 205855-11
Fax: +49(0)611 - 205855-66
E-mail: wiehle@cometis.de

Branche: Alternative energy
ISIN: DE000A0JBPG2
WKN: A0JBPG
Index: CDAX, Prime All Share, Technology All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
München / free trade

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