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PNE AG exceeds forecast for financial year 2020 in terms of Group EBITDA according to preliminary figures

·2-min read

PNE AG / Key word(s): Profit Warning/Change in Forecast
PNE AG exceeds forecast for financial year 2020 in terms of Group EBITDA according to preliminary figures

15-Feb-2021 / 13:19 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

 

Insider information of PNE AG
according to Art. 17 EU-Market Abuse Regulation (MAR)
(ISIN:DE000A0JBPG2)

PNE exceeds forecast for financial year 2020 in terms of Group EBITDA according to preliminary figures

According to preliminary figures, the PNE Group now expects EBITDA of between €24 million and €28 million for the 2020 financial year; according to the most recently published guidance, the Management Board still assumed EBITDA of between €15 million and €20 million. Group EBIT will be in the middle to upper range of the guidance given (€ 5 million to € 10 million) according to preliminary figures.

In the fourth quarter in particular, business for PNE was better than initially expected. This involved the power generation area as well as the project business. For the Management Board, this business development also demonstrates that the PNE Group is on the right track in its development into a "Clean Energy Solutions Provider".

PNE will publish the final business figures for 2020 and the audited full Consolidated Financial Statements on March 31, 2021.

Contacts for enqueries


PNE AG
Rainer Heinsohn
Corporate Communications
Tel: +49(0) 47 21 - 718 - 453
rainer.heinsohn(at)pne-ag.com


PNE AG
Christopher Rodler
Investor Relations
Tel: +49(0) 40 - 87933 - 114
christopher.rodler(at)pne-ag.com



 

15-Feb-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

PNE AG

Peter-Henlein-Straße 2-4

27472 Cuxhaven

Germany

Phone:

04721 / 718 - 06

Fax:

04721 / 718 - 200

E-mail:

info@pne-ag.com

Internet:

http://www.pne-ag.com

ISIN:

DE000A0JBPG2, DE000A2LQ3M9, , DE000A12UMG0,

WKN:

A0JBPG, A2LQ3M, , A12UMG,

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1168323


 

End of Announcement

DGAP News Service

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