(BRIEF) PNE AG announces a very successful 2023, meeting or exceeding the strategic goals set out in its “Scale up 1. 0” strategy. With a total production of €267. 8 million and an EBITDA of €39. 9 million, the company is in the position of Notably, PNE AG exceeded its target for the expansion of the wind farm, with a nominal capacity of 369. 8 MW, thus exceeding the target of the “Scale up” strategy. The creation of its own portfolio of wind farms has created significant “hidden reserves”, contributing to pre-tax profits. In addition, the company has especially expanded its portfolio of allocations, paving the way for long-term growth. The positive outlook for PNE AG includes plans for the continued expansion of its generation portfolio and the implementation of the “Scale up 2. 0” strategy, which aims to form an independent power manufacturer while maintaining a strong development of its tasks.
(PRESS RELEASE) CUXHAVEN, March 27, 2024 — /EuropaWire/ — 2023 is a very successful year for PNE AG. As a result of the successful development of the business, total production amounted to €267. 8 million (previous year: €243. 3 million). ). Earnings before interest, taxes, depreciation and amortization (EBITDA) of more than €39. 9 million (previous year: €35. 4 million). Constant net profit (EBIT) amounted to €5. 7 million (previous year: €6. 2 million). Basic profits The constant percentage amounted to €-0. 13 (previous year: €0. 20). This puts PNE AG in the lead at the end of the group’s EBITDA guidance of €30 million to €40 million. The company today released its report for fiscal year 2023.
“We have kept our promises and are moving forward,” says Markus Lesser, CEO of PNE AG. “In 2017, through the ‘Scale up’ strategy, we introduced the evolution of PNE AG into a blank electrical response provider. The goal is to expand the diversity of business segments, whether in terms of generation or geography. We have all met, and in some cases far exceeded, the ambitious goals we set for 2023. We are very proud of this, basically because the EBITDA also reached the top diversity of guidance. This is a challenge given the specific market environment.
“Services” also include the brokering of short- and long-term forced acquisition agreements (PPAs). In 2023 alone, PNE Group entered into PPAs for 39 wind and PV allocation companies with a total output of more than 337 megawatts.
In the coming years, the PNE group will have to constantly expand its own portfolio of wind farms and photovoltaic systems and become increasingly an independent power manufacturer (IPP). This builds on their long-standing core business, which is custom development.
At the same time, the NCP will systematically promote the expansion of services, technologies and markets. In total, they benefited from the synergies of the three segments “Project Development”, “Power Generation” and “Service Products”.
“We are making smart progress in implementing the progression of the ‘Scale up 2. 0’ strategy. The course of expansion is set and the goals set are achievable. We are motivated to face the demanding situations that come our way. “In fiscal year 2024, as in previous years, PNE will have more upfront spending on diversity than a few million in single digits for strategic business model expansion. We expect the Group’s EBITDA to be between €40 million and €50 million compared to our full-year 2024 guidance. “
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SOURCE: PNE SA
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