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    PNE3   DE000A0JBPG2

PNE AG

(PNE3)
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PRESS RELEASE: PNE AG sells wind farm projects in Romania

07/15/2021 | 06:42am EDT
DGAP-News: PNE AG / Key word(s): Disposal 
PNE AG sells wind farm projects in Romania 
2021-07-15 / 12:41 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
Corporate News 
PNE AG sells wind farm projects in Romania 
- Global company acquires rights for three wind farms with 220.8 MW 
- PNE continues to support project development 
- Concentration on Romanian photovoltaic projects 
Cuxhaven, July 15, 2021 - PNE AG sold the rights to three wind farm projects in Romania to a large global renewable 
energy company. Wind turbines with a nominal output of up to 220 MW can be constructed in the projects. PNE and the 
investor will cooperate in the further development. The parties have agreed not to disclose the purchase price. 
In recent years, PNE has continuously developed the projects and adapted them to the framework conditions, which have 
changed in many cases. Together, PNE and the purchaser intend to further develop the projects up to the financing 
decision for construction. The investor will be responsible for the financing, construction and subsequent operation of 
the wind farms. PNE considers the positive development of the market for renewable energies in Romania to be 
encouraging. 
Markus Lesser, CEO of PNE AG: "I am pleased that we have found a very experienced and strong investor for our Romanian 
wind farm projects. Together we will now work on the further project development up to realisation. PNE will also focus 
on the development of photovoltaic projects in Romania." 
PNE was advised on the transaction by Kreen Ltd. 
About the PNE Group 
The internationally operating PNE Group, with its brands PNE and WKN, is one of the most experienced project developers 
of onshore and offshore wind farms. Based on this success, the Group has developed into a "clean energy solutions 
provider". From initial site exploration and implementation of approval procedures via financing and turnkey 
construction to operation and repowering, the Company's services encompass all the phases of developing and operating 
wind farms. In addition to wind energy, PNE offers photovoltaics, electricity storage, service products and the supply 
of clean electricity. PNE is also focussing on the development of power-to-X solutions. 
Contacts for enquiries 
PNE AG                        PNE AG 
Rainer Heinsohn               Christopher Rodler 
Corporate Communications      Investor Relations 
Phone: +49 (0) 4721 718 453   Phone: +49 (0) 40 87933 114 
Fax: +49 (0) 4721 718 373     Fax: +49 (0) 4721 718 373 
Rainer.Heinsohn(at)pne-ag.com Christopher.Rodler(at)pne-ag.com ----------------------------------------------------------------------------------------------------------------------- 

2021-07-15 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. 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:  1219312 
 
End of News   DGAP News Service 
=------------ 

1219312 2021-07-15

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1219312&application_name=news 
 

(END) Dow Jones Newswires

July 15, 2021 06:41 ET (10:41 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -0.05% 34750.95 Delayed Quote.11.93%
PNE AG 0.55% 7.38 Delayed Quote.-8.25%
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Financials
Sales 2021 161 M 189 M 189 M
Net income 2021 -4,28 M -5,01 M -5,01 M
Net Debt 2021 349 M 408 M 408 M
P/E ratio 2021 -140x
Yield 2021 0,54%
Capitalization 560 M 656 M 656 M
EV / Sales 2021 5,64x
EV / Sales 2022 6,10x
Nbr of Employees 458
Free-Float 56,9%
Chart PNE AG
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Technical analysis trends PNE AG
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 4
Last Close Price 7,34 €
Average target price 8,55 €
Spread / Average Target 16,5%
EPS Revisions
Managers and Directors
Markus Lesser Chief Executive Officer
J÷rg Klowat Chief Financial Officer
Per Hornung Pedersen Chairman-Supervisory Board
Marcel Egger Member-Supervisory Board
Florian M. Schuhbauer Member-Supervisory Board