DGAP-Adhoc: PNE WIND AG: Increased dividend proposal on higher 2013 earnings and a cumulative EBIT forecast of EUR 110 to 130 million for the

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| Source: EQS Group AG
PNE WIND AG  / Key word(s): Dividend/Final Results

19.03.2014 13:05

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Cuxhaven, March 19, 2014 - Due to the successful 2013 financial year, the
Supervisory Board of the wind farm project developer PNE WIND AG (ISIN:
DE000A0JBPG2) resolved today to accept the recommendation of the Management
Board to propose to the Annual General Meeting a dividend amounting to EUR
0.10 (previous year: EUR 0.08) and a special dividend amounting to EUR 0.05
(previous year EUR 0.02) for each share which is entitled to dividends. The
Annual General Meeting is to vote on this resolution on June 4, 2014.

The basis for this dividend proposal is the improved earnings achieved
during the 2013 financial year. According to IFRS accounting rules, PNE
WIND AG achieved an operating income (EBIT) - the key metric for the
project development business - of EUR 45.0 million (previous year: EUR 20.4
million). PNE WIND AG has thus fulfilled its 3 year cumulative EBIT
guidance of EUR 60 to 72 million having achieved a cumulative EBIT of EUR
65.5 million for the 2011-13 periods. This guidance was first given in 2011
and maintained since then.

The Supervisory Board also approved today a new earnings forecast. The
Management Board expects to achieve a cumulative group EBIT, including WKN
AG, totalling EUR 110 to 130 million during the 2014 to 2016 financial
years.

Revenues increased from EUR 84.4 million to EUR 144.0 million in 2013. The
earnings before tax (EBT) amounts to EUR 35.8 million (previous year: EUR
15.1 million). The undiluted earnings per share (EPS) amounted to EUR 0.86
(previous year: EUR 0.37) and the diluted earnings per share was EUR 0.81
(previous year: EUR 0.31). The total corporate performance increased to EUR
162.1 million (previous year: EUR: 94.3 million).

According to HGB (German Commercial Code), PNE WIND AG achieved an annual
net income of EUR 36.6 million (previous year: EUR 34.4 million). PNE WIND
AGs balance sheet profit according to HGB as at December 31, 2013 amounted
to EUR 67.6 million.

PNE WIND AG will publish its fully audited annual accounts and management
report for 2013 on March 31, 2014.


Contact:
Contact:

PNE WIND AG
Rainer Heinsohn
Head of Corporate Communication
Tel:  +49(0) 47 21 - 7 18 - 453
Fax: +49(0) 47 21 - 7 18 - 373
E-mail: Rainer.Heinsohn@pnewind.com


PNE WIND AG
Investor Relations
Scott McCollister
Tel:  +49(0) 47 21 - 7 18 - 454
Fax: +49(0) 47 21 - 7 18 - 373
E-mail: Scott.McCollister@pnewind.com


Investor Relations
cometis AG
Ulrich Wiehle / Janis Fischer
Tel:  +49(0) 611 - 205855-64
Fax: +49(0) 611 - 205855-66 
E-mail: fischer@cometis.de


19.03.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      PNE WIND AG
              Peter-Henlein-Straße 2-4
              27472 Cuxhaven
              Germany
Phone:        04721 / 718 - 06
Fax:          04721 / 718 - 200
E-mail:       info@pnewind.com
Internet:     http://www.pnewind.com
ISIN:         DE000A0JBPG2, DE000A0B9VG7, , DE000A1EMCW3, , DE000A0Z1MR2, ,
              DE000A1R0741
WKN:          A0JBPG, A0B9VG, , A1EMCW, , A0Z1MR, , A1R074
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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