Change in forecast based on the previous course of business
Cuxhaven, November 6, 2017 - Based on its previous course of business during the first nine months of 2017, PNE WIND AG increases its EBIT guidance for the consolidated results in the entire year of 2017 from previously euro 0 to 15 million to euro 17 to 23 million. This resolution was adopted today by the Board of Management.
In the first nine months of the 2017 fiscal year, PNE WIND AG generated a consolidated EBIT of euro 23.7 million and is thus clearly above the published annual guidance. Depending on the sale of a French wind farm project, which is currently under construction, the Board of Management of PNE WIND AG expects that the upper or lower value of the new guidance can be achieved.
In the third quarter of 2017, primarily the sale of project rights for wind farms in the USA and Sweden as well as a subsequent purchase price payment in connection with the 142 MW wind farm portfolio sold at the end of 2016 had a positive impact on the consolidated earnings in the first nine months of the year.
PNE WIND AG will publish its quarterly announcement for the first nine months of 2017 on Wednesday, 8 November 2017.