Plambeck Neue Energien AG achieves record showing in fiscal year 2008
- EBIT improved by 7.9 mill. Euro to 23.5 mill. Euro
- Total operating performance increased to 112.5 mill. Euro (previous year: 58.6 mill. Euro)
- Positive effect on results by sale of SSP Technology A/S
The wind-farm developer Plambeck Neue Energien AG (ISIN: DE000A0JBPG2) has closed the fiscal year 2008 with a record showing. Accordingly, both the turnover and also the income figures distinctly rose. The earnings before interests and taxes (EBIT) - the decisive figure for the project business - improved by 50.6% to around 23.5 mill. Euro (previous year: 15.6 mill. Euro). The earnings before taxes (EBT) were increased to around 19.7 mill. Euro (previous year: 11.4 mill. Euro). In comparison with the previous year, the total operating performance in the group according to IFRS accountancy was increased by around 92.0% to 112.5 mill. Euro. At the same time, turnover increased to 74.6 mill. Euro (previous year: 50.1 mill. Euro).
Thus, Plambeck Neue Energien AG fulfilled its forecasts for the 2008 fiscal year and achieved the best EBIT showing in the company's history. The foundation of this successful development was formed by the sale of the shares in the Danish rotor blade developer SSP Technology A/S.
Martin Billhardt, Chairman of the Board of Plambeck Neue Energien AG, was highly pleased with the positive result: "In the fiscal year of 2008, we were able to achieve important progress. We have consistently aligned the company to projecting wind-farms - onshore and offshore, in Germany and abroad. At the same time, we have also achieved the best showing financially in the company's history." For the future, the Chairman of the Board is therefore confident: "We are moving on a growth market which is comparatively independent of the economy. Wind power will play a key role in energy supplies in the future, both nationally and also internationally."
Plambeck Neue Energien AG will be publishing the complete, audited annual financial statements and the 2008 business report on March 30, 2009.
About PNE WIND AG
Plambeck Neue Energien AG with its headquarters in Cuxhaven plans and implements windfarm projects on land (onshore) and at sea (offshore). The key competence of the company is the development, projecting, implementation and financing of wind-farms and their operation and sale with subsequent service. Up to now, the enterprise has set up 88 windfarms with 503 wind-energy systems and a total nominal output of 699 MW.
Alongside the business activity on the established German market, the company is increasingly expanding into dynamic growth markets. Via joint ventures, Plambeck Neue Energien AG is already represented in Hungary, Bulgaria, Turkey, Great Britain, Ireland and Romania. In these countries, wind farm projects with a nominal output of up to 1,430 MW are under development and are to be realized in the medium term. Furthermore a subsidiary is founded in the USA. In Germany (onshore) wind-farm projects with a nominal output of more than 400 MW are under development, of which 82 MW are under construction.
Over and above this, Plambeck Neue Energien AG develops offshore wind-farm projects, of which two major projects in German waters have already been approved. Entry to promising foreign markets is also being examined for the offshore area.