PNE WIND AG: Extremely positive result in 2012 is the basis for increased dividend proposal

(PresseBox) ( Cuxhaven, )
The wind farm project developer, PNE WIND AG (ISIN: DE000A0JBPG2), has closed the financial year 2012 with an extremely positive result. The corporation's operating result (EBIT) - the definitive key value for project business - amounts to EUR 20.4 million (previous year: EUR 0.1 million) based on the IFRS accounting rules. The result of normal business activity (EBT) amounts to about EUR 15.1 million (previous year: EUR -4.9 million). The undiluted corporate earnings per share was EUR 0.37 (previous year: EUR -0.09) and the diluted corporate earnings per share was EUR 0.31 (previous year: EUR -0.04). Total corporate performance increased to EUR 94.3 million (previous year: EUR 53.9 million). Simultaneously - above all due to the successful sale of offshore wind farm projects - sales increased to EUR 84.4 million (previous year: EUR 48.6 million). With a balance sheet total of EUR 182.5 million and an equity ratio of about 47 percent at the end of the 2012 financial year, the equity ratio is significantly higher than in the previous year at approx. 39 percent. Liquid assets of EUR 36.6 million as at 31st December 2012 provide the company with a solid financial basis for continued growth. The Board of Directors confirms its forecast of a cumulative EBIT of at least EUR 60 to 72 million for the three year period from 2011 to 2013. The Board of Directors anticipates an EBIT of EUR 60 to 72 million for the following two year period during 2014 and 2015.

According to HGB (German Commercial Code) accounting rules, PNE WIND AG realised a net income of EUR 34.4 million (previous year: EUR 0.2 million). As at 31st December 2012, PNE WIND AGs had a retained profit of EUR 34.3 million according to HGB accounting rules.

As a result of the positive result during the 2012 financial year, the Board of Directors and the Supervisory Board of PNE WIND AG propose to pay a dividend amounting to EUR 0.08 (previous year: EUR 0.04) as well as a special dividend of EUR 0.02 per participating share. The Annual General Meeting is set to pass a resolution on this motion on 22nd May 2013.
The publisher indicated in each case is solely responsible for the press releases above, the event or job offer displayed, and the image and sound material used (see company info when clicking on image/message title or company info right column). As a rule, the publisher is also the author of the press releases and the attached image, sound and information material.
The use of information published here for personal information and editorial processing is generally free of charge. Please clarify any copyright issues with the stated publisher before further use. In the event of publication, please send a specimen copy to service@pressebox.de.