- Annual result of 10.1 million euros generated in 2009
- EBIT forecast in the range of at least 14 - 18 million euros per year
- Liquidity of 41.5 million euros per 31.12.2009
Martin Billhardt, Chairman of PNE WIND AG, sees this as proof of the operational strength of the company: "The result generated in 2009 comes primarily from our core business, which is to say project planning, implementation and the subsequent sale of wind farms". He says that the positive annual result has further strengthened the capital base and has led to the first balanced net result for the year, according to the German Commercial Code, since six years ago.
Against the background of the company's promising competitive position in the still growing market for wind energy, the executive board is assuming that PNE WIND AG will continue to develop positively. Due to imponderables such as approval procedures and weather conditions, and the fact that the complete project planning for a wind park lasts an average of three to five years, the board is providing a rough framework for the prospects for business development. The board is confident that the EBIT in the next three years will be at least 14 to 18 million euros per year on average and/or 42 to 54 million euros over the whole period." The board sees particular opportunities for the company in offshore business and growing foreign activities.
The 2009 annual report, which gives a complete summary of the past year and future prospects, became available for download today at www.pnewind.com in the "Investor Relations" section.
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