PNE AG (XTER:PNE3)

€ 11 0.2 (1.85%) Market Cap: 842.64 Mil Enterprise Value: 791.24 Mil PE Ratio: 0 PB Ratio: 5.31 GF Score: 67/100

Q2 2019 PNE AG Earnings Call Transcript

Aug 08, 2019 / 08:00AM GMT

Release Date Price: €3.04 (+4.83%)

Transcript

Operator

Ladies and gentlemen, welcome to the analyst conference call of PNE AG regarding the presentation of the half year results 2019. At our customer request, this conference will be recorded. (Operator Instructions) May now I present you Mr. Markus Lesser, CEO, who will lead you through the conference call. Sir, please go ahead.

Markus Lesser

PNE AG - Chairman of Management Board & CEO

Yes. Good morning. I would like to present you the results and the activities of the last half year of our company. To summarize it, I'm glad to say the company has been experiencing a very solid growth. The basis for this improved results were driven by growth in all areas of our businesses. In particular, it was driven by the success in project development and sales. With around 289 megawatts in this half year, it was the highest volume of sales in onshore wind in the PNE Group ever. Additionally, it must be said that this especially is related to the international projects like Malarberget in Sweden with 113 megawatts and Jasna with 132 megawatts, which, by the way, is the

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