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Business Summary: PNE AG, formerly PNE Wind AG, is a Germany-based renewable energy company. The Company is operating as project developer in renewable energies. It operates through three segments such as project development, power generation and services. The project development segment plans and develops wind farms on land and at sea not only wind energy but also photovoltaics, green hydrogen and power-to-X technologies are also part of their offering. The service segment offers customers a comprehensive service portfolio and cover the entire spectrum from the planning to the operation of wind farms and photovoltaic projects as well as an all-round carefree package. The power generation provides electricity through onshore wind energy and photovoltaics with their own operations portfolio from project development.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2024, PNE AG revenues increased 73% to EUR210.4M. Net loss applicable to common stockholders increased 40% to EUR13.4M. Revenues reflect Project development segment increase from EUR26.3M to EUR108.7M, Services segment increase of 12% to EUR24.1M. Higher net loss reflects Project development segment loss totaling EUR7.9M vs. income of EUR15.4M. Dividend per share decreased from EUR0.08 to EUR0.04.