EANS-News: PNE WIND AG increases its EBIT forecast for 2011 to 2013 to EUR 60 to 72 million

• 2010 annual accounts published today.
• The company will propose a
dividend payment of EUR 0.04 per share to the annual general
meeting.
• The offshore business is driving further company
development forward

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annual result/Earnings Forecast

Subtitle: • 2010 annual accounts published today. • The company will
propose a dividend payment of EUR 0.04 per share to the annual
general meeting. • The offshore business is driving further company
development forward

Cuxhaven (euro adhoc) - 30th March 2011 - The wind farm developer,
PNE WIND AG (ISIN DE000A0JBPG2), has increased the forecast for its
cumulative EBIT for the financial years from 2011 to 2013 inclusive
to EUR 60 to 72 million. This is the result of the 2010 annual
accounts published today. The company bases its forecast on the
increased activity in offshore wind farms, the realisation of
additional onshore wind farms and the anticipated first results of
its foreign activities.

For the financial year 2010, the company once again reported a
significantly positive result. With regard to its operating result
(EBIT) - the definitive key value for the project business - the
corporation earned EUR 9.5 million (previous year: EUR 14.7 million).
The result of ordinary business activity (EBT) was EUR 5.4 million as
compared with EUR 9.9 million in the previous year. In total, PNE
WIND AG achieved a total aggregate output of EUR 80.0 million in the
year 2010 (previous year: EUR 133.6 million). The reason for this
fall derives from the planned cyclical nature of a wind power project
developer´s business because as a rule, projects take several years
until completion. In 2010, four onshore wind farms and a re-powering
project were successfully completed and subsequently handed over to
the purchasers. At the same time, projects in the planning phase at
home and abroad were actively pushed forward in order to be able to
complete these in the coming years.

The corporate result was EUR 7.9 million after EUR 10.1 million in
the previous year. This produced an undiluted result of EUR 0.017 per
share (previous year: EUR 0.24). According to HGB, a balance sheet
profit amounting to EUR 4.1 million (previous year: EUR 0 million)
was achieved. Executive and Supervisory Boards have therefore agreed
to propose the payment of a dividend amounting to EUR 0.04 per
participating share to the shareholders´ annual general meeting.

The equity ratio has improved. It increased to 40.8 percent (prior
year: 40.0 percent). This is the result of the increase in equity to
EUR 81.7 million (prior year: EUR 70.5 million).

Progress in the operational business was made especially in the
offshore projects. While the offshore wind farm, "Gode Wind II" is
progressing towards readiness for construction, the approval for the
neighbouring project, "Gode Wind I" was extended and DONG Energy
Power, as the owner, took the decision to invest in "Borkum Riffgrund
I", for which PNE WIND AG is the service provider.

A significant increase in the number of wind farm projects being
processed at home and abroad secures the medium and long term
development. Currently, wind farm projects with up to about 5,000 MW
of nominal output are being developed in the onshore sector.

Martin Bilhardt, Chairman of the Executive Board of PNE WIND AG,
commented on the positive annual accounts: "Due to the gratifying
2010 result, we will be able to propose the payment of a dividend
amounting to EUR 0.04 per participating share to our shareholders at
the annual general meeting in May. For the future, we see significant
revenue potential, both in our offshore wind farms and also in our
onshore projects at home and abroad. During the coming three years
from 2011 to 2013, we therefore expect to see an increase in the
cumulative EBIT to between EUR 60 and 72 million. In particular, the
significant progress made in the realisation of the offshore wind
farm, "Gode Wind II", shows that PNE WIND is continuing to make use
of its tailwind to push forward. The future belongs to renewable
energies and wind energy in particular will make a continuously
increasing contribution to a secure and sustainable mix of energies
during the coming decades."

Company profile

PNE WIND AG with its headquarters in Cuxhaven develops and implements
wind farm projects on land (onshore) and at high sea (offshore). Its
core competence is the development, planning, implementation and
financing of wind farms and their operation or sale including
subsequent service. So far, the company has set up 97 wind farms with
563 wind energy systems and a total nominal output of 804 MW.

Alongside its business activities in the established German home
market, PNE WIND AG is also increasingly investing in dynamic growth
markets and has subsidiaries and representations via joint ventures
in Hungary, Bulgaria, Romania, Turkey, the UK, USA and Canada. Wind
farm projects with a nominal output of about 3,725 MW are currently
being processed in these countries and are to be implemented in the
medium term. In Germany (onshore) currently wind farm projects with a
nominal output of more than 1.300 MW are being processed.

Furthermore, PNE WIND AG develops offshore wind farm projects, three
of which have already been approved in German waters. Entering
promising foreign markets is also being examined for the offshore
area.

end of announcement euro adhoc
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ots Originaltext: PNE WIND AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

PNE WIND AG
Press and Public Relations
Rainer Heinsohn
Tel: +49(0) 47 21 - 7 18 - 4 53
Fax: +49(0) 47 21 - 7 18 - 3 73
E-mail: info@pnewind.com

Investor Relations
cometis AG
Ulrich Wiehle / Alexandra Edinger
Tel: +49(0)611 - 205855-16
Fax: +49(0)611 - 205855-66
E-mail: edinger@cometis.de

Branche: Alternative energy
ISIN: DE000A0JBPG2
WKN: A0JBPG
Index: CDAX, Prime All Share, Technology All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
München / free trade