Q1 2026 PNE AG Earnings Call Transcript

May 13, 2026 / 08:00 AM GMT

Release Date Price: €9.48

Transcript

Key Points

Positve

PNE AG (XTER:PNE3) had a strong start to 2026, achieving significant project sales in Germany and Poland with a total output of 152 megawatts.
Power generation increased by 33% to 262 gigawatt hours due to higher wind yields in the German onshore wind market.
The services business grew by 17% year-over-year, with a total output of EUR10.3 million and high customer retention rates.
Normalized EBITDA, adjusted for one-off items, reached EUR17.9 million, showing a significant improvement from the previous year.
The company is on track to achieve its full-year targets, with a focus on sustainable growth and value creation.

Negative

The CFO, Harald Wilbert, is leaving the company for personal reasons, which may impact management continuity.
PNE AG decided to discontinue its offshore project development activities in Vietnam, removing a 2000 megawatt project from its pipeline.
The financial result decreased by EUR4.0 million due to higher interest expenses from increased project financing.
Equity decreased to EUR149.4 million, reflecting a negative net income and an equity ratio of 13.1%, below the mid-term target of 20%.
Other operating expenses rose significantly from EUR7.2 million to EUR12.8 million, driven by various factors including maintenance and consulting fees.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PNEGn.DE - PNE AG
Q1 2026 PNE AG Earnings Call
May 13, 2026 / 08:00AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, welcome to the P&E AG first quarter 2026 results conference call. I'm Yota the Chorus call operator. I would like to remind you that all participants will be in a listen-only mode and the conference is being recorded. The presentation will be followed by a question-and-answer session. You can register for questions at any time by pressing star and one on. Telephone. For operator assistance, please press star and zero. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Heiko Wutke, CEO. Please go ahead.

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Unidentified_2 [2]
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