Announcement • Jan 16
PNE AG to Report Fiscal Year 2025 Results on Mar 26, 2026 PNE AG announced that they will report fiscal year 2025 results on Mar 26, 2026 Announcement • May 28
PNE Launches Wattmate: A New Platform for Electricity Marketing With Wattmate, the PNE Group is launching a digital platform that offers operators of wind and solar farms a simple and transparent way to conclude short and long-term marketing contracts - supplemented by individual advice. The aim is to optimise the economic marketing of the electricity generated in line with the plant and the current market situation. This includes marketing solutions ranging from traditional direct marketing to longer-term Power Purchase Agreements (PPAs). Wattmate utilises the PNE Group's many years of expertise in PPA transaction consulting. Well-founded experience, bundling of various individual enquiries and extensive contacts to the most important market participants enable operators to achieve the best results. Operators can easily create their wind or solar farm themselves on the platform using data from the market master data register. Once they have uploaded their load profile, they can start the tendering process for their park. Wattmate uses the data provided to request suitable offers from marketers or industrial customers. These offers are stored on the platform in a structured manner so that the operators can choose one. The Wattmate team supports operators with personalised advice when selecting, reviewing and negotiating the contract. Wattmate not only offers marketing, but also transparency: In addition to current market data such as prices for guarantees of origin, Wattmate publishes its own PPA price index and detailed market value forecasts for wind and solar power - both for the coming months and for the next few years. These forecasts help operators to recognise market developments at an early stage and make informed decisions about the best time to conclude a contract. Operators can now register their park at and obtain their individual marketing offer. As a digital platform, Wattmate offers operators of wind and solar parks a simple and transparent way of concluding marketing contracts - supplemented by personalised advice. Announcement • May 16
PNE AG Approves Dividend PNE AG announced that at its AGM held on 13 May 2025, the shareholders approved dividend of EUR 0.04 per share. Announcement • May 15
PNE AG Approves Special Dividend PNE AG announced that at its AGM held on 13 May 2025, the shareholders approved special dividend of EUR 0.04 per share. Announcement • Apr 02
PNE AG, Annual General Meeting, May 13, 2025 PNE AG, Annual General Meeting, May 13, 2025, at 10:00 W. Europe Standard Time. Announcement • Mar 30
PNE AG to Report Q1, 2025 Results on May 09, 2025 PNE AG announced that they will report Q1, 2025 results on May 09, 2025 Announcement • Feb 20
PNE AG to Report Fiscal Year 2024 Results on Mar 27, 2025 PNE AG announced that they will report fiscal year 2024 results on Mar 27, 2025 Announcement • Jan 21
An undisclosed buyer acquired 100 MW Coronach Muskwa Northwest photovoltaic project from PNE AG (XTRA:PNE3) in the first half of 2024. An undisclosed buyer acquired 100 MW Coronach Muskwa Northwest photovoltaic project from PNE AG (XTRA:PNE3) in the first half of 2024. Announcement • Jan 08
PNE AG Announces Supervisory Board Changes At the beginning of the year, Dirk Simons took over as Chairman of the Supervisory Board of PNE AG from Marc van’t Noordende, who had been Chairman of the Board on an interim basis since August 2024. Dirk Simons is an experienced executive in the energy sector. He has been active in the international environment for decades. In recent years, he has successfully implemented projects at board level at various renewable energy companies. Among other things, Dirk Simons was Interim Chief Financial Officer (CFO) of Mainstream Renewable Power and Chief Transformation Officer (CTO) of Mabanaft. At Npower, Dirk Simons was Chief Operating Officer (COO) from 2015 to 2019 and a member of the Executive Board as CFO. He demonstrated his skills in various management positions in the RWE Group from 1995 to 2015. Dirk Simons has been a member of the Supervisory Board of PNE AG since November 2024. PNE announced this in mid-November. At the December meeting of the Supervisory Board, Dirk Simons was elected Chairman of the Supervisory Board with effect from January 1, 2025. Marc van’t Noordende remains a member of the Supervisory Board. The Supervisory Board now consists of Dirk Simons (Chairman), Christoph Oppenauer (Deputy Chairman), Roberta Benedetti, Alberto Donzelli, Marcel Egger, Marc van’t Noordende and Dr. Susanna Zapreva. Announcement • Oct 11
Boralex Inc. (TSX:BLX) acquired 43 megawatts (MW) in Scotland from PNE AG. Boralex Inc. (TSX:BLX) agreed to acquire 43 megawatts (MW) in Scotland from PNE AG on October 10, 2024
Boralex Inc. (TSX:BLX) completed acquisition of 43 megawatts (MW) in Scotland from PNE AG on October 10, 2024 Announcement • Jun 08
Lotus Infrastructure Partners acquired PNE USA, Inc. from PNE AG (XTRA:PNE3). Lotus Infrastructure Partners acquired PNE USA, Inc. from PNE AG (XTRA:PNE3) on June 6, 2024. PNE USA will operate as Allium Renewable Energy effective immediately.Lotus Infrastructure Partners completed the acquisition of PNE USA, Inc. from PNE AG (XTRA:PNE3) on June 6, 2024. Announcement • Nov 21
PNE AG, Annual General Meeting, May 30, 2024 PNE AG, Annual General Meeting, May 30, 2024. Reported Earnings • Nov 14
Third quarter 2023 earnings released: €0.14 loss per share (vs €0.049 loss in 3Q 2022) Third quarter 2023 results: €0.14 loss per share (further deteriorated from €0.049 loss in 3Q 2022). Revenue: €20.7m (down 16% from 3Q 2022). Net loss: €10.9m (loss widened 191% from 3Q 2022). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electrical industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Announcement • Aug 26
PNE AG Announces Executive Changes, Effective 1 April 2024 Harald Wilbert is the new Chief Financial Officer of PNE AG. The Supervisory Board of PNE AG has announced that his contract will run till 31 March 2028. Initially, from 15 October 2023, Harald Wilbert will be a member of the Board of Directors without a special portfolio, so that he will have the opportunity to get to know the company. During this period, the Board of Directors will consist of three members. From 1 April 2024, he will be the new Chief Financial Officer, taking over the responsibilities of Jörg Klowat, who will leave PNE AG at his own request. Harald Wilbert (year of birth 1967) is very familiar with the energy industry and the renewable energy sector. Most recently, he was a member of the Board of BayWa r.e. AG as well as its CFO. His responsibilities included finance, HR, risk management and the Operative Business Entity Bioenergy. Announcement • Jul 18
PNE AG (XTRA:PNE3) acquired 51% stake in Bitbloom Ltd. PNE AG (XTRA:PNE3) acquired 51% stake in Bitbloom Ltd on July 17, 2023. PNE will introduce services based on Bitbloom software as part of its corporate strategy. PNE AG (XTRA:PNE3) completed the acquisition of 51% stake in Bitbloom Ltd on July 17, 2023. Announcement • Jul 06
TotalEnergies SE (ENXTPA:TTE) acquired five photovoltaic projects in Romania from PNE AG (XTRA:PNE3). TotalEnergies SE (ENXTPA:TTE) acquired five photovoltaic projects in Romania from PNE AG (XTRA:PNE3) on July 4, 2023. The transaction parties have agreed not to disclose the purchase price.
TotalEnergies SE (ENXTPA:TTE) completed the acquisition of five photovoltaic projects in Romania from PNE AG (XTRA:PNE3) on July 4, 2023. Reported Earnings • May 15
First quarter 2023 earnings released: €0.076 loss per share (vs €0.13 profit in 1Q 2022) First quarter 2023 results: €0.076 loss per share (down from €0.13 profit in 1Q 2022). Revenue: €34.4m (up 17% from 1Q 2022). Net loss: €5.83m (down 158% from profit in 1Q 2022). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electrical industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 30
Full year 2022 earnings released: EPS: €0.20 (vs €0.33 in FY 2021) Full year 2022 results: EPS: €0.20 (down from €0.33 in FY 2021). Revenue: €131.7m (up 12% from FY 2021). Net income: €14.9m (down 41% from FY 2021). Profit margin: 11% (down from 21% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electrical industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to €16.24, the stock trades at a trailing P/E ratio of 30.9x. Average forward P/E is 23x in the Electrical industry in the United Kingdom. Total returns to shareholders of 253% over the past three years. Reported Earnings • Apr 01
Full year 2021 earnings released: EPS: €0.33 (vs €0.021 in FY 2020) Full year 2021 results: EPS: €0.33 (up from €0.021 in FY 2020). Revenue: €122.2m (up 11% from FY 2020). Net income: €25.1m (up €23.5m from FY 2020). Profit margin: 21% (up from 1.5% in FY 2020). The increase in margin was primarily driven by higher revenue. Over the next year, revenue is forecast to grow 5.1%, compared to a 191% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 57% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 02
Full year 2020 earnings released: EPS €0.021 (vs €0.009 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: €113.5m (down 14% from FY 2019). Net income: €1.62m (up 134% from FY 2019). Profit margin: 1.4% (up from 0.5% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 151 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Dec 28
New 90-day high: €8.18 The company is up 53% from its price of €5.36 on 29 September 2020. The British market is up 11% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electrical industry, which is up 62% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.80 per share. 