EANS-News: PNE WIND AG: a clear profit for business year 2009

• Operating results (EBIT) reached €14.7 million
• Total output
increased to €133.6 million
• Equity ratio is increasing to around
40%, given assets of €41.5 million

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Financial Figures/Balance Sheet

Subtitle: • Operating results (EBIT) reached €14.7 million • Total
output increased to €133.6 million • Equity ratio is increasing to
around 40%, given assets of €41.5 million

Cuxhaven (euro adhoc) - 18th March 2010 - The wind farm developer PNE
WIND AG (ISIN: DE000A0JBPG2) has closed the business year 2009 with a
markedly positive result. The operating results (EBIT) - the index
number which is decisive for the project business - amounts to
EUR14.7 million (previous year EUR23.5 million including sale of SSP
share) in accordance with IFRS accounting. The profit from ordinary
business activities (EBT) amounts to approx. EUR9.9 million (previous
year: EUR19.7 million). The group succeeded in increasing the total
output to EUR133.6 million (previous year: EUR112.5 million). At the
same time, the turnover increased to EUR137.3 million (previous year:
EUR74.6 million) due to the extended implementation of wind farm
projects. At the end of the business year 2009, the equity ratio was
almost double that of the previous year with approx 40% in comparison
to 21%. This therefore left the business with a solid financial basis
with assets of EUR41.5 million on 31st December 2009 in order to
continue its growth trend.

The completion of nine onshore wind farms with a total nominal output
of 121.8 MW, the sale of ten onshore wind farms to the EnBW Energie
Baden-Württemberg as well as the successful sale of shares in two
offshore wind farms to DONG Energy Power were important foundations
for this successful development.

Martin Billhardt, chairman of the PNE WIND AG, appeared very happy
with the positive year-end results: "We have achieved a very pleasing
result in our core business in 2009. The basis for this was the
strong business expansion in projection, implementation and sale of
wind farms. Never before have we been able to complete so many wind
farms with such a large nominal output." In addition, he refers to
the fact that the business set the agenda for the future in the
previous business year. "We have been able to make substantial
progress in the offshore area as well as in the area of international
development. We want to continue this progress in the future."

PNE WIND AG will publish the complete audited year-end results and
the business report 2009 on 30th March 2010.

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 93 wind farms with
536 wind energy systems and a total nominal output of 772 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
and in Hungary, Bulgaria, Turkey, the UK, Ireland, Rumania, USA and
Canada. Wind farm projects with a nominal output of up to 1,400 MW
are currently being processed in these countries and are to be
implemented in the medium term. In Germany (onshore), wind farm
projects with a nominal output of more than 300 MW are currently
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

Presse- und Öffentlichkeitsarbeit

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 / Dirk Stauer

Tel: +49(0)611 - 205855-11

Fax: +49(0)611 - 205855-66

E-mail: wiehle@cometis.de

Branche: Alternative energy
ISIN: DE000A0JBPG2
WKN: A0JBPG
Index: CDAX, Prime All Share, Technology All Share
Börsen: Frankfurt / regulated dealing/prime standard
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